Benchmarking is an essential resource if you are thinking about buying a business. The best starting point is to obtain a copy of the Australian Benchmark Report for the industry or sector your looking at buying into. It can help you to measure the past performance of a business to see how it performed against industry averages. The information you gain from benchmarking makes it easier for you to decide if the business is a good buy.
-
the purchase price is reasonable
-
how much improvement does it require to be best in class
-
if the average net profit per working owner is enough compensation for the expected working hours by that owner
-
If another alike industry is more suited to you
To obtain an industry report before buying a business click the “Business Owner” section on our homepage.
Are you an Accountant or Business Advisor? Fill out the below form for a FREE TRIAL of the Benchmark Suite.