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[25.01.08] - Eldridge Properties Director Inducted into the Rotary Club of Wollundry

Earlier this week Wollundry Rotary Club president Neil Pinto inducted Mr Michael Eldridge into the club. Michael spoke briefly to club members thanking all for the opportunity to join and will endeavour to bring a lot to the club. Mr Pinto announced that Michael will be on the Food & Wine Festival Committee as well as the Group Study Exchange Committee.

Michael is proud and excited to have been extended this opportunity to become a part of such an important group within the community of Wagga Wagga. The importance of being one of the youngest inductees of Wollundry Rotary has not escaped Michael who plans to work hard with the club to bring about more awareness of just what we can all do to become more involved with our communities.

House and land packages now avaliable in Wagga Wagga under $220,000

Sound interesting?

Ideal for the first home buyer, hard to find a brand new home at these prices.
A variety of packages avaliable

Call the team now to find out how we can assist you to find the right house and land package.

Sell your property with us and use our Van and trailer to help you move FOR FREE
(conditions apply, call now for more details)

Eldridge Van & Trailer

FREE BUSINESS APPRAISAL

Thinking of selling your business?

Do you know what your business is worth?

We are able to offer you a complimentary, no obligation, objective and professional appraisal of your business.

Due to the intergrated approach to our business your business will benefit. The Eldridge Group Australia have professionals who speacialise in business consulting. Call us now to find more.

10 tips when selling a business

Establish a reasonable expectation of value for your business.
Carry on "business as usual". Don't become so obsessed with the transaction that your attention waivers from day-to-day demands, affecting sales, costs, and profits. Because the selling process can take many months, the buyer needs to keep seeing a healthy business.
Engage experts to ensure confidentiality. A breach of confidentiality surrounding the sale of a business can change the course of the transaction.
Prepare for the sale well in advance. Be sure your records are complete for at least three years back and do all pertinent legal or accounting "housecleaning".
Anticipate information the buyer may request. In order to obtain financing, the buyer will need appraisals on all assets, information to satisfy environmental regulations, monthly sales analysis for cash flow purposes, a long lease etc.
Achieve the highest price through buyer competition. Since this can be tricky, you are wise to let your broker, as a third party, create a competitive situation with buyers, to position you for the best transaction value.
Be flexible. Don't be the kind of seller who wants all-cash at settlement, or who won't accept any contingent payments or an asset transaction. Depend on the advice of your broker and your accountant-with their knowledge of financing and tax implications-to keep the transaction on track.
Negotiate; don't "dominate". You're used to being your own boss, but be prepared to learn that the buyer may be used to having his way too. With your broker's help, decide ahead of time when "to hold" and when to fold.
Keep time from dragging down the deal. To keep momentum up, work with your broker, your accountant, your lawyer and other experts that may be required to be sure that potential buyers stay on a time schedule and that offers move in a timely fashion.
Be willing to stay involved. Even if you are feeling burnt-out, realise that the buyer may want you to stay within arm's reach for a while. Consult with your broker to determine how you can best effect a smooth transition.