When you are selling a business, you would like to walk away and move on without the risk of being liable for any warranty claims after you have sold the business. The legal word of the law states that you are liable for any product liability / warranty claim as long as your legal entity[Read More]
Buying a Business
Buying a business can be a long and frustrating process. Where do you start? How do I find the perfect business for sale? How can I find out if it is a good business?.....
On this page you find some articles written by experienced Northland business broker, Rudy Kokx on all aspects of buying a business.
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What am I buying when I purchase an existing Business
For anyone that has never bought a business, it seems a lot of money to pay $300,000 to $400,000 for a business that had a Sellers Discretionary Earnings (SDE) of $100,000 to $150,000 per annum. Probably most of it is “goodwill” and may not include as many assets as you’d have thought. The main reason[Read More]
What you need to know before you buy a hospitality business
There is no shortage of cafes and coffee shops in New Zealand. Most seem to serve decent coffee and most seem to do ok. But is “o.k.” enough to stand out from the local competitor around the corner, and is it enough to stand out from international franchised coffee shops like Starbucks? At LINK Northland[Read More]
How do I find the perfect business to buy?
As business brokers, we like to believe that there is a buyer for every business, if it makes a profit. How long it would take to find a buyer and how much they are prepared to pay for it depends entirely on how the business is presented, how the business is marketed and how the[Read More]
Why should I use a Business Broker when I buy a business
Think about who is paying the commission on a sale; it is always the Purchaser: YOU! Under the rules of the REAA (Real Estate Institute in New Zealand) a Business Broker is obligated to achieve the best price for the Vendor when we are engaged by the vendor; we list a business for sale, we[Read More]
Is buying a business on your bucket list?
Grab a pen and write your resolution down for the new year: #1 BUYING A BUSINESS! All of us have goals for the New Year! Some of us want to earn more money, buy a bigger car, be healthier… but the common goal we all have (in general) is that we want to be happier![Read More]
Why do people sell a Business?
It is a common miss-perception that most businesses that are for sale are poor performers in the market! Most businesses sold through a business broker are good, profit making and well established businesses. Under the Real Estate Act, business buyers are well protected and agents face huge fines for non-disclosure if misconduct or misrepresentation is[Read More]
