It is important that you have all the right information and details available before you start to market the business.  A business well prepared for sale will sell more quickly. As part of our service, we will assist you in the preparation of this information and once again it needs to be presented in the right way with the right information. This information is also required to establish the selling price for the business and certain calculations need to be made to work out the true net profit of the business.  Items you should have available are: Profit and Loss accounts from the previous 2 to 4 years. Identify and quantify abnormal and/or non-recurring costs in accounts. Identify all items of personal and drawings nature. Copies of internal accounting reports for year to date and/or GST returns if available. Copy of the lease. Brochures or information on your product or service. Background on the business. Staff details. List of plant and equipment and any equipment leases. Copy of franchise agreement if a franchise business. Make sure the financial information is current and accurate.  If you’re selling halfway through the year, you could get your accountant to prepare half-year accounts for the purpose of selling.