State of the Market
So far this year we have found the main issue with matching buyers and sellers has been the matching of their expectations. It seems that, even with so much press about the Global Financial Crisis (“GFC”), sellers continue to have unreasonable sale price expectations on their business. Vendors have worked very hard building their business to their current condition. They expect that the sale price is what a similar business would have been pre GFC.
This year we have seen an uplift in the number of businesses coming on the market for sale. Combined with poor lending conditions from the GFC, has placed severe pressure on price expectations. With an expectation of a continual strong influx of businesses coming up for sale, buyers will have a large pool of potential acquisitions to chose from.
To ensure your Business achieves maximum sale price ensure it is in great shape before going to market. Talk to us today to see how we can assist you to achieve maximum sale price for your Business.