Due to recent regulatory and economic changes, there is a noticeable trend towards certain industry sectors amongst business buyers. One of the more notable trends is the move away from purchases of manufacturing businesses towards those relating to import and distribution. Jamieson has many years of experience in most of today's well sought after industries. Some of these industries include:
• Import and distribution • Customs broking/freight forwarding • Fashion • Finance- insurance broking and financial planning • Injury/rehabilitation management
We have recently been involved in valuations, sales and acquisition searches of SME private businesses in these industries. Please contact us for more information on today's popular industries.
Planting the Seed for Succession
Newspoll surveys show that nearly a quarter of people aged from 18 to 34 are seriously considering buying a business. Baby boomers need to be well prepared if they are to reap the rewards from this young and eager buying market. Experts believe business owners need to factor in more than the traditional considerations in their succession planning. Yes, documenting your business processes, good record-keeping and having a progressive plan to transfer your goodwill are all very important in ensuring that your business fetches a high value when you're finally ready to sell. As is having a good business broker that understands your industry and has a strong track record for negotiating deals. However, there now seems to be another important consideration- psychology. Because younger people are likely to buy businesses, astute sellers will make an effort to understand what makes them tick.
Studies show that Generation Y expect more than just a job; they expect to fulfil multiple expectations including work variety, fun and opportunity. The younger generation hunger for challenges over and above all. Instilling flexibility in the workplace and allowing for growth opportunities will make your business more attractive to young buyers. A good way to start preparing your business for a thriving succession might be to encourage an environment where different ages can mix and share ideas.
Jamieson Corporate Services is currently offering free preliminary pre-sale assessments and market value appraisals of businesses in certain industries. Please contact us for guidance on maximising the value and transferability of your business prior to selling.
About Jamieson Corporate Services
It is fundamental to the Jamieson process to maintain confidentiality of the business sale process and to act only when we have attained clear authority. Please contact Paul de Rome or Rodger Williams for a confidential and obligation-free discussion on the sale of your business. Further information about our people and services is available on our website www.jamiesons.com.au
Jamieson Corporate Services provides personalised and confidential business valuation and broking service to owners and managers of private businesses. For broking assignments, we only take on a small number of carefully selected business sale or acquisition transactions at any one time. This focussed approach allows us to achieve successful results for our clients. Our team consists of experienced business brokers. Our principals are licensed as business agents by the NSW Office of Fair Trading. Jamieson is also a member of the Australian Institute of Business Brokers
(AIBB) and the Real Estate Institute of NSW (REINSW). Generally, business agents or accounting firms are unable to offer the scope and depth of practical business experience that Jamieson brings in advising proprietors on the sale of their businesses. Jamieson's principals have financial and technical backgrounds and are experienced as industrial managers, directors and shareholders of medium-sized companies. This provides a sound base for advice to owners planning to sell their business. Our 20 years of experience as business brokers enables us to demonstrate to purchasers how they can achieve a good fit and profit from a business acquisition.
