As you will see in the graph below, my previous prediction that the enquiry rate would increase later in November has come true. I believe it is a result of two main factors.
The upward trend is a continuation of the slowly improving market that was just briefly interrupted by school holidays and the Melbourne Cup weekend. Keep in mind many of our prospective business buyers do have school... more
We have been able to develop a new report within our database which will hopefully provide us with a better insight into the business sales market. We call this graph, ‘Activity Performance’. In short, this graph measures the amount of activity in our office of prospective buyers, i.e. enquiries, business profiles sent, meetings etc. Hence it is an all-encompassing performance graph rather... more
You can see from the graph below that the enquiry level for October is up on September, thus indicating the market is still on the slow improvement. It is odd to think that the school holidays and the Melbourne Cup weekend is affects business sales enquiries, but our reports indicate that it does. Hence if we were to remove the school holiday factor I think we would have found the level of... more
Last week was the Australian Institute of Business Brokers (AIBB) Annual Conference in Melbourne. It was a great opportunity to mingle and network with other professional Business Brokers. The general consensus is that the small business sales market, especially in Victoria, is tough.
Whilst it is easy to focus on the negatives, this an opportunity to really see how creative and smart we... more
It is with disappointment than we must report that the enquiry level has slowed in the past fortnight since our last report. However on a positive note, September is still up compared to the previous three months. We predict and hope for a positive month by month trend to continue until the Holiday period.
If the rumoured RBA interest rate cut is realised, we hope that will further assist in... more
The picture on the graph below paints the picture of the explosion in the number of enquiries we have experienced in the last fortnight. Whilst some of this increase in enquiries can be contributed to some new business listings, our ‘Activity’ graph confirms that it is due to a general increase in enquiries.
We’d love to know the true reason behind this sudden spike in enquiries as here... more
This is the first of these reports. Every fortnight I provide my vendors with a brief report on the current state of the business sales market and individual progress on their business sale. I'll add the same general report to this blog for others to use as a tool when making decisions circulating the Business Sales market. Please feel free to post questions.
The good news is that the... more
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