The Holistic Accountant

Getting your business ready for sale

December 06, 2023 Stuart Wemyss & Mena Abraham Season 3 Episode 45
The Holistic Accountant
Getting your business ready for sale
Show Notes

In this episode, Stuart and Mena discuss strategies that can optimise your sale proceeds and the marketability of your business, including:

  • Financials – this is the first component that any prospective purchaser assesses. 
  • Operations – businesses that are reliant on the current owner or their respective reputation are less desirable to purchase than those who have the Goodwill associated with the brand. 
  • Get rid of dead weight – stock and staff
  • Customers – purchasers are weary if your customer base is heavily weighted to a small group
  • Structuring – Michael Tselepis's example
  • CGT concessions

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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

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