Text Box: Motel Finance.com.au

—Top 10 tips for Business Purchasers
Text Box: Top Tips for Financing a Business Purchase * Calculate how much you need. Do not underestimate costs and working capital will be required * Look beyond just the best interest rate. Understand the loan structure, security required, fees and ———- charges * Ensure you have had an independent professional conduct a thorough due diligence on the business * Make a plan to repay debt. If the business can not afford it the loan it is probably poorly structured ——- loan OR the business is making insufficient profits to justify the pricing * Listen to advice from industry experts. Don’t forget that lots of other people have done this before * Get the right loan structure to fit your specific requirements. Don’t just stick to your current Bank, ————there might be more competitive loans and structures elsewhere * Have your loan approval in place BEFORE exchanging purchase contracts (you don't want to lose —————your deposit!) OR if you do exchange contracts make sure there is a strong subject to finance ————clause in the contract * Ensure you have full information on the business including financials, lease terms, staffing, suppliers ——- and store history * Prepare a Business Plan and cash-flow projections and ensure you revisit them regularly * Review your borrowings with a specialist periodically to ensure they still are right for you and your ———-evolving circumstances Motel Finance.com.au is very experienced at arranging loans for new and existing business purchasers or owners. Why not give us a call on:(02) 6368 7161 or email us:

 

   

info@motelfinance.com.au