While the general economic sentiment may not be great out there, we continue to see strong interest in buying businesses. Recently we have assisted several clients prepare their businesses for sale, and offers they have received have been very favourable. There is a lot of buyer interest out there, both from NZ and overseas, for good quality NZ businesses. We have seen PEs ranging from 4 to 10 being negotiated. While the 10 was an exceptional one, it shows that there are good prices being paid for businesses, particularly where a buyer perceives the ability to grow profits in the future.
If you are contemplating selling all or a part of your business please feel free to contact us as we are able to both help you through the process, and more importantly prepare it for sale so as to maximise your return!