In this episode of The Deal Room Podcast, host Joanna Oakey talks to Nigel Hall, Director of Bonza Business and Franchise Sales about market trends and financing options for buyers. Despite recent rate rises, Nigel reports record numbers of transactions completed in the market. However, there is now more caution from buyers due to banks not providing finance, Nigel shares with us how he’s seen buyers navigate this challenge. Nigel also discusses the importance of buyers being prepared – and you should expect to be asked for when seeking financing in the current climate.
Along with a few words of warning (which you don’t want to miss if you’re keen to avoid a nightmare/deal-breaking scenario), Joanna and Nigel also discuss the surge of “No Money Down” buyers in the market and the importance of being smart about your deal structuring.
Episode Highlights:
- 1:31 How the Australian business sales and acquisitions market has been performing despite recent rate rises
- 2:47 Bank caution with financing, what are your options
- 3:56 Preparation is key when applying for financing, showing asset registers and cash flow projections can help
- 4:57 Horror vs success – stories on the market from Nigel Hall
- 10:32 How to work with your finance broker to maximise your potential financing options for financing
- 11:12 Buyers should consider the long-term benefits of owning a paid-off asset
- 13:24 The risks in pursuing “No Money Down” deals – is it a good idea?
Connect with Nigel Hall:
Bonza Business and Franchise Sales
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iTunes: https://podcasts.apple.com/au/podcast/the-deal-room/id1267098895
Our Business Sales and Growth by Acquisitions Services
Aspect Legal has a number of great services that help businesses prepare for a sale or acquisition to help them prepare in advance and to get transaction ready. And we’ve also got a range of services to help guide businesses through the sale and acquisition process.
We work with clients both big and small and have different types of services depending on size and complexity. We provide a free consultation to discuss your proposed sale or acquisition – so see our show notes on how to book a time to speak with us, or head over to our website at Aspectlegal.com.au
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