Since the advent of Covid 19 in March 2020, the market for business sales in Queensland has been strong yet sometimes mixed, with supply and demand reversals influencing market conditions. Initially we experienced a period when everything went very quiet. Naturally market participants were fearful of the unknown and what the future of Business and COVID 19 may hold.
There is little doubt that no matter what category a business fits into, they are generally demanded by a range of buyers who require solid earnings and want to move to the Sunshine Coast region for lifestyle reasons.
For many months now we have talked about Food and Hospitality being the most popular segment with buyers on the Sunshine Coast and Brisbane’s North Side. This is due to the very diverse nature of the Food and Hospitality Industry and its distribution across numerous categories and price points in the market.
Food and Hospitality businesses are still in hot demand and continue to be the most sought after business for those moving to the Sunshine Coast, due to their ease of entry and perceived lifestyle benefits. Over 42% of sales were recorded from this sector, 12 months ending April 2018. Several sales were recorded between $200k – $300k, but as usual, the strongest ‘bands of interest’ were below $200k mark..
Food and Hospitality businesses have again been in strong demand, with over 39% of sales recorded from this sector (12 months ending December 2017) and the strongest ‘bands of interest’ being in businesses below $200,000 mark.
What’s Our Secret?
Business sales still remain consistent across most sectors this quarter. Food and Hospitality has again been in strong demand, with over 37.5% of sales coming from that sector since 12 months ending September 2016; the strongest ‘bands of interest’ being in businesses below $300,000 mark.
The market for businesses still remained strong across most sectors this quarter and into the next. Food and Hospitality has again been in strong demand, with over 33% of sales coming from that sector since July 2016, and the strongest ‘bands of interest’ being in businesses below the $300k mark.
I must reiterate again, now is the time to list and sell your business. Demand is on a high right now! Whether you want to sell to retire or re-invest into another business; you may want to consider selling now.
Good quality businesses in short supply – Buyers Demand More!
Again I must reiterate this month, now is the time to list and sell your business! Demand is on a high right NOW!
Over the last 3 months, we’ve achieved higher than average business sales and settlements on the larger businesses in the $600,000 to 1 million price range.
Good quality businesses are in demand as the Sunshine Coast market heats up!
The best time to sell a business is when demand is high or on the increase, which is right NOW!!
Over the last 3 months, we’ve again achieved higher than average business settlements, new contracts and sales enquiries from a variety of sectors and price points in the market. This increased buyer competition for quality businesses in several sectors is a real positive for business sellers.
Demand for Small Businesses on the Sunshine Coast heats up The good news for sellers is that the demand for small businesses continues to be strong across the majority of sectors throughout 2015 and into 2016.
The market for businesses still remained strong across most sectors this calendar year.
Food and Beverage has been in strong demand, with over 43% of sales coming from that sector since January 2015, and the strongest ‘band of interest’ being in businesses below $100,000.