Business Sales Blogger

It's March Already?!

Tuesday, March 05, 2013
Well there is a good reason I have time to write this blog. Why? Because I have pretty much sold everything. Besides having numerous Master Franchise and Franchise opportunities available, we are a little short on the larger, general-business side of the business.

We sold an Import Distribution business just prior to Christmas with an EV around $1m and in late January a larger Heavy Removals/Engineering business with an EV in the mid-$3m range. The larger business never hit the market because I have been dealing with the buyers for a period of time and the moment I had this business available I had them pegged.

Since getting back from the holiday season I have caught up with the other brokers and banks that I deal with and most say the same, that there is very little on the market at present. The often asked question I suppose is why, with such measurable buyer interest, low interest rates and very little competition for buyers the baby-boomers should be rushing to the market.

We could certainly do with good sized opportunities in any or all of the following:
Import/Distribution
Engineering
Logistics
Manufacturing (NZ or China)
IT business
Infrastructure
Any other business with EBIT >$1m

The recent successful opening of Carl Jr restaurants shows that there is a market for good food based franchises.  http://goo.gl/Y3xG7

We have a number of proven food brands that are looking for NZ partners and can be seen here on our website. (Just click 'Search' in our 'Quick Search' box to see all of our current opportunities!)

Also keep an eye out because we have a couple of very interesting non-food franchises that we will be releasing shortly. One will be especially interesting to you dog lovers out there.

I am off to Sydney on 6-7th of March actually to have a look at a couple of new opportunities.

Hope all is well with you and yours. For anybody wondering how Paul is going, he continues to respond well to Chemotherapy and is still chugging along.