The 5 top business brokers on the Gold Coast every entrepreneur wants
The Gold Coast isn’t just known for its beaches; it’s also a thriving hub for various industries.
The city has seen a surge in new businesses in recent years as people have tried to meet its growing demands. In turn, it has also experienced increased property transactions as more national and foreign business owners have tapped into the Gold Coast market.
If you’re looking to step into this scene, you’ve found the right article.
To help you with your first steps, here are some of the Gold Coast’s top business brokers who are willing to guide you through your future business property transactions.
How much does it cost to hire a business broker on the Gold Coast?
Hiring a business broker can cost around 5% to 10% of the property’s total price on the Gold Coast. For the total property price, the business’s location, condition, size, and market demand can affect its full value.
1. Transworld Business Advisors Gold Coast
Location: Level 13/50 Cavill Ave, Surfers Paradise
Contact: [email protected], +61 7 5635 4405
Hours: Monday to Friday: 8:30 AM – 5:00 PM
As one of the more developed areas in the city, Surfers Paradise is a haven for small to medium-sized businesses. And when it comes to business property transactions in the area, there’s no better option than Transworld Business Advisors.
Internationally recognized with hundreds of successful property sales, clients can rest assured that Transworld’s business brokers will offer a seamless and fast transaction no matter the complexity.
Talking with some of Transworld’s previous clients, our team was blown away by the brokers’ expertise in property sales with franchisors and landlords—situations that often involved a lot of headaches.
The company’s communication is fantastic too. The brokers reportedly updated their clients regularly and even accepted suggestions for proceeding with the transaction.
Transworld brokers even try to fully understand the type of business their clients want to buy or sell to ensure they can offer the best opportunity on the market.
Despite its less budget-friendly services, the comfort of Transworld’s services can be worth every penny spent.
Exceeded expectations
“We highly recommend Jim Roddy at Transworld. He exceeded all our expectations to help us sell our business. He genuinely wants the best outcome for us and the buyer and was responsive to all our queries.”
– Dominic Alberth, Google Review
A pragmatic approach
“Buying from interstate was no problem for me with Tony always quick to get information that I required and to assist in setting up my business model in Qld.
[He has] a pragmatic approach to getting things done and genuinely cares about the buyers, staying in touch and even helping in the initial changeover period.”
– Gurpreet Jandu, Google Review
2. Morgan Business Sales
Location: 2/194 Varsity Parade, Varsity Lakes
Contact: [email protected], 1300 577 297
Hours: Monday to Friday: 9:00 AM – 5:00 PM
As Queensland’s 2024 Broker of the Year, this list wouldn’t be complete without including Morgan Business Sales. With nearly three decades of experience in the industry, the company has a proven track record in handling property transfers for big enterprises.
Morgan has designed its platforms for corporate giants and overseas entrepreneurs to find established businesses to acquire as they expand on the Gold Coast.
For the same reason, Morgan’s services wouldn’t be as effective for small and medium-sized businesses as they are for multi-million-dollar properties.
Smaller businesses would have lower revenue and profits and have a harder time receiving bids from its listings due to the corporate entities it usually curates to.
That said, entrepreneurs looking to start big can still hire the broker’s services if they’re willing to take some financial risks to stand out.
Morgan provides amazing advice on loans and license approvals to help non-Gold Coast companies and startups handle the huge costs of operating in the city.
The loans will help small businesses have all the necessary tools and facilities to attract potential bidders, even on a platform as competitive as its business listings.
The property agent updates their clients post-settlement to ensure no issues arise after the transaction.
Made transactions much easier
“As a first-time buyer, I could not be happier with Brendan Morgan. He helped guide the way through the confusing process, even post-settlement where many agents would see the deal as done and you’d never hear from them again.
He has also fostered an excellent relationship between the sellers and us[,] which made the transition much easier.”
– Ben Nobbs, Google Review
Prompt and thorough
“Brendan called us within a day of first contact. [We] couldn’t have asked for [a] better agent. Always prompt, thorough, friendly, and totally approachable. Very very happy with the whole process.”
– Julie McDonald, Google Review
3. LINK Business Brokers
Location: The Chancellor Apartments, The Atrium, 15 Lake St, Varsity Lakes
Contact: [email protected], +61 7 5572 2122, 1300 763 668
Hours: Monday to Friday: 9:00 AM – 4:00 PM
LINK Business Brokers is a renowned franchise with long-standing ties with various industries in the US, New Zealand, and Australia.
For its wealth of connections, it’s no wonder the company covers many business markets on the Gold Coast. From local establishments to healthcare facilities, LINK has something to offer buyers.
Of course, reputation and connections aren’t LINK’s only selling points.
Its brokers get down to the nitty-gritty details of the business to ensure no issues arise after the transaction. They even do regular check-ups with the buyers post-settlement.
Unfortunately, the same can’t be said for sellers. Clients looking to sell properties via LINK can expect delays, meaning additional charges.
These charges primarily include building maintenance costs and license validations—expenses that could escalate as more months pass.
Communication might also slow down as time passes, although agents still provide regular updates regarding new buyers at least once a month.
While this might be stressful to some, LINK agents are trained to stick with their clients until a final decision about the property is reached.
Tremendous assistance
“I am very grateful to Sonia Van Der Merwe of Link Business Brokers, Varsity Lakes office, for her hard work, dedication, knowledge, experience, and tremendous assistance she provided me in selling my business.
This is my second business dealing with Sonia. In both cases, the processes went smoothly, achieving prices to my satisfaction.”
– Anatoly Vinokur, Google Review
Accommodating and efficient
“We recently purchased [an] IGA Local Grocer shop from Graham and his team. We must admit how accommodating and efficient the team has been.
We moved from New Zealand with this business and they made it feel like a breeze. It has been nearly a month now since we [took] ownership of the business and Graham has checked in several times if we are OK.”
– Rahul Kumar, Google Review
4. Benchmark Business Brokers Gold Coast
Location: 166 Ashmore Rd, Benowa
Contact: [email protected], 1300 366 521
Hours: Monday to Friday: 8:00 AM – 5:00 PM
Right in the center of the busy streets of Benowa and Bundall, clients using Benchmark Business Brokers’ services would have no shortage of options.
We particularly loved the company’s property valuation services. It gives business owners essential industry advice to make their properties competitive in the current market.
This is in addition to the partnership buyouts, resumption, and stamp duty services it offers—all attended by qualified business valuers with years of experience in the industry.
We also appreciate the business agent’s efforts in helping clients, especially first-timers, prepare the necessary documents before listing the property. This is to avoid any issues or delays during and after the negotiation and settlement processes.
The downside with Benchmark is that its service wouldn’t suit bigger businesses. Small to medium-sized establishments would benefit more from the company where most of its services are focused.
Benchmark’s property listings and consultations are aimed at smaller commercial properties like local supermarkets, service stations, childcare centers, and development sites.
Bigger businesses would have a harder time receiving reasonable offers from smaller startups and new entrepreneurs—its usual buyer clients.
Some clients may also encounter challenges in requesting an in-person inspection of the property. However, these cases are few and can easily be resolved by contacting the company’s customer service.
Made negotiations easy
“We have just sold our business through the services of Benchmark, and couldn’t be happier. Sam, our broker was diligent and worked hard to get us the sale. His calm demeanor was certainly an asset when the negotiations were in [a] swing.”
– Sandra Glynn, Google Review
Thorough from start to finish
“My husband and I recently sold our Business through Ian Salter at Benchmark. From start to finish, Ian was always available and guiding us through the process[,] ensuring we had everything in place for a potential buyer at the beginning and then guiding us through the sale.
He always kept us up to date with the progress of the sale whether it be a phone call a text or an email. His professionalism was outstanding and knowledge of the whole process was extremely helpful to have Ian’s guidance in the process to the day of settlement.”
– Donna Carroll, Google Review
5. Better Business Sales
Location: 2903/5 Lawson St, Southport
Contact: [email protected], 07 55 640 660, 0438 766 100
Hours:
- Monday to Friday: 8:30 AM – 4:30 PM
- Saturday to Sunday: 10:00 AM – 3:00 PM
Better Business Sales covers all sorts of business industries on the Gold Coast. This includes entertainment, retail, and automotive establishments.
We found it particularly interesting that all of Better’s sales agents are successful business owners. Clients can rest assured that their agents know the industry’s ins and outs and will provide experienced advice for better sales or purchase opportunities.
Moreover, we also can’t help but appreciate the agents’ commitment to their clients throughout the process.
Several previous customers we interviewed testified to Better’s communication services in keeping all parties in the loop during and after the settlement.
The only downside to the company’s services is that it’s more targeted towards sellers than buyers. Sellers are likely to benefit more from Better’s advisory and valuation services than property buyers, who are typically foreign entities.
Better’s property listing primarily includes local businesses, all having selling pitches targeted toward out-of-state entrepreneurs looking to expand operations on the Gold Coast.
The only few commercial properties marketed towards local business owners are location sales for franchisors planning to open new branches in the city. This is in addition to its exclusive license approval assistance services, packages only sellers can benefit from.
Made selling seamless and stress-free
“Just a quick line for Better Business brokers. We dealt with Howard in selling our salon. He knows how businesses work and [made] it more seamless [to sell] your business and less complicated.”
– Heather Cooney, Google Review
Effortless transaction
“We had the most fabulous experience working with the team at Better Business Sales to sell our business. Howard has a wealth of experience and has made transactions effortless. The team [is] professional and friendly and [gives] you a genuine customer service experience.”
– Debra Oliver, Google Review