The Market is about to Peak
August 2023 - As we near the end of Winter, we are entering into of the peak selling periods for businesses of Spring & Summer.
Savvy business owners who are looking to exit are rushing to complete their financials as they understand timing is everything and the market is clearly in favour of the sellers.
As of August 1st, all of our listings are Under Contract, aside from 4, but with more and more local and interstate buyers coming to the market, I can assure you those 4 won’t last long! Solid businesses are achieving massive enquiry rates that have not been seen in decades.
Covid decimated business sales in FY2021, however since then, migration to the Sunshine Coast has been unprecedented which of course dramatically increased the demand for quality businesses.
As sales surged in financial year ‘23, the average sale price Savvy achieved increased to an impressive $1,450,000. As a guide, this level of investment will yield profits for a working owner of circa $450,000 - $500 000 per annum.
The demand is due to people moving to the Sunny State to capitalise on a better lifestyle. Many are too young to retire and have no desire to seek employment, so they look for solid low risk opportunities that have key staff/management in place who are capable of running the business in the owner’s absence.
With a reputation for achieving exceptional results, you can trust Savvy Business to provide professional preparation and marketing, unquestionable ethics and constant updates and communication when you sell with us.
Most importantly you have our commitment in doing everything possible to get you the very best results possible for your business…with the least amount of stress and complexities!
Specialising in helping retiring owners of medium to large businesses, you will be pleasantly surprised what can be achieved in this highly favourable market.