BIZOOKA BIZBUY

So you think you’ve got what it takes to be your own boss? Buying a business is a very serious decision and can be one of the biggest investments you make in your lifetime. It can also turn into your worst nightmare with 80% of small businesses going broke within their 1st five years of operation, surely you don’t want to become another statistic?

Bizooka are here to assist, our goal is to turn that statistic around? Simple, after years of research we now know it’s all about Business knowledge and application of that knowledge.

Therefore as part of Bizookas BizBUY program you’ll spend 2 days with master business trainer Bruce Doyle so you are prepared for Business Ownership.
In addition, if you are purchasing a Bizooka listed business you’ll also have the option to have one of our 15 Big Gun Coaches and Trainers to work with you to ensure the transition is seamless. In many cases this will be included in your purchase price.

Why do we do this?

Simple, at Bizooka we want you as a client for life and believe that over time you’ll buy and sell with us over and over simply because of the standards we demand and provide.

Are you financially literate enough to own and operate your own business? Do you have the skills in recruitment, sales, marketing, leadership, and systems? If you are like most of our clients you’ll answer no and that is why Bizooka was created to provide Businesses Education and to grow successful Entrepreneurs.

Successful business owners must have an iron clad self-belief and confidence without that you may need to reassess owning your own business.

In addition, our team of experts will work with you and your accountants to ensure we set up the best business structure for you and your family, partnership, sole trader, company, trust or other this will be based on your specific situation.

Attention to detail is critical re Due Diligence, legal requirements, documentation, etc and are areas that Bizooka will assist you as a new business owner. There are so many areas that need to be addressed including, permits, leases, sale of business agreements, staff entitlements, workcover, occupational health and safety, equal opportunity, etc and you can rest assured our BizBUY Team will have that covered in it’s entirety.

Other areas Bizooka will assist with include:

• Researching business reputation. We will survey customers, suppliers and appraise the credit rating of the business in its current format.
• Document clearly all assets included in the sale price.
• Clarify all intellectual property included in the sale
• Clarify current business ownership via necessary searches.
• Review leases and options
• Employee entitlements and whether existing staff will continue on with new owners.
• Permits and Licences, are they in place and are they transferable.
• What is the potential to grow the business, clarify the businesses maximum utilisation.
• Stock, is it saleable what percentage needs to be written off and do you have sufficient cash flow to stock the business to maintain and grow revenues.
• Will suppliers provide credit to you as the new owners or will there be a period of cash on delivery? If so what are the implications on cash flow.
• Plant and equipment do they have clear title or are payouts required.
• Is a detailed customer database included in the purchase and is it accessible in standard software or is new computer software required
• Have all tax obligations been met.
• Is there a restraint of trade required, if so what is the distance and time frame required?
• Have all work cover premiums been met and are there any outstanding work cover matters.

Yes there are plenty of areas to cover but you can relax as the Bizooka Team take care of this for you.