32 | South Australia Simon Winter, Principal of Raine & Horne Business Sales, believes the business sales market is very strong at present – and he adds that rising interest rates could drive the market higher. Simon explains, “The very low interest rates we have seen through the pandemic have seen a lot of funds shift into housing – and indeed, the property market has been a focus of bank lending. “However, during periods of higher rates we typically see an increase in business sales activity as the housing market comes off the boil and both lenders and investors look for other opportunities.” On the supply side, Simon notes that there is a steady supply of business owners across the board who are keen to sell – often underpinned by owners simply wanting a break after navigating the worst of the pandemic, or by owners who had delayed retirement plans through COVID. Summing up the business sales market, Simon says, “We are very bullish over the short to medium term. We believe the business sales market will be solid for some time to come. The number of business being sold is higher than the past two years of the pandemic, and the quality of enterprises being listed for sale is also very good. Moreover, we expect this quality to continue.” Simon Winter simon.winter@bsa.rh.com.au Business Sales
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