The average sale price of Australian Businesses surged last month to its historical all-time high. One of Australia’s largest national business brokers, Morgan Business Sales have reported the average sale price of businesses sold nationally between 1st July 2021 and 30th June 2022 peaked at AUD$2,058,322, up from AUD$1,635,776 in the same period last year.
“The combination of a large number of retiring baby boomers combined with historically low interest rates and surging asset prices have made a perfect storm” said Morgan Business Sales Director Dru Morgan. “Its a great time to sell, we’re achieving higher prices now than at any time in history”.
Even with recent interest rate rises Mr Morgan expects the strong demand to continue well into 2023 and beyond. “International borders, which have been shut down over the past two years are now open again”, he said. “This will trigger increased international demand for Australian Businesses even moreso, we expect the next two years to be a golden period for people looking to sell their business”.
About Morgan Business Sales
Morgan Business Sales are Australia’s leading Specialist Business Brokers. For the past 25 years, they have successfully sold hundreds of large and small businesses. Whether you’re looking to buy or sell, they are ready to assist you.
From Business Valuations, Franchise sales, to corporate sales, and large business sales to the very smallest business sale, their experienced team of Specialist Business Brokers are ready to achieve a great result for you.
The team at Morgan Business Sales know that as your business grows, or life changes, it is imperative to clearly understand the value of your business. Whether you are looking to sell your business, looking for a change in lifestyle, or looking for an equity partner to assist you to take your business to the next level, they can equip you with the knowledge you need to take the next step.
To learn more about Morgan Business Sales and their array of services via their website here: https://www.morganbusinesssales.com
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