Increased inquiry and activity in November

November has seen an unprecedented number of new inquiries on my listings, and many of the inquirers are stating that they are “cashed up and ready to buy”. This is the first time since the Global Financial Crisis and comes at a time when the banks seem to be looking for quality business lending.  ANZ Bank approved more than $1 billion of lending to new small business owners between April and December in 2013 and in March this year ANZ pledged, (on their Small Business Hub), another $2 billion to new small businesses over the next twelve months to February 2015. Other banks are also beginning to come to the party.  This really promotes the ability for business transactions to be made. Better trading figures are beginning to appear in small business circles, and I believe that many small businesses will be showing excellent half yearly results after December 2014. Finding the right business will depend on the size and quality of the brokerage firms that Buyers use, coupled with the experience of the individual brokers they deal with. Benchmark Business Sales has a formidable team of highly experienced Brokers around Australia and some excellent businesses to sell. But we need many more to meet the demand. Highly profitable businesses are likely to achieve great prices as the demand builds even further. Call your local Benchmark office to discover what your business might be worth in today’s market and how you can plan to extract yourself from the business in the most profitable way. On the Sunshine Coast we have significant demand from buyers looking to acquire quality businesses. Now is a great time to prepare for sale. Call John Dawkins on 0412 713 154. John Dawkins B.Bus.(Accounting), C.Dec., MAIBB