For the Business Brokers in Western Australia, things are on the UP.
The inquiries of buyers to purchase a business has increased threefold in the last three months and has lifted our spirits.
2016/2017 saw a significant drop in sales activity and speaking with fellow brokers, they too have experienced much lower than usual business activity. Some brokers have left the profession and have sought out alternative revenue streams.
Five months ago it appears as though someone flicked a switch and the calls started coming in, people started showing signs of interest in both purchasing and selling.
In the past five months, demand is still strong and we anticipate this activity to be maintained or increased well into 2018.