As the data from the latest quarter rolls in, we’re seeing consistent trends in the business sales sector. Despite facing three more rate rises during the quarter and the negative news surrounding these events, buyer inquiries remained steady. This is an encouraging sign for business owners and brokers alike. However, I’ve noticed a slight dip in the inquiry rate, and it remains to be seen how this will affect the market in the upcoming quarter.
Let’s take a look at some of the top performers and underperformers in the business sales sector this quarter:
- Labour Hire
It’s essential to keep an eye on unemployment rates, as they can impact the business sales sector. If unemployment continues to rise, we may see an increase in demand for owner-operator businesses. This could result in multipliers pushing higher than the traditionally capped x 2.
As a trusted Australian business broker, we’re dedicated to keeping you informed about the latest market trends and insights. Stay tuned for our next quarter’s analysis, and don’t hesitate to reach out to us for personalised advice on buying or selling a business.