The 5 Best Business Brokers in Canberra That’ll Make Your Financial Business Transitions Hassle-Free
Some time ago, a friend approached me asking for advice. He was looking to sell his small business and was wondering if I knew anyone who’d be interested.
As much as I wanted to help, I couldn’t think of anyone to suggest. So I decided to do some research instead and was able to connect him with professionals, specifically business brokers, who could help him out.
Well, recently I found out that the sale was successful and everything went smoothly because of what the brokers did for him. Not only did they find a client who wanted to buy, they handled all the nitty-gritty details of the transaction
So if this sounds like something you and your business are in need of, you’re in luck. Regardless of scale and whether you’re selling or buying, these Canberra business brokers can ensure a seamless process.
How much do business broker services cost in Canberra?
Business brokers typically charge a commission costing 5% to 10% of the final sale price of the business. The exact number largely depends on the size of the business sold, the services required, and how complex the sale is.
1. GSE Hospitality Brokers
Address: 490 Northbourne Avenue, Dickson ACT 2602
Phone: +61 415 243 750
Business Hours:
- Monday to Friday – 9:00 AM to 5:30 PM
- Saturday to Sunday – Closed
GSE Hospitality Brokers is dedicated to assisting the buying and selling of hospitality businesses. Along with over 20 years of experience, their licensed brokers have all bought, operated, and sold businesses so you can trust that they know what works.
Their expertise has allowed them to develop templates, systems, and checklists to make the process easier. Even if you’re a first-time business owner, they’ll present and explain everything thoroughly.
In selling, they believe that preparation is most important. So they offer 1:1 exit planning consultations that’ll help you increase the value of your business exponentially before going on the market.
Once listed, they’ll provide support throughout, including advertising and monitoring. They’ll also check the qualifications of potential buyers and handle negotiations.
The same quality of service goes for those who are looking to buy businesses. They’ll keep you updated with listings and ensure that you’ll be paying the right price.
But because of their specialization in hospitality businesses, they won’t be able to cater to businesses in other industries.
Exceptional broker
“Rob is an exceptional broker. He went above and beyond sourcing me the most suitable deal. Always available, supportive and his knowledge of the hospitality industry is second to none. I highly recommend Rob to anyone looking to get into the industry or wanting to sell there business fast and efficiently.”
– Pe Ge, Google Review
Pleasant and professional
“We can highly recommend Rob after he successfully sold our business recently. Him coming from a hospitality background made all the difference in his understanding of our business and appreciation for its true value, which he was staunchly prepared to defend and achieve and this was reflected in the eventual sales price. Rob was always pleasant and professional to deal with, regularly kept us up to date with interest shown in the business and also during the sales process.Thanks for everything Rob!!”
– Bronwyn Thomson, Google Review
2. Capital Commercial Business Sales
Address: Level 2 Unit 6/80 Emu Bank, Belconnen ACT 2617
Phone: +61 1300 793 690
Business Hours:
- Monday to Friday – 8:30 AM to 7:00 PM
- Saturday – 8:30 AM to 5:00 PM
- Sunday – Closed
Capital Commercial Business Sales has been involved in the successful sale of over a hundred businesses. Part of what makes them ideal is their swiftness and unique fee structure.
They can’t guarantee that your business is going to sell as much as you’d like. But, on the bright side, based on how happy you are with the results, you’ll have the power to decide how much to pay them afterward.
This is possible because they set minimum and maximum fee limits with clients before they handle sales. You also have the option to just pay for the services you require instead of getting their whole package.
Still, most businesses are happy with their service because this broker excels in finding multiple buyers and creating competition. This helps with getting the best price offer and sales terms for your business.
They’re just as helpful when it comes to buyers. Apart from finding great listings, they can also assist you with securing finances by working with local finance brokers.
An absolute professional
“Frank is an absolute professional. We bought our Grocery Store in Mawson ACT via Frank in 2007. We tried to sell it ourselves for close to 2 years before approaching Frank early 2014 – he was able to find us 4 genuine buyers within only a few months and we exited the business without any hassle.”
– Alex Northey, Google Review
Extremely happy with the whole process
“Frank was the exclusive agent selling a Restaurant business I owned. Buyers made enquiries and an outstanding candidate was identified by Frank. This buyer was guided through the legal procedures by Capital Commercial Business Sales, and finalised his purchase in an acceptable timeframe. Frank also deftly negotiated with the Landlord and the sale was completed with stress free handover of the lease. I am extremely happy with the whole selling process involving Frank at Capitalcommercial Business Sales.”
– Ian Lampl, Google Review
3. Summit Business Brokers
Address: 18 Carnegie Crescent, Narrabundah ACT 2604
Phone: +61 418 676 400
Business Hours:
- Monday to Friday – 9:00 AM to 6:00 PM
- Saturday to Sunday – Closed
Although Summit Business Brokers mainly consists of a small team, over 3 decades in the industry have equipped them with the necessary skills in buying and selling businesses.
What’s special about them is that their broker has experience in both business and real estate, allowing them to accurately tell you the price of your business. So from the get-go, you’ll know what to expect from a successful sale.
Many clients also appreciate how they don’t have any exorbitant upfront fees or hidden charges. Instead, they just have an affordable monthly advertising fee and a fixed commission rate once a sale is completed.
They understand how stressful the process is so they provide comprehensive assistance throughout all transactions. They’re very patient, especially with new business owners, and they’ll explain everything efficiently.
They’re also thorough when it comes to finding opportunities. They do extensive research to ensure that you’re getting the best deal so you can be confident with selling or buying.
But their small team may prove to be a hindrance for some.
Made the process easy and smooth
“We spoke with 3 agents and Andrew was genuine from the start and did not over promise rather he took the time to make a thorough assessment and give us his professional appraisal. Andrew sold our business in a very short time frame and made the process easy and smooth for us. If you are looking at selling then do yourselves a favour and contact Andrew and have a chat with him and you will see the difference.”
– Ben Anastassi, Google Review
Would highly recommend
“First time business sale. Was handled professionally but with a friendly manner also. Andrew upheld very efficient communication throughout the process and helped us through an emotional sale with such support. Would highly recommend.”
– Zoe Okely, Google Review
4. Finn Business Sales
Address: Suite 6/61 Dundas Circuit, Phillip ACT 2606
Phone: +61 419 263 014
Business Hours:
- Monday to Friday – 9:00 AM to 5:00 PM
- Saturday to Sunday – Closed
Despite only working with small businesses, Finn Business Sales has one of the largest networks of business brokers across Australia. They have offices across all regions and major cities, including Canberra.
This gives them unmatched access to a selection of businesses that may still be on the way to the market or listed silently. With this, buyers can have an edge against the competition.
Since 2004, they’ve amassed a database of over 35,000 buyers. This means that most businesses that choose to list with them sell quickly and for a good price.
In case you’re still not convinced, they offer a free market appraisal where you can find what your business is valued at in the current market and what to prepare to get a successful sale.
Ultimately, their goal is to guide clients properly to ensure that the outcome of a sale is fair and ideal for both seller and buyer, whichever you may be. Though if you’re trying to put a larger business on the market, you may have to look elsewhere.
Would highly recommend
“Michael and Shane are both very professional and know the marketplace. I would like especially thanks Shane for the sale of my business within 2 months!!! He was there from our first meeting till the day i sold. I would highly recommend Shane if you are looking to sell your business.”
– Mirela Dhimitri, Google Review
Fantastic experience
“We had a fantastic experience working with our broker, Shane Toohey. We found him knowledgeable, professional, and dedicated to helping us find the best buyer for our business. He was always available to answer any questions we had throughout the process.Even during his holidays he was always available when we texted him or called him. If you want to sell your business we recommend Shane Toohey!”
– Aristeidis Diamantis, Google Review
5. IB Networks
Address: 83/101 Lysaght Street, Mitchell ACT 2911
Phone: +61 2 5117 3106
Business Hours:
- Monday to Saturday – 8:00 AM to 7:00 PM
- Sunday – Closed
Above all else, IB Networks believes that collaboration with clients is crucial for a successful sale. They’ll work closely with you to create a tailored plan to sell your business.
This is because they know that each client is different. By customizing the strategy according to your business, they can quickly find the best price offer and the sales terms that’ll fit your objectives.
You can take a peek at their impressive methods by getting their free appraisal. They’ll give you detailed information on the current market, the best methods of sale, and a comprehensive timeline of their sales process.
Clients who choose to move forward with them after this are always happy with the service they get. Although they only have a small team, their communication is excellent with no questions going unanswered.
But this might be something to consider if you’re expecting a larger project.
Buyers will also enjoy having priority alerts with this broker. You’ll be notified immediately of new businesses on sale, even before their listings are finalized online or in print.
Did a brilliant job
“Kagan worked hard, was incredibly personable, always amenable, and touched base often. Selling my business felt like no work at all with IB Networks. Thanks Kagan and team, you do a brilliant job!”
– Kristy Leigh, Google Review
Fantastic support
“Kagan was very knowledgable and provided fantastic support throughout the sales process of my business. He communicated well throughout the process and was always readily available to assist with any queries I had along the way. I would highly recommend him for anyone that needs assistance with their business sale. Thanks again Kagan!”
– Ian Hall, Google Review