Before you buy a business

Jul 17th, 2015

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.

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