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.

Recent Articles

Net Profit Benchmark Calculation

12th April 2019

How it’s calculated Net Profit can be calculated before owner’s salary (bos) is removed or after owner’s salary (aos) is... Read More

Net Profit per Owner Benchmark Calculation

12th April 2019

How it’s calculated Net Profit per Owner can be calculated before owner’s salary (bos) is removed or after owner’s salary... Read More

New Features for the Benchmark Suite!

12th April 2019

Tim explains the new and improved benchmark suite reporting feedback section for SMEs in Australia. [embed]https://www.youtube.com/watch?v=yGCvp8chNTc[/embed] Read More

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