February News 2023

Small Business Outlook for 2023

The last 2 years have been very good for business brokers. The smart buyers have been back in the market and have bought very well at very reduced prices compared to a few years ago.

In the previous few years, businesses have been on the market for 6 months or longer, before a buyer was finally found.

That time period has dramatically reduced now to 3 to 4 months and currently that seems to have shortened again in 2023.

Businesses that have a large staff component must be properly investigated, that the right wages are/have been paid, as the wages have skyrocketed over the last 2 years.

Those businesses with little staff seems to be getting a slightly higher ROI, than those with a larger staff component.

Businesses with values higher than $500,000 also seem to be in higher demand.

Overall, this year of 2023 has had a good start with a bright future for the next 12 months.

Gunnink & Company Business Brokers in Perth, Western Australia
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