Standard Requirements of Financiers

The financier will generally require the following when assessing your application.

  • Copies of both contracts (Unit & Business).
  • Copy of Management and Letting Agreements. 
  • Last year's Profit and Loss statement on business being purchased.
  • Verification report if held. (Approval maybe sort subject to satisfactory completion.) 
  • Your personal &/or business tax returns for the past two years.
  • Projected monthly cash flow.- not all banks require. 
  • Brief Resume - Detailing your associated experience/expertise for management rights.
  • Signed statement of Assets and Liabilities. 
  • Privacy Act consent forms to obtain credit checks.
  • Certified copies of identification documents - passport and drivers licence.

"We felt Barry looked after our interests and were comfortable that he sourced and obtained a competitive deal with the bank. We would not hesitate in recommending Barry to any potential purchaser of a management rights business."

Craig & Robyn Brissett - Akama Resort, Hervey Bay