The current business market: NAI Harcourts
Currently commercial real estate consultants and business brokers are frequently being asked what the market is doing for business sales.
That is certainly the case for Athol McCully and Cecilia Xiao of NAI Harcourts, Christchurch City Commercial. They say that right now they are seeing a lot of new interest from people seeking to buy businesses in the Christchurch area and many businesses are going under offer.
“As we are aware,” adds Athol and Cecilia, “Christchurch is a great place to live and it seems that the word has spread. The modern city we now have is a real attraction, along with highly reputable education facilities, leisure locations on Banks Peninsula, the lure of the alps and so on. As many businesses rebuild post-pandemic, the financials are looking better, making way for the potential realisation of better prices for these businesses.
Athol and Cecilia have some pertinent advice for businesses thinking of going to the market. “It is a good time to seek an appraisal of the current market value of your business as a forerunner to going to the market.” As business brokers we can offer obligation-free appraisals to those interested. So, get those 2023 financials processed by your accountant and allow us to undertake an appraisal.
You may be pleasantly surprised. If you decide to hold off going to the market in the short term, at least you have a ‘marker’ of the current market value of your business.”
Get in contact with Athol and Cecilia today by visiting the Harcourts Business website.
