Buying a Business on the Sunshine Coast

Buying a business can be a very daunting prospect. If handled properly though, it can offer you the financial freedom you have always desired, and you can become your own boss!

When considering buying an existing business, there are several factors that you must consider and many potential danger areas. It is important to gather as much information about the business as you possibly can, and take independent financial advice from an accountant to ensure you get the best deal possible.

One of the first questions you should ask is “Why is the business being sold?”. The answer to this question will tell you a lot about the business and whether it is a good move to pursue the purchase further.

Secondly, the financials. Reviewing the sales figures, stock figures, balance sheets, depreciation costs, cost of borrowings and so on can be a very lengthy and stressful process. This is where we can help. Thornthwaite CT can make buying a business on the Sunshine Coast faster, more accurate, and most importantly, find out whether it really is the best move for you financially.

The services Thornthwaite CT can offer you during the buying process include:

• Preparation of finance applications
• Financial analysis of the business to be purchased
• Assistance with budgeting and cash flow planning
• Advice on financing the business and sourcing finance
• Matters to consider when purchasing a business

Once the business is yours, we can also:

• Ensure you are using the right tax structure to minimise your tax and offer maximum protection for your assets
• Provide tax planning
• Prepare taxation returns for Partnerships, Trusts, Companies, and Superannuation Funds
• Offer advice on the most suitable business structure for your situation
• Provide ideas to grow your business and generate more profits
• Offer strategic planning to keep your business ahead of the field
• Provide ongoing assistance with budgeting and cash flow planning
• Offer advice on accounting computer software packages
• Provide regular reporting and financial accounts
• Prepare business and marketing plans
• Prepare finance applications and review financing arrangements

So, as you can see, Thornthwaite CT is the business partner you have been looking for. Accurate, relevant advice and the know-how to turn your business into a success and secure your future.

Call us today to arrange an appointment with one of our business specialists.