Business Sales 2022 Mid-Year Update

Effectively immediately Megan Mander, who has extensive industry experience and was recently elected to the board of the Real Estate Institute of Victoria, will join MMJ Melbourne’s current directors Joel Wald and Allison Brudenell, in driving the continued development of MMJ throughout Victoria. 

Australia’s booming property market has reached record highs in the face of extended lockdowns and growing affordability constraints, resulting in the strongest annual growth in more than 30 years.

The Delta outbreak has interrupted the recovery of the Australian economy and GDP is expected to have declined materially in the September quarter. The outbreak is affecting many parts of the economy, but the impact is uneven, with some areas facing very difficult conditions while others are continuing to grow strongly.

Every story has an ending, and for many business owners the final chapter can be one of the most challenging. There is no guarantee of a happy ending, however there are some simple steps that give your business the best chance of selling at a fair market price. Finding a buyer gives you the recognition for the hard work you have put into building your business and can also provide funds for your next venture/investment or your retirement.