In recent months, the New Zealand business market has experienced a notable surge in activity, giving rise to several significant trends. Neil Craigen, Sales Manager at LINK Ellerslie, notes that these emerging trends have had a profound impact on business sales, reshaping the dynamics of the market.
According to Neil, “Enquiries for businesses to purchase have reached a three-year peak! While there’s a hint of caution regarding listings in anticipation of the upcoming election, there’s still a substantial presence of baby boomers entering the market with large transactions valued at around $100 million or more.” Despite the ever-evolving trends, one constant prevails – the demand for businesses remains robust.
High-quality businesses equipped with comprehensive information, efficient systems and processes, and up-to-date financials consistently attract eager buyers. Neil emphasises, “Effective marketing of a well-prepared business can generate a substantial volume of enquiries, often resulting in swift transactions with motivated buyers.“
For those contemplating the sale of their business, Neil highlights the importance of preparation and the pivotal role played by business brokers in facilitating this decision. He advises, “Establish a strong relationship and trust with the broker who will represent one of your most valuable assets. LINK has a wealth of experience, having successfully sold thousands of businesses similar to yours, ensuring you achieve the best possible outcome.“
LINK offers a diverse portfolio of businesses spanning various industries, tailored to different skills and preferences, for prospective business buyers. “The crux of acquiring a business lies in having a broker who understands your requirements and can introduce you to the right opportunities,” Neil says. “With a professional network of specialists to guide you through the process, the best possible outcome is assured.”
The current business market in New Zealand presents exceptional opportunities for both buyers and sellers. The nation boasts a resilient economy, transparent regulations, and a thriving array of sectors, creating a stable and conducive environment for entrepreneurs and investors.
The emergence of favourable trends and evolving consumer preferences further paves the way for innovative ventures and strategic acquisitions. Whether your goal is market entry, business expansion, or a lucrative exit, New Zealand’s business landscape offers a promising arena for success and growth, especially with a LINK broker guiding you.
