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How To Buy A Business On Eden Exchange

user imageEden Exchange
December 16, 2022

To put it bluntly, before we arrived on the scene buying a business was seen as a fragmented nightmare. Having to wrangle brokers, finance people, advisors, realtors, and communicate with the seller - not to mention the inflated costs that came with it - was a near impossible task.

Businesses would be on the market for months if not years, sitting idle while potential buyers would be put through an elongated, costly process only to change their mind or opt against purchasing the business altogether due to sheer frustration.

For too long Australians were crying out for an alternative that streamlined the entire business buying process, reduced those exorbitant costs, and honestly, just made it a worthwhile venture in general.

And that’s when Eden Exchange arrived on the scene.

We pioneered a revolutionary platform that brings buyers, sellers, brokers, financiers, realtors, advisors, and any other relevant party, together under one roof to complete the entire end-to-end deal completely online.

In fact, to date we have successfully facilitated over 15,000 business transactions from start to finish, generating over $500 million in business sales and making countless dreams come true in the process.

And with over $6B worth of opportunities currently listed on Eden Exchange, you could be just a few clicks away from finding your perfect business match!

 

But there’s one thing you need to do before committing to buying a business, and that is conduct due diligence. 

 

What is Due Diligence?

Due Diligence is the process of a buyer reviewing and verifying documents and information provided by the seller about their business. This could encompass examining the business’ records, online searches, inspecting its premises and physical assets – just to name a few.

This is a complex investigation that requires sound analysis of all aspects of the business, from financial statements to employment, customer relationships, taxation requirements and more.

For more information on how to conduct due diligence and what to look for, plus some helpful tips for our experts, check out our article ‘Before You Buy A Business, There’s One Thing You Need To Know.’

Once you’ve successfully conducted due diligence on a business you’re interested in, if you haven’t done so already, it’s time to sign up for an Eden Exchange Buyer account.

 

Step 1. Create & Verify Your Account

If you haven’t already, click here to create your free Eden Exchange account.

From there, you will need to select your role (i.e Buyer), and register your account using your email address or your social network account of choice (i.e. Facebook, LinkedIn, Google or Twitter).

Using the email address you signed up with or the one linked to your social media account, you’ll be sent a verification code to confirm your identity. 

This will also allow you access to your own Eden account and get in touch with sellers directly.

 

 

Step 2. Fill Out Your Preferences

Following verification, you will be instantly directed to your Eden Exchange Buyer dashboard where you can view your favourite opportunities, explore finance options, browse Million Dollar Listings and so much more!

However, to ensure we match you with the most suitable business opportunities, you’ll need to tell us more about your buying preferences.

While viewing your dashboard, click ‘Go to My Profile page’ or click ‘Edit My Profile’ under your profile name icon in the top right corner.  and scroll down until you see the ‘My Preferences' section.

 

Here, you will be able to tell us:

  • You price range
  • The type of business opportunities you’re looking for (i.e. standalone business or a franchise for sale)
  • Your preferred location
  • And industries of interest