How much does it cost me to list by business with you to sell?

No cost

What is the difference between a freehold and leasehold?

Freehold is where the land and buildings and the business are owned and run by the owner or appointed manager.

Leasehold is where the business and chattels (inventory) have been sold to a lessee who now pays rent to the owner of the freehold from which the business is conducted

What are the benefits of Freehold?

Freedom to develop where, when and how you wish, capital gain on the freehold and buildings

What are the benefits of Leasehold?

Less cost to purchase than a freehold and generally better return than a freehold, depending on whether or not you improve the business you could have a diminishing asset in relation to the term of the lease

What are Management rights?

Generally apply to management flats, units, apartments, do not apply to caravan parks or motels

What are Add Backs?

Allowable tax items in the owners profit/loss statement that do apply to the purchaser’s running of the business

How much is stamp duty?

Varies depending on the contract amount. Readily available on the internet at stamp duty

 What are the things you should do during Due Diligence?

Checking the boundaries, income against receipts, any requisitions, Town Planning for the correct zoning for the business, also to be aware of pending opposition, Main Roads for any pending resumptions, electrical inspection and the list goes on.