Simon Winter of Business Sales SA reports that the first half of 2023/24 saw the strongest market for business sales in over 20 years. “The number of transactions is up, the median sale price has increased and the time on the market has shortened,” says Simon. “We find that the post-COVID period has changed the market substantially,” he explains. “To bring any business to the market during this time was to guarantee a disappointing outcome. These businesses have now stabilised and are again strong, and retirement is once again a major consideration for the vendors,” Simon adds. According to Simon, almost all the businesses his team have listed for sale involve retiring vendors, and the market for top end sales is unrivalled. “Buyers have money, and the transactions are unemotional,” says Simon. “The critical requirement of getting a deal done is to present the business well, give the purchasers the information they want and get the price right.” Demand for very small businesses, where buyers are effectively purchasing an income, is less robust. “Workers with even modest skills don’t need to buy a business because they can get a job without much difficulty,” Simon explains. Simon Winter simon.winter@bsa.rh.com.au Business Sales For more information, contact: Price Confidential FoodWorks, Nuriootpa Recent Notable Transactions SOLD Price Confidential Caravan Park, Tumby Bay SOLD 34 | South Australia
RkJQdWJsaXNoZXIy MTI3ODI1