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BizExchange is pleased to assist all media enquiries in relation to Australia's private business market.  In particular, this section of the site is designed for journalists wanting a ready snapshot of BizExchange and Australia's private equity market.   It includes press releases, overview of key issues as well as other media related resources.

MEDIA RELEASE

28 November 2011 

 

DRAMATIC INCREASE IN SMALL BUSINESSES FOR SALE

IS A CRISIS LOOMING FOR BUSINESS OWNERS THINKING OF RETIRING?

 

The volume of businesses for sale skyrocketed in the September Quarter from a previous record volume in the June Quarter, according to the latest BizExchange Index of Private Company Values.

 

Values remain at an all time low with three out of four listings with EBIT ratios below 2.

 

Insolvencies showed a marked increase in the September Quarter according to ASIC data.

 

Net sentiment in the market remains negative.

 

BizExchange Chairman David Bird commented that there were a number of factors contributing to negativity including major commodity prices softening, inbound tourism and foreign students down, uncertainty over the world economy especially Europe, and increasingly unsettled industrial relations domestically.  Added to this  residential property values are generally  flat or falling.

 

Mr Bird said “Widespread cost cutting and growing retrenchments are reinforcing a cautious approach by consumers.

 

“Their common sense approach to reduce debt in times of uncertainty could exacerbate any downturn in Australia.

 

“Smaller businesses are usually the first to feel changes in economic conditions”.

 

He noted that it was interesting that the Federal Government, which overworked and misdirected the stimulus after the Global Financial Crisis when the economy was unusually buoyant, now looks like cutting back on expenditure when there are many signs of a general economic slowdown in prospect.

 

“The implications for business owners approaching retirement or waiting to exit are ominous.  Downward pressure on values is now very likely”.

 For further information contact David Bird on 03 9606 0055, 0419 380453 or davidb@bizexchange.com.au

 

 

The BizExchange Index is available for purchase from valuemybusiness.com.au

 

 

 

 

About BizExchange

BizExchange is an online marketplace for business sellers, investors, purchasers and their advisors.  Businesses can be listed for sale or investment on a confidential basis.  The company was established in 2005 and became operational in August 2006.  BizExchange can reach a larger pool of purchasers or investors cost effectively wherever they are in Australia or overseas.

 

The company derives its revenue from listing fees.  It is not a broker and does not take commissions.  It has individual businesses listed as well as businesses listed through professional firms such as accountants, business advisors and business brokers.

 

For further details on listing costs and for further information please go to www.bizexchange.com.au

 

 

Released by:  

 

BizExchange Pty Ltd                                            David Bird

Level 7, 99 Queen Street                                     Chairman

Melbourne                                                            Tel: 03 9606 0055

Tel: 03 9606 0055                                                 Mob: 0419 380 453

 

 



 

Media Enquiries

All Media enquiries should be directed to

 

Michael Potter                                                             

Communication Advisor                                             

Tel (03) 9617 3700                                                      

Mob: 0417.541 737      

 

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