Market Report December 2011
The market seems to have recently taken a more confident feel. Buyers are making genuine offers for quality businesses and Sellers are accepting of the current offers. There are also now some better quality businesses coming on to the market.
The 0.25% drop in interest rates has helped to ease concerns and most economists and bankers are predicting further reductions in 2012. The worst thing that happened to our economy was the unnecessary rise in interest rates 12 months ago and the RBA’s refusal to see that, retail, tourist and hospitality businesses were slowly being strangled to death. Hopefully 2012 will show better trading for all businesses.
All our recent sales and contracts have come from strong relationships with Sellers and Buyers. Our Sellers are either past Buyers or they have been referred to us. Our Buyers have been referred to us or we have built up a trusting relationship face to face prior to identifying a suitable business. If you are a serious Buyer, come and talk to us. The more we get to know you, the easier it is to find the ideal business for you.
We have moved our office!!
We have moved from our Noosa office to a separate cottage on our rural property equidistant between Eumundi, Cooroy and Kenilworth.
Visitors Welcome at: 1452 Cooroy-Belli Creek Road Ridgewood.
15 minutes west of Cooroy
Call to make an appointment.
We have recently listed a variety of good quality business opportunities, namely -
- A Part Time, Home Based investment earning $100 - $300,000 per annum. 28 day trial. It’s a bit different, so give us a call to discuss. Listing Source - ex Client.
- A Furniture Removal & Storage business based in Brisbane, approved Toll Contracts, operating locally and interstate. Reliable family business netting Owner over $200,000 per annum. Listing Source - referral from Accountant.
- The best Bed & Breakfast and Wedding Venue in the famous Eumundi. Grand Colonial home on 4 acres. First to inspect will buy. Listing Source - referral from Accountant.
- A Maintenance Service business for SEQ Water. Specialist tradesmen employed. Netting Owner approx. $1m per annum. Listing Source - referral from past client.
- The best School Camp business in Queensland. Over 300 school camps per annum. Fully staffed. Owners oversee only. Net $670,000pa. Listing Source - referral from Accountant.
We have some other high quality businesses to come over the next few months, so give us a call to discuss and we’ll put you at the front of the queue.
ANZ Australian Economic Update 23 Nov 2011
CONSTRUCTION WORK DONE SHOWS ENGINEERING PIPELINE WELL UNDER WAY IN Q3
- Construction work done surged by 12.5% q/q, to be 18.1% up from a year ago (inflation-adjusted). This was the strongest quarterly growth rate in these data since the commencement of this series in 1986.
- Today’s strong data (a) confirms our view that the Australian economy was stabilizing going into this latest intensification of global risk and (b) that the mining sector is providing an important backstop to aggregate growth. Our preliminary forecast for Q3GDP (released 7 December) is +0.6% q/q (+1.7% y/y) (with upside risk). Today’s survey feeds directly in the ABS’ GDP calculations, albeit usually with less volatility (the ABS increasingly uses the CAPEX survey to inform its construction estimates for GDP). Even if we assume around half of this surveyed measure of business investment feeds into Q3 GDP, it will still provide an important offset to expected large subtractions to growth from both net exports and inventories.
- For the RBA, all other things unchanged, today’s data adds weight to the argument that current ‘neutral’ policy settings are appropriate, provided the global environment doesn't deteriorate further. But come the 6th of December (the next RBA board meeting) it is the risks to the global environment, not necessarily the domestic data flow, that will dominate policy discussions. The recent intensification of these global risks now appears to be threatening a bigger contagion to local markets (and thus the local economy). This has been evident in the sharp widening in local credit spreads in recent days. If market conditions worsen, the chance of a further easing from the RBA next month will continue to rise.
To Whom It May Concern,
We were first introduced to Harvey Weyman-Jones and Weyman Jones Business Brokers via a recommendation from a friend in the Noosa area who knew we were looking at prospective businesses on the Sunshine Coast.
We spoke to Harvey and established a rapport with him which enabled us to take our time and eventually find just the right business for us to purchase. This process took quite a period of time because we also needed to sell a business in New South Wales. Harvey kept us up to date with prospective businesses and any relevant Queensland requirements. The assistance provided by Harvey was invaluable in assisting us to make the right business purchase choice for us, and then helping the sales process proceed to completion. At all stages of the process - investigation of businesses for sale, appreciation of what would suit us, sale negotiation, legal requirements and then settlement date - Harvey was available and helpful at all times.
We would be happy to contact Weyman Jones again if the occasion arose, and would have no hesitation in recommending Harvey to a prospective business purchaser.
We would be happy to answer further questions if you would like to telephone us at (07) 5449 7199.
JIM & GLENYS KESBY
Last month it was Movember and time to focus on men's health. To show my commitment, I donated my face to the cause by growing a moustache,(for the first time ever), for the entire month of November, and I still need your support. My Mo sparked conversations, and no doubt generated some laughs; all in the name of raising vital awareness and funds for prostate cancer and male depression.
Why am I so passionate about men's health?
- 1 in 9 men will be diagnosed with prostate cancer in their lifetime
- This year 20,000 new cases of the disease will be diagnosed
- 1 in 8 men will experience depression in their lifetime
I'm asking you to support my Movember campaign by making a donation by either:
- Writing a cheque payable to 'Movember', referencing my Registration ID: 2096108 and mailing it to: Movember, PO Box 60, East Melbourne, VIC, 8002
- Donating online at: Mobro
If you'd like to find out more about the type of work you'd be helping to fund by supporting Movember, take a look at the Programs We Fund section on the Movember website: Movember
Thank you in advance for supporting my efforts to change the face of men's health.
Chinese View On Europe
Jin Liqun speaking to Al Jazeera. He’s the supervising chairman of the China Investment Corporation. China’s sovereign wealth fund. He says Europe’s problem is that its incentives are making people lazy:
If you look at the troubles which happened in European countries, this is purely because of the accumulated troubles of the worn out welfare society. I think the labour laws are outdated. The labour laws induce sloth, indolence, rather than hardworking. The incentive system is totally out of wack.
Why should, for instance, within [the] eurozone some member’s people have to work to 65, even longer, whereas in some other countries they are happily retiring at 55, languishing on the beach?
This is unfair. The welfare system is good for any society to reduce the gap, to help those who happen to have disadvantages, to enjoy a good life, but a welfare society should not induce people not to work hard.
** What do you reckon he’d say about Australia’s welfare society? Do punitive and redistributive taxes create an incentive for people not to work hard? Or for businesses to stop trying to create profit?
On A Serious Note
How To Survive a Heart Attack - When Alone!
Let’s say it’s 6.15pm and you’re driving home (alone of course) after an unusually hard day on the job. You’re really tired, and frustrated.
You are really stressed and upset ….
Suddenly you start experiencing SEVERE PAIN in your chest that starts to radiate out into your arm and up into your jaw.
You are only five kilometres from the hospital nearest home.
Unfortunately you don’t know if you’ll be able to make it that far.
WHAT TO DO ???
You have been trained in CPR, but the guy that conducted the course did not tell you how to perform it on yourself !!!
HOW TO SURVIVE A HEART ATTACK WHEN ALONE ?
since many people are alone when they suffer a heart attack, without help, the person whose heart is beating improperly and who begins to feel faint, has only about 10 seconds left before losing consciousness.
WHAT TO DO ??
Do not panic, but start coughing repeatedly and very vigorously. A deep breath should be taken before each cough, the cough must be deep and prolonged, as when producing sputum from deep inside the chest.
A breath and a cough must be repeated about every two seconds without let-up until help arrives, or until the heart is felt to be beating normally again. Deep breaths get oxygen into the lungs and coughing movements squeeze the heart and keep the blood circulating. The squeezing pressure on the heart also helps it regain normal rhythm. In this way, heart attack victims can get to a hospital.
ARTICLE PUBLISHED ON No. 240 of JOURNAL OF GENERAL HOSPITAL ROCHESTER
Don’t ever think that you are not prone to heart attack as your age is less than 25 or 30. nowadays due to the change in lifestyle, heart attack is found among people of all age groups.
And A Lighter Note
At a wedding party recently someone yelled “All the married men please stand next to the one person who has made your life worth living.”
The barman was crushed to death.
A Police STOP at 2am
An elderly man is stopped by the police around 2am and is asked where he is going at this time of night.
The man replies, “I am on my way to a lecture about alcohol abuse and the effects it has on the human body, as well as smoking and staying out late.”
The officer then asks, “Really? Who is giving that lecture at this time of night?”
The man replies, “That would be my wife.”