The Australian Business Clinic believed that the business performance could be transformed, making it a very attractive proposition for a buyer.
We calculated that this position could be attained within three years, and we provided an opinion on the potential sale price for the business.
We reviewed buying practices, contract labour charges and the method of preparation of accounts to include the cost of sales and a meaningful gross profit resulting from a well-structured sales and expense budget for the following three years. We also helped them better understand the language of accounting and the benefits of a clearer knowledge and significance of monthly financial reporting.
Monthly Accounts are now being managed by Australian Business Clinic.