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.