1 minute read
Savvy Business Sales with Rod Russell
OPEN FOR business
WITH ROD RUSSELL // SAVVY BUSINESS SALES
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Now that Queensland’s borders are open to the world, business owners can finally sense some normality, as we slowly return to life as we knew it pre-Covid.
The highs and lows of the past two years have been taxing, however, business owners that have hung in there may be well rewarded in the years ahead. The resurgence in the economy will be led by domestic and international travel, southern state migration, overseas students, returning backpackers and of course federal and state funding for infrastructure to accommodate population growth and the 2032 Olympics. This puts us in a unique position, so it is a great time to consider buying or selling a business. With so many people relocating to the Coast and thousands who lost employment during Covid choosing to take control by purchasing a business, the market is red hot. With the projected growth, why wouldn’t buyers want to invest in local business now? Interest rates are at their lowest, most businesses sold offer over 30% return on investment (money back in just over three years!), as well as our enormous opportunities that most regions can only dream about. Of course, this is also a dream come true for business owners who are ready to retire. We are seeing an abundance of energetic buyers with access to cheap money. They are driven, educated and keen to take business to the next level, and why wouldn’t they…this is one of the world’s most liveable places. It’s time to put the Covid years behind us and look at the endless opportunities that lie ahead. We have it all here and we are “Open for Business”, now is a sensational time for those wanting to purchase or exit a business. ca www.savvybusiness.com.au
ABOUT THE AUTHOR
With over 25 years’ experience selling businesses on the Sunshine Coast and beyond, Rod Russell and his award-winning team at Savvy Business are leaders in buying or selling businesses.
