Get Ready – They are Coming!
The Sunshine State offers affordability, livability, and many lifestyle choices, so it is no surprise that we will see a mass influx of residents relocate from the Southern States post Covid-19. Keen to retain premium lifestyles, “blue chip” businesses will be their target, and they are in short supply.
Enquiry levels for businesses priced in the $1m - $5m sector has been strong. These buyers are commercially minded, cashed up and will do whatever it takes (including 2 weeks quarantine), to secure their dream business.
We recently received two full price offers ($2.5 million) on a newly listed, Disability Accommodation business. The level of buyer enquiry was high, with 25% coming from Southern States. The successful cash offer was from a Sydney based Senior Executive. He and his family are ready to relocate to S.E QLD for a premium business and an unrivalled lifestyle.
Many business owners have wrongly assumed business sales are slow and prices are soft. This is certainly not the case and enterprises with annual net profits of $300K plus are already in high demand. The returns offered will easily eclipse that of property, shares and superannuation.
With thousands on the move to our stunning part of the world, it is an opportune time for business owners to talk to a professional and learn what price is achievable for their business. Commentators are making bold predictions about the business sales market in 2021, timing, location and limited supply are the key factors when appraising in this unique market.
Businesses generating substantial profits and revenue growth during a difficult year can capitalise on perfect market conditions as buyers clearly outnumber sellers.
The opportunity that only knocks once may have arrived, so prepare your business, obtain a qualified appraisal and…
Get Ready - The buyers are coming!