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Why this lockdown is different for the business sales market. Buyer demand is soaring.
Even though we find ourselves in lockdown, LINK continues to sell record numbers of businesses. This contrasts strongly with the first lockdown in 2020 which slowed the market considerably. Back then we had no vaccines and huge uncertainties about where we were headed. This time around, things are very different. Vaccines are available and most people see the light at the end of the tunnel, even if it may involve some tough decisions about living with Covid going forward. The consensus is that we’ve been here before and that many businesses, although affected in the short term, can recoup disrupted trading with increased sales levels following lockdown.
LINK have sold 58% more businesses in the last quarter than this time last year, and even under lockdown, buyer demand doesn’t appear to be slowing down. Many Kiwis have returned home in the last year and are keen to buy. Interest rates are still relatively low, funding is available, and buyers want to borrow before interest rates go up. Business buyers are using this lockdown to research businesses for sale and meet with sellers and LINK brokers online. LINK have serious, well-funded buyers that are ready to purchase businesses right now.
If you are a business owner and are considering selling, now is the ideal time to capitalise on this unprecedented level of buyer demand – contact LINK now.
Even if you may not be considering selling, taking this time to work ‘on your business’ and understand your business value will help you when you do. LINK’s award-winning business value appraisal tool can give real insights into what your business is worth and what potential improvements could be made to increase your business value.
So, if you want to sell, or you simply want to understand what your business may be worth in today’s market, LINK invite you to take up our offer for a free and confidential value appraisal of your business.
To take advantage of this offer, simply contact the team directly.