So what makes a business healthy? Ken Burgin talked about this with broker Dan Levitus of Linked Business Brokers – he specialises in the sale of cafes, restaurants and foodservice operations, and there’s not much he hasn’t seen!
Financial health is a key element, not only the income and expenses, but how well information is recorded and the likelihood of good sales continuing. We also talked about the owner’s role in the operation, and how well systems are recorded and ready for use. Plus the vital importance of the lease and having premises that are ‘fit for purpose’. If you’re thinking about selling your business, or how to increase it’s value, this is information you can take to the bank!