Flicking through the newspaper on a Saturday led John Spring to his new business venture. However, the crucial steps with LINK Business Brokers’ Steve Catley were what made it possible and smooth.
Chartered Accountant John was searching for a new investment. Already owning businesses in the printing and publishing industry, he decided it was time to diversify. His criteria consisted of a fully managed business with the right purchase price and net profit.
Thanks to a full-page ad in the NZ Herald, John stumbled across a business on the market that exceeded his expectations. “Nebulite just ticked all the boxes,” he says. “Plus, it was in an industry that interested me and based close to home too.”
Buying a business is no small task, but it can be made simple with the right help. John got in touch with Steven Catley, the Broker who took on the Nebulite listing. “Steve was friendly, helpful and got back to me quickly. He helped me through all the steps, was thorough with getting all my information and answered all my queries throughout,” John says.
During such a significant time, having a professional process in place is hugely advantageous. For John, purchasing a business through LINK and Steve Catley was invaluable. “It was so helpful having a middle person between the seller and I,” he says. “In particular, the Due Diligence process and the Working Days Calculator system were great.”
John officially acquired Nebulite a few months ago. At the moment, he is prioritising a smooth transition into new ownership with customer needs and timely results being the main focus. In the future, John will gradually identify overall business improvements while working closely with the general manager.
“The process with LINK was organised and professional,” John reflects. “Working with Steve went really well,” he adds.
If you’re interested in buying a business, get in touch with LINK Business Brokers. With a diverse range of businesses on the market, there is something to suit everybody. Our experienced brokers are here to guide you through the process.
