Broker: Angie Flemming
$320,000 + SAV
Selling a business entails acute processes—from cleaning up tax records to tidying up a store and updating old operating systems.
Before putting your business on the block, consider getting outside help from a professional business broker. Make sure that you take the time to interview brokers; you don’t want to sign up with the first broker you meet. Make sure that the broker you’re working with has enough expertise and knowledge about the industry you’re in, as well as the resources to deliver leads within the first month. You also want to get a broker that is experienced in the Hawkes Bay and Gisborne region so you may attract the best buyers in the area.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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