Why Now Is the Best Time to Sell Your Business

Buyers are here on the Sunshine Coast in their droves, cashed up with strong appetites for well established businesses with key staff in place and attractive profitability. Astute buyers realise just like the current residential market, competition for businesses is fierce, there are few quality opportunities on the market, and they’ll pay premium money for quality businesses.

This is the perfect scenario for those business owners who are looking to retire from working life. Clearly, we are now at the top of the selling cycle, interest rates are still at record lows, interstate migration is booming, investment into infrastructure is unprecedented and will continue until the 2032 Olympic games. These drivers combined is boosting buyer confidence.

Demand will be diluted though as more opportunities will come to market in the near future. More than 50% of business owners are in the baby boomer category, meaning the youngest are not far from their 60’s and the eldest boomers are now over 75 years of age, so retirement is just a matter of time for many of them.

Timing is everything in business sales, so, if you are contemplating selling, get in while the market is hot.

Retired and living on the Sunshine Coast… surely life doesn’t get any better than that!