The Boston Standard

About you

Full name

Email

Phone

Business name

Business type

Suburb / area

Annual revenue

Timeline to sell

Website

Question 1 of 12

Profit & loss statements for the last 3 financial years, prepared by an accountant?

No, mostly bank-statement records One year only / unaudited spreadsheets Two years, accountant-prepared Three full years, accountant-prepared, lodged with ATO

Question 2 of 12

Owner add-backs (personal expenses, family wages, vehicle, super) clearly documented?

Not separated; mixed with business Some separation, no formal list Documented but not reviewed by accountant Formal add-back schedule, accountant-verified

Question 3 of 12

Sales reconciled month-by-month (POS / invoicing → bank → BAS)?

No reconciliation, cash discrepancies likely Annual reconciliation only Quarterly reconciliation Monthly reconciliation, no unexplained variances

Question 4 of 12

Time left on your current lease (including options)?

Less than 2 years, no option 2–3 years incl. option 4–5 years incl. option 5+ years incl. option, transferable

Question 5 of 12

Has the landlord confirmed they will assign or grant a new lease to a qualified buyer?

No conversation had Verbal only, no written confirmation Landlord supportive, terms not formalised Written confirmation or clean assignment clause

Question 6 of 12

If you took 4 weeks off, would the business run without you?

No, would close or lose major revenue Would survive but customers/suppliers would notice Runs day-to-day but I handle key relationships Runs fully without me; documented procedures

Question 7 of 12

Are key supplier and customer relationships held in the business name (not yours personally)?

All relationships are personal to me Mostly personal, some business Mostly business, some personal carry-over All relationships in the business name

Question 8 of 12

Written employment contracts and current position descriptions for all staff?

No written contracts Some contracts, none current Most staff have current contracts All staff have current, signed, compliant contracts

Question 9 of 12

Documented operations manual or written procedures for day-to-day running?

Nothing written; it's all in my head A few procedures written down informally Most key procedures documented Full operations manual; new owner could follow it from day 1

Question 10 of 12

Up to date with Fair Work — superannuation, leave entitlements, modern award rates?

Not confident; possible underpayments Generally compliant, no formal audit Regularly reviewed by bookkeeper Recent Fair Work / accountant audit, all clear

Question 11 of 12

Are all licences, permits and registrations current and transferable?

Some lapsed or in personal name only Most current, transferability unknown All current, some require buyer to reapply All current, all transferable

Question 12 of 12

Single organised place (folder, drive, data room) where these documents live?

Documents scattered across email, paper, devices Some folders, not complete Mostly organised, would need a tidy-up Indexed folder ready to share today

The Boston Standard — Readiness Score

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