Field Notes from our brokers

Good Businesses Tend to Find Each Other

One thing becoming obvious while building Future Business Brokers is how relationship-driven the SME world really is.

Had a great conversation this week with Sasha from Paramount Conveyancing about local business, referrals and the overlap between business sales and commercial transactions.

What stood out was how similar the core principles are across good businesses:
good communication, responsiveness, trust and long-term relationships.

As we continue building Future Business Brokers, we’re finding that strong relationships are one of the biggest assets in helping business owners navigate sales, transitions and growth decisions.

Definitely happy to add Paramount Conveyancing to our growing partner network for clients needing conveyancing and property support across Victoria.

Always happy connecting with other local businesses across Moonee Ponds, Essendon and Ascot Vale that share similar values and ethics.

Appreciate the conversation Sasha. Looking forward to catching up again soon.

#MelbourneBusiness #SmallBusiness #BusinessBroker #Conveyancing #MooneePonds #Essendon #AscotVale #LocalBusiness #BusinessOwners

Pilates Studios = Big operation

Had a really interesting chat with a founder in the Pilates industry in Melbourne’s inner north this week.

What stood out wasn’t really the fitness side of it.

It was how operational these businesses actually are underneath the branding and social media.

Council permits.
Fit-outs.
Instructor management.
Lease selection.
Pack sales.
Retention.
Culture.
Staffing.

A lot more moving parts than most people probably realise.

A lot of the studios across the inner north and northern suburbs of Melbourne are far more operational businesses than people think.

One thing that also came up was how difficult managing younger teams can sometimes be in service businesses where culture and personality are such a big part of the product.

Interesting space though.

Very relationship driven and clearly the operators who genuinely enjoy the industry tend to last the longest.

#businessbroker #smallbusiness #pilatesstudio #businessowners #melbournebusiness #Pilates #Melbournepilates

Innovation = Future Business Value

Had a chat with a pressure washing business owner in Townsville this week about safety innovation.

Interesting discussion.

Most business owners see safety improvements as a cost.

But when those improvements become documented systems, processes and intellectual property, they can become part of what makes the business valuable.

A buyer is not just buying revenue.

They’re buying the way the business operates.

The more knowledge that lives in the business and not in the owners head, the more attractive it can become.

#smallbusiness #businessowners #businessbroker #businesssystems #exitplanning

Fuel Surcharges and the New Normal

Been chatting with a few business owners this week about fuel surcharges and rising supplier costs.

Interesting thing with business is how easy it is to introduce a new charge during pressure periods.

But once its there, its very hard to remove later.

Temporary costs have a habit of becoming part of the status quo.

Probably best for businesses to plan as if some of these costs are the new norm.

Holding companies make exits easier/smoother for all parties

Talking shop with a trade business owner in Warragul, Victoria this week about holding companies and business sales.

A lot of trade businesses are built around contracts.

The tricky part is buyers often need to buy the actual company itself because changing entities on contracts can trigger procurement reviews or even new tenders. Limits flexibility.

A holding company can be beneficial later. Holding company owns assets & property vs Operating company has the legal contracts with clients & employees etc..

Keep the property.
Keep some machinery.
Sell only what the buyer actually wants.
Or separate the contracts from the assets completely.

Example; New business owner walks into the operating company and services contracts with their own equipment/property.

Stuff most owners never think about when starting a business.

Pay For Good Advice, Early!

I have started and sold 3 businesses in my life and what I know now is good advice is priceless.

Business advisors. Financial planners. Tender writers. Tax specialists. Accountants. Industry professionals.

They are specialists.

Same as the guy fixing your air con on a 40 degree day. You are paying for years of expertise, mistakes and experience before your problem even showed up.

The expensive part is usually not the advisor.

Its getting advice too late.

Can I still sell my business if profits dropped this year?

A weaker trading period does not automatically stop a business from selling.

Buyers usually care more about why profits dropped. A temporary disruption, one-off cost or explainable market issue is very different from a structural decline with no clear recovery path.

The key is preparing the explanation before due diligence starts.

Everything will need an explanation!

Let's Book a Call Together?

If you would like to discuss your situation privately you are welcome to book a confidential call. This is not a valuation and not a sales pitch. It is a chance to understand where you are, what you are aiming for and whether working together makes sense.