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Legacy Business Sold Right (Seller)

By LINK Business

  • August 12, 2024
  • 3 minutes reading time
Nick is an award-winning broker. He has twice been awarded the Broker of the Year award for LINK Ellerslie, and has been the proud recipient of the prestigious, New Zealand Salesperson of the Year award, for the LINK group. Passionate and focused, when helping business owners prepare for sale, Nick is thorough, professional and ethical. JD is respected for his direct but friendly attitude, impeccable client service and exceptional communication skills. As a shareholder at LINK Business, he is committed to maintaining professional conduct and ensuring client satisfaction.
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Nick is an award-winning broker. He has twice been awarded the Broker of the Year award for LINK Ellerslie, and has been the proud recipient of the prestigious, New Zealand Salesperson of the Year award, for the LINK group. Passionate and focused, when helping business owners prepare for sale, Nick is thorough, professional and ethical. JD is respected for his direct but friendly attitude, impeccable client service and exceptional communication skills. As a shareholder at LINK Business, he is committed to maintaining professional conduct and ensuring client satisfaction.

It’s always exciting when an iconic New Zealand business comes to market via LINK, but what’s even better is when it’s successfully sold in line with the vendors’ aspirations. Scotties Car Rentals, a well-established car rental service provider with a three-decade-long track record, is a perfect example of how engaging the help of the right brokers is the best course of action towards an extremely satisfying sale, and in Annie & Keith Scott’s case, a well-deserved retirement!

Annie and Keith owned and operated Scotties Car Rentals for 30 years, building it into the reputable business it’s known as today. A true family business, Scotties is synonymous with strong customer relationships, superior services, and unparalleled knowledge of the affordable NZ car rental market. With locations in Auckland, Wellington, and Queenstown, the business stands as a dominant force in a lucrative industry.

After so many years of setting up, running, and growing Scotties, the vendors finally made the life-changing decision to sell their beloved business.

Previously coming across LINK when browsing for another business, Annie and Keith had the brokerage in mind when they concluded that they were ready to sell. Evidently, utilising LINK’s services turned out to be a fantastic decision.

Nick Stevens & JD Hyslop were the specialised and highly experienced duo that took on the listing, and Annie and Keith were immediately impressed by the pair’s professionalism. “Their guidance was thorough and informed from day one.”

Selling a business is obviously a big and often emotional decision. That’s another reason why working with seasoned business brokers who understand the complex feelings that may arise is essential. “We had 100 questions, and the brokers were patient and knowledgeable the entire time, keeping us on track toward our goal. It was clear early on that we made the right choice not only to sell the business but to entrust LINK with the sale and specifically, Nick and JD,” says Annie.

There are ample benefits of working with business brokers, and the most valuable ones vary from vendor to vendor. For Annie & Keith, it was the marketing that made all the difference. LINK has perfected its marketing strategies, offering vendors comprehensive, proven approaches to reach buyers specifically looking for opportunities exactly like theirs.

Beyond marketing, LINK provides access to a network of qualified, serious buyers—an advantage that’s often unattainable in a private sale. “We were amazed at the connections that Nick and JD had – they found prospective buyers that aligned with what we were looking for, filling us with confidence that Scotties would soon be in the hands of someone who could uphold its market reputation and honour the foundation we have built through years of hard work,” Annie explains.

No business sale is without its challenges, but a significant role that brokers play is to mitigate any obstacles that pop up… and that is exactly what Nick & JD did for Annie and Keith. “Every single challenge was met with a solution that showed a great deal of understanding and expertise.”

It didn’t take long for Scotties Car Rentals to find a brand-new and highly motivated owner. The best part? Annie and Keith received 100% of their asking price. “The brokers advocated for us all the way, and the result was that we got our full asking price, putting us in an optimal position for retirement.”

From the very first meeting to the final handshake, Nick & JD of LINK Business delivered excellence. Scotties Car Rentals wasn’t just sold; it was passed on with the legacy intact, the vendors’ goals achieved, and their retirement dreams fully realised. For Annie and Keith Scott, choosing LINK wasn’t just the right move—it was the best move.

Tags

  • aucklandautomotivecarrentalJD Hysloplegacybusinessnick stevensservicessold business

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