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About Us

LK Business Brokers

LKBB is a business broking firm specializing in the sales and purchases of small to medium businesses and commercial properties. We have extensive experience in dealing with all kinds of business transactions and understand the impact the transition of a business can make to your life.

At LKBB we have a philosophy based on integrity, professionalism, knowledge and expertise. We strive to attain the best results for both selling and buying parties in a professional and timely manner.

We also have a broad database of buyers who have expressed interest in a range of businesses and industry categories which we are able to match against your business. Many of these buyers are ready to purchase and actively seeking to acquire businesses.

Our broker’s primary objective is to professionally market your business and achieve an optimum sale value while you continue to run the business and enhance its value.

Free business appraisals

We assess your business and its likely worth in the current market, to provide you with a recommended sale price.

Marketing your business for sale

We subscribe to all leading business for sale websites as well as using our extensive database of buyers.

Qualifying buyers to save you time

We qualify buyers by conducting a pre inspection interview in order to find out exactly what the buyers needs and wants are so that we could establish the right business for them.

Assistance in the negotiation process

We assist in the negotiation process. This is a very sensitive process and we aim to deal with this process in the most professional manner.

Selling your business for the right price

Receiving the best outcome for your business is one of our main priorities and we have several different ways we look at in order to properly evaluate your business. It is important for us to get all the financials available to best determine the selling price.

As selling a business is relatively different from selling a house there are many more factors that are involved and unlike for houses we cannot use the comparable process. There a several different factors that will need to be taken into account such as lease, rent, fit out, takings, staff, trading hours and goodwill.

What LKBB believes in

Our main mission is to continue to be committed to enhancing the quality of high performance throughout our work as LKBB is passionate about achieving the best possible outcomes. We also expect individual and team accountability and we encourage innovation. Our values at LKBB are respect, integrity and working together.

“Selling your business is our business”

 

Private Sale VS LKBB

Advertising on 10 Business for sale websites: Private Sale 6 months Private Sale 12 months Our Services
www.anybusiness.com.au not available not available Subscription
www.business2sell.com.au $200 + gst $580 + gst Subscription
www.realestate1.com.au not available not available Subscription
www.buybusiness.com $72 + gst $144 + gst Subscription
www.bizclassifieds.com.au $69 + gst $89 + gst Subscription
www.businessesview.com.au not available not available Subscription
www.businessesforsale.com $299 + gst $598 + gst Subscription
www.Bsale.com.au $198 + gst $396 + gst Subscription
www.ibbcorp.com.au not available not available Subscription
www.lkbb.com.au not available not available Subscription
Total per listing approx. $900 per annum
Copywriting/ Ad write up Vendor must prepare Vendor must prepare 2 hours x $220 per hour = $440
Uploading the ad to all websites individually Vendor Vendor 2 hours x $220 per hour = $440
Preparation of Financials & Addback Schedule Min $800 – $1,500 using an accountant $800 – $1,500 min. using an accountant 2 hours x $220 per hour = $440
Preparation of Heads Of Agreement and a draft copy of the Contract of Sale for your solicitor Min $2,500 – $8,500 using a solicitor Min $2,500 – $8,500 using a solicitor 2 hours x $220 per hour = $440
Preparation of Information Memorandum This document takes a long time to prepare. Most vendors don’t have the time to do it. This document takes a long time to prepare. Most vendors don’t have the time to do it. 8 hours x $220 per hour= $1,760
Email marketing campaign to Database of 2,500 + buyers database not available not available 4 hours x $220 per hour = $880
Email Campaign to internal network of contacts & referrals.Accountants, solicitors, migration agents, affiliate business brokers not available not available 2 hours x $220 per hour = $440
Total $4,138 – $10,838 $5,107 – $11,807 $5,740 + gst

“Not available” means: (Must be a broker to advertise. No private ads).

Listing/ Admin Fee

Bronze package- $750 + gst

3 months Exclusive Authority.
Your ad will appear on Australia’s leading Business for Sale websites:
(Standard listing)

www.lkbb.com.au www.bizclassifieds.com.au
 www.ibbcorp.com.au www.business2sell.com.au

Silver package- $1,500 + gst

3 months Exclusive Authority.
Your ad will appear on Australia’s leading Business for Sale websites:
(Standard listing)

www.anybusiness.com.au www.bizclassifieds.com.au
www.businessesview.com  www.ibbcorp.com.au
www.lkbb.com.au www.bsale.com.au

Gold package- $2,500 + gst  (Normally $5,740 + gst)

3 months Exclusive Authority.
Your ad will appear on Australia’s leading Business for Sale websites:
(Standard listing)

We also place your ad in the Chinese newspaper at agent’s discretion. Social media including Facebook and LinkedIn, plus many other 3rd party business for sale websites.

Our services included in the admin/ listing fee, but not limited to:

Full brokerage service Handle all enquiries and actively seek buyers
Min 3 month Exclusive Contract Get potential buyers to sign confidentiality agreements prior to giving out information
Appraise sale price of business for sale Unlimited buyer inspections
Copy writing/ Ad write up Unlimited phone calls
Write up a Business info Memorandum document. Negotiate on vendors behalf
List business on all internet websites Draft a “Heads of Agreement” offer to purchase document
Email marketing campaign to database & to internal network of contacts and referrals Liaise with accountants and solicitors on vendor’s behalf
Email you weekly website performance reports Receive a 10% deposit into Agency statutory trust A/C
Change and update ads as needed See through the successful sale of your business

 

Platinum package- $5,000 + gst  (Normally $8,911 + gst)

6 months Exclusive Authority.

You get the same as bronze package plus the following websites as premium listings:

Anybusiness.com.au (Diamond ad) 90 days $250 + gst
Businessesview.com.au Featured ad for 90 days $154 + gst
Daily Chinese Herald (3 line ad in Chinese) for 90 days $165 + gst
Businessesforsale.com (premium ad) for 90 days $102 + gst
Total advertising for 90 days approx. $671 + gst

 

Black package- $7,500 + gst   (Normally $12,753 + gst)

Exclusive Authority. Until sold. No additional fees.

You get the same as Silver package plus the following websites as premium listings for 6 months:

Anybusiness.com.au (Diamond ad) 180 days $500 + gst
Businessesview.com.au Featured ad for 180 days $330 + gst
Daily Chinese Herald (3 line ad in Chinese) for 180 days $500 + gst
Businessesforsale.com (premium ad) for 180 days $204 + gst
Total advertising for 90 days approx. $1,342 + gst

Here’s a few points to think about…

Selling privately VS Selling with LKBB
No selling experience or very minimal Over 10 years of experience
No transactions or minimal Hundreds of transactions
Must run your business while trying to sell This is what we do every day…

 

Takes focus away from your business which results in less time spent in the business. Risk Sales to decrease, quality and customer focus. You keep driving your business and we focus on selling it
Risk of abnormal behaviour around staff, customers and suppliers – raising suspicion and risk of losing staff, customers and existing trade agreements. We work off-site and report to you via email and phone with feedback and offers to avoid suspicion.
Risk of competition finding out. We have buyers sign a confidentiality agreement and run checks to protect the goodwill of the business.

 

Negotiation process Our negotiating experience
Inexperience at the negotiation table may make you feel pressured to accept the first offer which may be far from your desired or the best possible offer. and ability to buffer you from direct emotional combat with buyers allows us to present the best final offer.

 

Your solicitor is ONLY able to speak to yourself and the buyer’s solicitor. We are the only party who can speak to all parties including your solicitor, the buyers solicitor, landlord, landlords solicitor, both accountants, lenders, real estate agents etc. As it’s in your and our best interest to make sure the sale goes through.
They may not actively chase up a response from the other party and may not be privy to potential problems elsewhere. As we are in contact with everyone, we are able to see all angles and anticipate problems, and offer an equitable solution.
They may not actively chase up a response from the other party and may not be privy to potential problems elsewhere. We are the common point of contact and can actively chase up all parties for a response and keep everyone moving in the same direction.
You may not be in touch with the market and may lose out on a sale as you are waiting for the impossible. We are in touch with buyers every day and aware of changes to buyers expectations and market conditions.
You chasing Buyers may appear desperate. We can chase Buyers without looking desperate.
You are relying on yourself to complete the sale through settlement. We hold your hand and the Buyers hand through the process to settlement.

 

LK Business Brokers – LKBB

Address: Ground Floor 54 St Kilda Road. St Kilda 3182
Phone No : 1300 315 223
Website : www.lkbb.com.au
Email : info@lkbb.com.au

For a confidential discussion please call us on 1300 315 223