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Showing posts from November, 2021

WHAT IS START-UP CAPITAL?: BOOKKEEPING BASICS

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 Hi all, Starting a business can be extremely tiring and draining. However, the most difficult task of them all is getting the required funds to begin operating. There are so many expenses when you start running the business, such as the office lease, fit-out, utilities, stock, supplies, staff, salaries, etc. You cannot use your bank account to pay for all this. Thus, I hired a bookkeeper to understand the right way of getting funds for the business. From government grants to crowdfunding and venture capital, there are many funding sources that the bookkeeper can help in obtaining. Here is an article that will help you get all the info about start-up capital.  Read More: https://www.agibookkeeping.com.au/what-is-start-up-capital-bookkeeping-basics/

Priceline owner API agrees to Wesfarmers buyout

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 Wesfarmers' (ASX: WES) attempt to diversify its retail offering with one of Australia's leading pharmacy chains is one step closer to getting over the line after entering into a scheme implementation deed (SID) to buy all remaining shares in Australian Pharmaceutical Industries (ASX: API). It has now been almost four months since Wesfarmers made its first $680 million bid to buy API, which owns the Priceline brand under a community pharmacy model with 470 stores nationwide. Read More: https://www.businessnewsaustralia.com/articles/priceline-owner-api-agrees-to-wesfarmers-buyout.html

Peter Warren Automotive to acquire Penfold Motor Group for $104m

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 Peter Warren Automotive Holdings (ASX: PWR) is making good on the acquisition strategy outlined in the prospectus for its April 2021 listing, reaching a deal to acquire Melbourne-based family dealership Penfold Motor Group for $104 million. The acquisition is set to give Peter Warren immediate scale in Victoria thanks to Penfold's 10 sites in south and east Melbourne, comprising an $88 million cash payment and $16 million worth of new PWR scrip for the vendors. Read More: https://www.businessnewsaustralia.com/articles/peter-warren-automotive-to-acquire-penfold-motor-group-for--104m.html

Ingenia buys Bellarine resort for $37 million

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 Ingenia Communities (ASX: INA) will soon be the largest owner of holiday parks in Victoria after reaching a $37 million deal to acquire BIG4 Beacon Resort in Queenscliff, changing hands after more than a half-century in family ownership. The 3.2ha property on the Bellarine Peninsula was under contract when Ingenia announced a $475 million capital raise at the start of this month that will go towards around $550 million worth of planned transactions. Ingenia CEO Simon Owen said the iconic holiday park would increase the group's presence and profile in Victoria, while a retainer relationship with the vendor would allow Ingenia to further capitalise on the unique proposition created at BIG4 Beacon across Ingenia’s portfolio. Read More: https://www.businessnewsaustralia.com/articles/ingenia-buys-bellarine-resort-for--37-million.html