While browsing the adverts in the Australasian Business Sales & Migration Guide, you may have noticed the abbreviations “WIWO” and “+ SAV” after each asking price. Â In case you’re dying of curiosity, we’ve put together a simple guide to help you break the code.
WIWO
Walk In Walk Out. Â After the buyer has paid the agreed amount, he or she walks into the business on the day of changeover, takes the keys from the seller, and the seller walks out. Â This is the simplest form of business sale, and it means everything is included in the sale price. Â The amount the buyer pays is inclusive of all plant and equipment, goodwill and stock.
SAV
Stock At Valuation. Â If you see “+ SAV”, it means the stock is separate from the sale price. Â This refers to all stock that will be provided or carried over in the purchase of the business. Â The value of the stock is estimated when the buyer makes the original offer to purchase, with the exact amount to be established by an independent stock take at the time of settlement.
So now you know!
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