Wow it has been a busy time of late and somehow it’s mid-October already. Must be spring because it’s always the windiest time of the year. A busy time for brokers with everyone coming out of winter hibernation to enter the summer fray.

We have recently sold a small Master Franchise operation involved in the cleaning sector and a well established day care centre on Auckland's North Shore. We have a good pipeline with businesses we will soon bring to the market so everything is looking rosy for the run into Christmas.

We are still looking for a few businesses at present. We have a buyer mandate for a multi-office real estate operation in Auckland and also an Auckland based business with EBITDA in excess of $3.5m, so eyes and ears open for those.

We are also going to be leasing some office space we have available in O'Connell Street. Will be around 250sqm on the fourth floor, nice space and close to all amenities especially car parking about 50m away.

Had an interesting breakfast meeting this morning listening to Tim Main, Treasurer of the BNZ. He seems quietly confident that the business and country in general, have reasons to be optimistic. Interest rates should hopefully remain at similar levels for a while. He was a little concerned though, with personal debt levels creeping up again. You could feel the bank's lenders in the room cringe when this subject was broached, hard for a bank to make money if they can't lend :)

Hope all is well with everyone. Talk soon.