Market Report December 2008

7 Dec 2008

Sales are occurring for quality businesses. Buyer enquiry currently is low but those that are active are cashed up/high equity experienced business operators who have confidence in the future.

We are preparing for a much more active market in 2009. Those buyers who have been sitting on the fence for the last 6 months should make their move now before the market jumps. The reasons for our confidence are:-

 

  1. Lower interest rates normally mean higher business values. Sale prices are currently the best value for over 20 years.
  2. Increased number of buyers from retrenchments in the financial and insurance industries.
  3. South east Queensland and in particular the Sunshine Coast look very attractive to migrants from other regions within Australia, the UK and New Zealand. Our high growth region provides a natural insurance against any downturn in the economy.
  4. Confidence in our economy is starting to increase and when the media start reporting that businesses have survived Christmas and then the February blues, there will be a huge ground swell of positive sentiment from March onwards.


Please read the next article in this Newsletter from Commsec for an independent and positive assessment of our economy.

BUY NOW OR PAY MORE LATER

We have quality businesses listed at the end of this newsletter that are all trading well in the current economy and many have reduced asking prices. Potential buyers should seriously look at making their move now while these bargains are available.

We also are currently preparing to market in the New Year some exciting new high quality businesses, namely:

Wholesale distribution, Brisbane - managed EBIT $545,000: $2.15m
Agribusiness - manufacturing & wholesale distribution EBIT $1m Freehold: $5.7m
Country Store & Rural Supplies, Noosa Hinterland - ideal family business Freehold: $740k
Childcare - fully managed, 46 places, Leasehold: $600k
Restaurant - one of the best in Noosa T/O $2.4m: $900k
Restaurants & Takeaways - 3 locations on the Coast, group T/O $4m: $1.5m

Don't miss the boat!

Call Harvey Weyman-Jones or Gary England now on   07 5447 2788 to express your interest.