Anz
The selling process is more successful when you consider the position of the other parties involved. “Put yourself in their shoes” for want of a better phrase.
- What variety of business opportunities are available for a buyer to choose from ?
- What sort of return on overall capital and return on time performed are they looking for ?
- Will your landlord welcome a new business owner or put up road blocks ?
- What will my buyers financier require to help them fund a purchase ?
Understanding what the Banks are presently looking for, allows you to prepare appropriately.
ANZ attended a Business Brokers Conference in FY2015, and discussed the following slides with Brokers, as a valuable insight to their expectations, when considering funding approval for a business buyer.
We highly recommend clicking the link and having a read, it’s very illuminating.
Update FY2019, POST Banking Royal Commission, financiers expectations are even more critical