Morgan Business Sales Announce New Service For Newcastle Business Owners
Feb 9, 2024
Morgan Business Sales, a leading business brokerage firm in Australia, is excited to announce the launch of Morgan Exit Advisory, a new service designed to help Newcastle business owners prepare for a successful sale.
Newcastle, Australia - February 9, 2024 /PressCable/ —
The new service is being directed by industry veteran Dru Morgan who said the aim is to solve a key problem in the industry - low sale rates.
"An unfortunate reality in the current market is that only about one in three businesses that get listed for sale actually end up selling. The main issue that we see time and time again is that businesses are unprepared for a transition when they list for sale. They have too many risk factors that put off prospective acquirers. From being over reliant on their current owner, to having a short lease."
To solve this problem, the Morgan Exit Advisory team looks at client's businesses from an investor's perspective. Helping owners identify and address any potential roadblocks to a smooth sale.
The first step in the process is getting business owners to complete a questionnaire which calculates their current 'saleability score'. The likelihood that their business would sell if it went to market in its current state.
Mr Morgan said that the results from the assessment were eye-opening to most owners.
"In nearly every assessment so far, the saleability score has come back below 50%. This is quite a shock for business owners who assume that they will have no issue exiting their business. Unless they make change and prepare, the reality is very different."
Morgan Exit Advisory is available now for business owners throughout greater Newcastle. Mr Morgan stated that while the program is targeted to business owners looking to sell in 12 to 24 months, any business would benefit from participating.
"The reality is that all business owners will exit one day. The earlier an owner can start positioning their business to be appealing to an acquirer, the better their outcome will be".
More information about Morgan Exit Advisory can be found on the Morgan Business Sales website here: https://morganbusinesssales.com/business-brokers-newcastle/
Contact Info:
Name: Dru Morgan
Email: Send Email
Organization: Morgan Business Sales - Newcastle
Address: 1 Tudor St Newcastle West, Newcastle, NSW 2302, Australia
Website: https://morganbusinesssales.com/business-brokers-newcastle/
Source: PressCable
Release ID: 89121101
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