Yes, it is. Common sense prevails when running an inspection for your commercial property or business location. Our suggestion is that you take down some form of ID before you allow people to inspect your business or commercial property. You have the right to ask for full identification. A serious buyer or potential tenant should not have any objection to offering full identification. If you’re concerned about any of the legal and documentation side of selling your business or commercial property, we can point you in the right direction to get the right advice about what you should be doing. We’ll make sure that you’ve got it all sorted and can help ensure you get a secure deal.

Yes, you are obliged to have a legal representative to help you prepare documents and finalise the deal! As such, we’re not entitled to provide any legal advice in relation to the sale of your business or commercial property

Selling your business or commercial property though privately saves you thousands of dollars. On average, broker/agent’s commission across Australia is approximately 7% to 10% of the sale price. So, if you are selling an asset worth $500,000, you stand to save $35,000 (plus GST). On top of that, an agent will also charge you far more for the marketing campaign, usually in the thousands.  With Business Promote it’s a once-off cost! There are no concealed fees, there are no monthly fees and there is no commission! Check out our business selling packages and commercial property sale packages.

No, you don’t need to be a salesperson to sell your own business or commercial property. Remember this – no one has better knowledge about your business/property than you. Buyers find it very uplifting dealing directly with an owner. It is more about proficiency in communication than sales. Also, when you are dealing directly with purchasers, you only have ONE business/property to sell. An agent has other similar businesses/properties on their books to show their buyers, which means they might not always have your best interest in mind.

Selling privately does not necessarily have to take up too much time or be a complex task. Certainily you will be handling all buyer enquiries and yes it takes some time and effort,but think of all the thousands of dollars in commission you will save. And you also have control of your sale from beginning to end. These days many Australians are choosing to sell privately and if it were a difficult process, this would certainly not be the case. Business Promote are also there to hold your hand through the process. If you have any questions about advertising, answering enquiries or negotiating your sale, you are encouraged to call or email us during our business hours.

There are prospective purchasers coming into the market on a daily basis! Some purchasers need to buy straight away while some have time on their hands to find their ideal business or commercial property. Traditionally Spring is regarded as a good market in which to sell. This is more often a myth than a fact. With more on the market during Spring, buyers have more choice, which might not be a good thing when selling your asset. The state of the economy can also have an effect on the market place: A steady economy means steady buyers and sellers. As the median price for property goes up, more buyers enter the market. Listing with Business Promote alleviates the pressure. Our, listing packages involve a once-off payment and your property remains listed until a purchase takes place. You can alter your price range to match the market, even after it’s published.

You might have an ideal price in mind for your business or commercial property. If you’re a little unsure, it’s often best to discuss this with your accountant. The value of your business or property is determined by what a buyer is happy to pay on the day. Your goal is to get as many buyers interested as possible at the same time. This puts you in a better negotiating position. The way to achieve this is through a solid marketing campaign. Choose the most affordable package for you. Each package provides additional exposure on the selected websites, with the Platinum Package providing the highest number of websites. If you’re still unsure about how to get the best price or which package to choose, give us a call and we can make some suggestions.

The Contract of Sale is a legally binding agreement between a seller and a buyer. A Contract of Sale is different to a ‘Vendor Statement” but they are generally combined into one document to give to interested buyers. It is best to use a local conveyancer or solicitor who has standard documentation available, which is then adapted to match your particular sale. Each state in Australia has individual rules and methods of presenting a Vendors Statement. This is why it is advisable to engage the services local conveyancer or solicitor. Also ask them to supply a soft copy, as buyers may request this. It is best to get the contract of sale in place as soon as possible so that you are available to give it to prospective buyers on the same day that they request them.

This is one of the biggest fallacies that agents promote! If you were looking to buy, would you wait for agent to let you know about a business or property or would you rather be actively seeking a businesses and property on portals such as CommercialRealEstate.com.au and Seekcommercial.com.au? Buyers don’t passively wait for an agent to advise them about a business or property. They are out there actively doing their own research via the portals. By purchasing one of our packages, we will promote your business or property on various Australian portals such as SeekBusiness.com.au, bsale.com.au, AnyBusiness.com.au, and CommercialRealEstate.com.au for one low price and it will remain on most of those sites until such time as it is sold. What’s more – at Business Promote we have a buyer alert feature where we encourage buyers to register their personal details and property and business criteria that they are looking for. When a suitable property or business comes on the market, those buyers do get notified via email. As a seller, you will also be notified if there are suitable buyers for your property or business. We currently have thousands of buyers registered with us looking across Australia, so we actually have a database too!

Yes is it completely legal to sell privately. There is no law that prohibits owners from selling their own businesses or properties privately without an agent!

This is dependent on many aspects such as demand for a location, the price that you are asking and your exposure. As a rule, Agents like to keep your listing for at least 3 months. The logic behind this is that they are unsure as to the time frame of selling your commercial property or business. If you are in a position that you HAVE to sell straight way, then we suggest conducting the STRONGEST campaign that you can to achieve the MAXIMUM EXPOSURE you can in the shortest time possible. If this is the situation in which you find yourself, contact us for a free, no obligation discussion. If however you do not have to sell straight away, then the time frame is entirely up to you. Whether you are in a hurry or not, it is vital that you aim to achieve the best exposure and value for money possible. The several packages we offer let you make up your mind as to what’s best for your needs.

Business Promote has been a sustainable business since 1999. It’s simple our package prices are based on high volume and low profit. This means that our customers can sell privately at a very economical cost. When choosing a private seller company, it is important to check the longevity and sustainability of that company. Over the years, numerous businesses have been launched, taken money and then folded. Business Promote is an official subscriber to all the portals that are advertised on our site and we are here to support your sale.