As mentioned in our previous report, the total number of new enquiries for January were down on 2017. This is a result of having fewer businesses for sale after selling many of our businesses in the later part of 2017. On the flip side we have listed quite a lot of new businesses this month. Combine the number of new listings with the fact that at about this time in the new year, most people are settling back to their normal routines and ready to look at new opportunities. We are expecting good volumes of new enquiries for the month of February.
The economy and interest rates have stayed out of the media spotlight in recent times which is also a good sign for business sales. Consumer confidence is a big factor and you will note that consumer confidence has been pretty high for January (See Roy Morgan Poll) which we believe we should receive the flow on affect into February.