Most micro, small, and medium businesses in Australia are sold via asset purchase. This method provides a clear transfer of ownership and is typically the most straightforward option.
In an asset sale, the buyer is acquiring business assets including:
In most cases, this approach results in a clean handover and avoids complications from historic liabilities.
Some supply or service contracts may need to be renegotiated. This is usually manageable with minimal disruption.
Your Business Broker can provide clear documentation on exactly what is included in the sale.
Note: Sales classified as a going concern are typically exempt from GST. However, stamp duty may still apply depending on the state and sale terms.