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.

Are you an Accountant or Business Advisor? Fill out the below form for a FREE TRIAL of the Benchmark Suite.



Recent Articles

The Bottom Line for Professional Services

18th December 2020

It can be difficult for small business owners to determine what success looks like, as there is no ‘one... Read More

The FTE Equilibrium

19th November 2020

           In economics, a state of equilibrium is the balancing effect of supply and demand.[i] Thus, the quantity the producers... Read More

The great remote shift: what happens next?

10th July 2020

As majority of Australia returns to ‘the new normal’ we look at what impact the ‘great remote shift’ has... Read More