We have wrapped up June with around $700,000 worth of businesses sold by Dan and Daniel, and we currently have $6.5M under offer that we expect should be settled in Q1 of 2020.
To be frank, we expected some of these businesses under offer to settle by July 1st.
Business sales can tend to drag on longer than anticipated for both parties, and it can become a big source of frustration, especially when Parties have made outside commitments, such as travel arrangements or new business ventures.
Often delays can be avoided by anticipating issues, planning appropriately, and most importantly executing on your plans.
Business enquiries in June decreased by around 20% in comparison to 106 qualified enquiries made in May. This can be fairly typical of the last month of the financial year and should not be a concern for sellers.
The key indicator in our view, is the conversation rate of enquiries to confidentiality agreements, as this is the true measure of the quality of the buyer and in some cases the quality of the market at large. June’s conversions increased from 64% to 74%, so this indicates strong confidence in the market at large.
Enquiries for July have so far been through the roof, and we expect confidentiality agreements to hit triple digits, setting a new a record high for Vision Brokers and Advisors clients.
We aren’t right all the time – just most of the time – some of our hot opportunities in the past have made buyers very well off indeed.
So make sure you get in NOW. Call us, email us, click on the button below, whatever you need to do NOW to register your interest in these opportunities.
ONE AND ONLY PRICE REDUCTION
MASTER FRANCHISE NOW $5.4M
*** This business is now starting to look very attractive and is currently the only profitable master franchise license in Australia with EBIDTA in excess of $1M for sale at 4x EBIDTA***
We think, looking back over our careers, especially the last 5 years, this may just nudge over the line as the best commercial opportunity for sale we have seen.
15+ restaurants across Australia
Each restaurant is licensed and fully-managed
Average remaining lease terms of 10 years +
Overseeing both franchise stores and company run venues
Average franchise tenure exceeds 11 years
We feel this is a great opportunity to acquire group revenue in excess of $14M.
HOSPITALITY FLIP PLAY **UPDATE
*** Our high profile client is now only asking for $25k - $50k for a quick sale ***
The key to any successful business flip is buying low and making sure the fundamentals are in place so that you can build on the foundations to sell high. The market views the fundamentals as the lease, revenue, location, fixed assets.
Lease: 17 years
Revenue: $1,800,000 PA EX GST
Location: On the beach baby
Fixed assets: Fit-out approx. $1M before depreciation and less than 3 years old
This fully managed hospitality group operated flagship is no longer desirable to our client. Often hospitality groups bite off a little too much, and they can’t justify continuing to stretch their resources.
This is a very rare, profitable business and
comes with our STRONG encouragement
to make any offer.
We feel that this is a rare, rip, flip opportunity and there should be plenty of profit to squeeze under new ownership. Please note strong experience is a must!
Most business owners and buyers will keep trudging along the same path, and whilst they are motivated to operate, sell, or buy a business with the best outcome possible, their path is one that misses a key ingredient when it comes to reviewing a business - arm’s length perspective.
What is a business review?
A business review is a detailed analysis of how the business performed in comparison to the previous year/s and can provide enormous clarity to a seller or buyer. Our business reviews have quite literally changed lives, especially for business owners, and can be the difference between hundreds of thousands or even millions of dollars.
We will provide free business reviews to sellers of businesses with revenue in excess of $1M, as well as low-cost rates to buyers who require an expert second opinion on the value of the business they are buying.
At the end of the review, you will have a new perspective on your business and will be confident in the following:
✔ What areas of the business contain ‘Hidden Risk’? ✔ What areas restrict growth that you may be holding on to? ✔ What are the true strengths and weaknesses? ✔ What your business is worth and how do you increase its value?
We will provide free business reviews to sellers of businesses with revenue in excess of $1M, as well as low-cost rates to buyers who require an expert second opinion on the business value. Enquire by filling out your details below.
*Businesses with Revenue in excess of $1M qualify for a free business review.
If you are thinking of selling your business, or a purchasing a non-VBA business, now is the time to get in touch with us for a confidential discussion.
BLOG - COMMERCIAL TERMS VS. GOOD FAITH
In this blog, we discuss reaching the balance of good faith and commercial terms in context with preserving the relationship between Parties.
VIDEO - SELLING A BUSINESS: BUSINESS VALUATION
In this video we discuss why knowing the value of your business is so important and why a business review should be done regularly by any business owner.
Thanks for reading, watching and listening - and happy buying and selling!
Kind Regards, Daniel Kogan & Dan Levitus
Our mission is to transcend the standards of the business broker industry, and this means so much more than just selling businesses.
We would love for you to be part of our community.
From all of us at Vision Broker and Advisors, we really look forward to working with you.
Good luck, and make sure you have a look at our business for sale.