Helpful tips for Business Buyers (Purchasers) - helping prepare you to buy a business, businesses, property or properties by Business Brokers who only sell businesses and know the market place, value, immigration and guide you through the buying process
Helpful Tips for Buyers
Purchasing a tourism, hospitality or leisure business or property can be complex and daunting, especially if this is your first business venture.
Key questions when buying a business or property
We can guide you through the purchasing process each step of the way. Below are some key questions we will help you with.
• What to look for?
• How much is it worth?
• How does the process work?
• How do leasehold, freehold going concern and freehold investment yields or multipliers work or differ? (This is the calculation to value or capitalise the net income or net surplus before owner or manager’s salaries to arrive at the value of the business or property.)
• Has the “Add Back” calculation been applied to the financial accounts to achieve the notional bottom line prior to applying the correct current market multiplier for the business or property? (This changes depending on location, length of lease, condition of property, timing of next rent review, etc.)
• How long has the lease term got to go? How long before the next rent review? Is there a right of renewal on the lease, and are there variations to the original lease?
Contact us
For further information and advice, contact us for a confidential and no obligation discussion.
In the first instance, feel free to call the owners of TourismProperties.com who will ensure you get the right advice and put you in touch with the Business Broker in the area you wish to purchase a business.
 | Adrian Chisholm
|  | Chrissy Chisholm Broker / Owner M: +64 21 447 447 O: +64 9 523 3536 F: +64 9 523 3543 E: chrissy@tourismproperties.com PO Box 109-452 Newmarket 1149 |