Ken Burgin has another conversation with Paul Leach, a business broker and the director of GSE Business Consultants. He’s sold nine of his own food businesses over the last 24 years, and has learnt a thing or two about how the sale process works, and the value of having your business ‘ready to sell’ at any time.

We discussed the importance of having well-documented systems and processes, and the value of cloud-based systems that make it easy for a purchaser to verify figures (eg Point of Sale, accounting, rostering and bookings). We also talked about the importance of a good long lease, and the many small things that make a business attractive to a potential buyer. Paul had buyers making unsolicited offers for some of his businesses – maybe that could happen for you too!

Listen to the other great interview with Paul Leach on How to Sell Your Business for the Best Price.

Subscribe to listen to more Profitable Hospitality podcasts on iTunesSoundcloudStitcher, or add our RSS link to your app of choice.