The market is very buoyant in business sales. At Clyth MacLeod we need more listings to meet the demand for buyers looking to buy a business, some choosing to secure themselves a job and become their own boss.  

This is evident in the changed labour market. With our unemployment rate increasing from 3% to around 4% and still likely to increase further over the next year. Looking back to 2022 business owners frequently shared with us, particularly within the hospitality sector, that they could not open as many days and hours. They were experiencing a shortage of staff.  With this change, businesses currently appear not so inclined to raise wages for their employees. In a tight labour market buying a business becomes a great option for job seekers to consider.

Is now a good time to sell my business? We do believe it is!

With the current economic uncertainty. We will tell you why this could still be a great time for you to sell your business.

Buyers are there and looking for good businesses to buy. 

One key reason for selling now is the high demand from serious buyers.
As redundancies rise, employees are increasingly considering the benefits of becoming their own boss.

Increased buyer interest leads to greater demand, which can drive up prices for solid businesses.

Sellers should turn to a business broker to find serious, pre-screened buyers. The business broker not only helps match the buyer with the right business, but also shares knowledge with the buyer along the way, alleviating concerns and keeping the transaction moving forward. In today's market, with numerous buyers available, it’s crucial to distinguish between serious buyers and those who are merely exploring their options but aren’t prepared to make a commitment.

Preventing "burn out"
Burnout can occur with both successful businesses and those struggling to grow. The ideal time to sell is before burnout jeopardises effective business management.

What are the warning signs of "burn out"?

The burnt out owner has been chief cook and bottle washer for so long that even routine decisions and actions can feel like a mammoth task.
No more enjoyment - while owning a business involves hard work, it should also offer some level of satisfaction and pleasure.
Just feeling tired - many business owners burn out from the demands placed on them to keep their companies operating year after year.
Most importantly is for business owners to recognise the signs and take action before burnout begins.

The best price comes from selling at the right time
Having sold thousands of businesses we recognise that there are an array of reasons that can lead to the sale of a business. Compelling personal reasons, shortage of capital, and lack of someone in line to take over. Instead of waiting for unfavourable conditions, potential sellers should keep a wary eye out for that all-important right time for putting their business on the market.

If you decide the time to sell is now.   The best initial step is to consult with an experienced business broker, who can ...

• Prepare an appraisal and advise you on pricing
• Produce a marketing strategy which will give the business broad exposure while preserving confidentiality
• Help determine the right buyer for your business
• Keep you updated on market responses
• Work with your lawyer and accountant
• Present all offers

We always say to our business sellers one of the best decisions a business owner can make is to keep managing their business effectively (and profitably) while depending on the services of a business broker.

We believe one of the most effective ways to maximise the value of a business is not waiting too long to sell.  Sell at the right time.

Call us now for an obligation free - no cost to you appraisal on your business. Phone 09 630 9491.

It has been full noise over here at Clyth MacLeod’s Office

We held a very successful information evening last week “A day in the life of a Business Broker”.  A fantastic turnout and an incredibly lively atmosphere was enjoyed.

If you missed this informative night and you would like to attend our next presentation, drop us an email and we will be happy to keep you advised on when this presentation is next planned. Email patrick@cmbusiness.co.nz

We invite anyone interested to meet with us and discuss about joining our company as a business broker.  We encourage you to be selective and compare what other business broking companies have to offer also. There are differences.

For us, we don’t want to burst at the seams with too many business brokers, we choose to select business brokers with a commitment to specialising within certain industry sectors.  We also hire on a ‘can do’ attitude and most importantly you must be happy to live by our non negotiable, must follow practice of sound ethics. With 52 years experience in selling businesses we value our reputation enormously.

Opportunity Knocks

Seeking Passionate Foodies

Right now we are selectively and carefully growing our Food & Beverage division. Energy, enthusiasm and a love of all things Food and Beverage are pre-requisites. You must have some connection within the industry.  Previous retail food business owners (you make great business brokers), chefs or front of house employees that love the industry, and salespersons of other products and services with a genuine interest in dining out, you too should consider this exciting business/career option. Let’s talk. Call Glorianne on 0274 745 032 or email gcampbell@cmbusiness.co.nz