ABC Business Sales Quarterly Market Intelligence report for June 2024

The June-24 Business Sales Quarterly Report is out! 📊 Here are the highlights for New Zealand 🇳🇿:

📈 Business sales are up 37% compared to June-23 (112 vs 82 sales). This is a record high for the start of a financial year in 37 years! 🏆

🔑 Key driver: Increasing demand, with a record 20,000 ECAs (Electronic Confidentiality Agreements) logged with ABC Business Sales. 🚀

👥 Two main buyer groups:

New immigrants (over 100k), mainly from India, China, and the Philippines, preferring business ownership over salaried roles.
Increased redundancies, leading people to view business ownership as the best way to replicate their lost incomes. 💼
💲 Business prices and multiples have stayed flat up to June-24.