And for business sales, we are for sure not seeing the same crazy hyped market as residential. Business sales did stall somewhat during the height of Covid lockdown but it is really pleasing to see our activity level in both buyer interest and new listings increase steadily. Buyers are confident and they are cautious at the same time. Sellers are needing to consider what they will do in future when they sell, they may be at retirement age or they may see another exceptional business opportunity that they have the skills and experience to take on.
During the Covid times we have seen businesses revenue and profitability escalate, in some cases and in others dramatically reduce. Currently for us as business brokers we are therefore recommending that business owners provide us with updated revenue numbers from April 1 to 30 September and we also require the same period of performance, the year prior to compare. Basing an appraisal on only 2020 and the previous year’s accounts would be unsatisfactory in this current economic climate.
As always– we believe business ownership remains a very viable option for excellent return on investment. We provide obligation free appraisals for those looking to sell.
Please call us on 09 2156499 or