We are very happy to report that enquiries to purchase a business have substantially increased since the beginning of this year. Hopefully a good sign of things to come. 2017 will go down for us and for many other business brokers in town as one of the worst – if not the worst broking period in our time.
Things are on the up and deals are being done. Time to buy now with business prices firming up and interest rates being still the lowest they have been in the last 40 years.
The last few months ( May, June , July) has seen a lot of activity in the Business Broking world.
The buyers are out again and all are waiting for last years financials to come through.
We currently have 2 or even three buyers waiting for the same business, but none of them are putting an offer and acceptance in, like a condition of sale SUBJECT to accountants approval, which will result in a few disappointed buyers for those that don’t move.
Time will tell, but is finally getting exciting again in the Business Broking world… And interest rates are still very reasonable. Time to act now.