You must have ready and up to date all documentation that will be required – not just for the buyer, but also for their accountant, financier and solicitor ( Essential documents to keep up to date)

• Ensure where possible you have accountant prepared financial statements ideally for 3-5 years. These may include
  • Profit and loss trading statements
  • Balance sheets
  • BAS statements
  • Tax returns
• Having draft figures for part periods are fine especially these days if via XERO or MYOB
• Have an up to date detailed list of all assets included in the sale
• Have on hand a copy of the lease along with any disclosure statements and recent rent invoices showing the rent/outgoings and GST for a period usually monthly

There is much more information that you will want to have ready for a buyer that would be part of an information memorandum but essentially the financials which carry much weight in the buyers decision need time to prepare and keep up to date.