Business Confidence is up, 2018 is Time to Buy a Business!

The Westpac-Melbourne Institute Index of Consumer Sentiment has risen 1.8% in Australia to a 4 year high, indicating a sharp improvement in confidence about the economic outlook. Paul Dales, Chief Economist at Capital Economics says “This adds to the recent run of encouraging news about the health of the household sector.” This revival in consumer confidence is a further sign that the domestic economy is recovering from the mining slowdown. … Read more »

Buy a Business, and make your dreams a reality in 2018

Happy New Year, and Happy Summer! The weather is heating up, and we’ve all had a lovely holiday. But now our brokers are back from leave, and we’ve been busy bringing quality businesses on the market, making this a great time to find your next business opportunity.  Recent economic surveys have found business conditions at an all time high. Gains have been driven by higher sales and profitability, and lower … Read more »

Season’s Greetings 2017

On behalf of all the team here at First Choice Business Brokers, I wish you and your family a safe and enjoyable festive season.

2017 has been one of the most exciting ever at First Choice, as we completed our office renovations after over 11 years in Box Hill. We have used 2017 to become ever more knowledgeable about modern ways to … Read more »

Buy a Cafe in Melbourne, and Get a New Way of Life in 2018!

Here at First Choice Business Brokers we’ve expanded a great deal since we started out 10 years ago, when we mainly helped people buy and sell food hospitality outlets, including buying cafes, bakeries, restaurants and food franchises. These days we sell so much more, but food hospitality remains our “bread and butter” (pardon the pun!).

When you buy a cafe business you want everything in order: profit and loss statements, lea… Read more »

We don’t just transfer businesses, we transform lives

When I look over the past 20 years as a business broker, I think about all the lives I’ve helped. The team here at First Choice have a strong sense of pride in the work we do, because we know just how much business brokers add value.
Sometimes business brokers meet people at the most difficult time in their life. Perhaps their … Read more »

Simple Positive Changes for Small Business

The New Financial Year bring new opportunities with it; Simpler Business Activity Statements(BAS), Instant Asset Write Off Extension and Single Touch Payroll(STP). Paperwork can be onerous for small businesses to operate effectively and efficiently. Simpler BAS means that small businesses with turnover less than $10million will find it less cumbersome to only report 3 items instead of 7 items to ATO. In addition with the Asset Write Off Extension till … Read more »

A Great Time to Buy a Business as Business Confidence Reaches All Time High

Australian businesses received exciting news last night with the release of the NABs latest findings on Business conditions. The Bank’s economics team have placed business conditions in October up 7 points (to 21 points), supported by improvements in manufacturing. Personal services have also seen a sharp spike. The gains were driven by higher sales and profitability. Inflation was softer and labour … Read more »

Sell Your Business Faster, Know Where Buyers See Your Value

Here at First Choice Business Brokers we see all types of businesses sell to a wide range of buyers. After helping people buy and sell businesses over the past 2 decades, we’ve started to get a sense of people’s motivations for their purchases.
The largest group of buyers that we tend to see at First Choice are Financial … Read more »

We’re celebrating an exciting new look!

We’re excited, because after ten years in our Box Hill offices, we’re expanding our space, and launching a brand new look!  The new-look offices reflect our attitude as business brokers. The new look tells our patrons that we’re warm, welcoming, professional, and cutting-edge. We’ve embraced modern design styles, with multiple relaxed spaces for people to make a coffee, recline in lounges, and hold their meetings in style! The lighting is … Read more »

Business Confidence is Up! A Great Time to Buy a Business

The National Australia Bank released a report yesterday showing that the business confidence index has risen 2 places in Australia over the past month, from 5 to 7. This result appear to have been boosted by rises in profitability (up 2 points to 17) and sales (up 1 point, to 19). Business conditions are now reported to be at their highest since early 2008. Alan Oster, NAB’s Chief Economist said … Read more »