State of the Business Sales Market 15th to 30th August 2013

I think this week’s graph is definitive evidence of the effect the pending federal election is having on enquires from prospective business buyers.  In my last report I noted that enquiries have risen since the election date was announced, further strengthening my belief that come post-election we will see increased activity in the market.

In my experience federal and state elections have always had an effect on the business sales market.  Usually the effect is for a couple of months from when the date is announced to when it concludes.  What has affected us so much this year is that it was announced over seven months ago.  Not only has it affected small business sales I have heard from many similar clients that is has also affected their small business.  Regardless of who is in power, it will be a relief to many (including us) to have the election out of the way so we can build on increasing the stability and confidence in the economy, that became apparent in the early part of 2013.

On a side note do you have a Business Loan and paying higher than 7%?  Do you have equity in property?  If you answered yes to both these questions you may what to chat to HBF Finance about adjusting you interest rates to home loan rates.  There are lenders that will happily refinance business debts at home loan rates, this includes refinancing plant & equipment finance, leases and other business debt.  The savings might just help your cash flow.