Current Business Conditions and Sentiments

We believe it is important for our clients to have up-to-date knowledge on current business conditions and sentiments. You will find important updates listed below for your reference. 

In July 2020, nearly half (47%) of businesses reported decreased revenue over the previous month, compared to less than a quarter (24%) of businesses by June 2021. As a whole, businesses are experiencing … Read more »

COVID-19 Update

The Victorian Government has announced the following changes in restrictions, commencing at 11:59PM on Tuesday 27 July 2021.

There are no longer any restrictions on travelling across the state, including travelling to and from regional Victoria.Inspections are now permitted under private appointment with a maximum number of 10 people.Social distancing is still required. Inspection … Read more »

5 Tips to Maximise Your Business Value

Selling a business can be a confusing affair if you are not familiar with the process.

To help you off to a good start, here are 5 tips to maximise the value of your business:

Be prepared to sell

Make appropriate preparations so … Read more »

Restrictions Ease for Victorian Businesses

As announced yesterday by the Acting Premier, several key adjustments have been made to Victoria’s COVID restrictions. The following changes are effective from 11:59pm today, Thursday 17th June:

Face coverings must be worn indoors (except at home) but are no longer required outdoorsMelbourne will no longer have a 25km travel limitTravel between Melbourne and regional Victoria will be permittedIf you can work from home, … Read more »

Covid Restrictions Update

Our office will be closed from Friday 28th May and will re-open on Friday 11th June in accordance with the new restrictions announced on Wednesday 2 June 2021. All appointments and inspections during this period will be conducted virtually, with the exception of matters relating to settlement.

Should you need to contact us, our agents will be available via email and phone to provide … Read more »

The Importance of Planning Ahead when Selling Your Business

There are many reasons why business are put up for sale. Some of the more common reasons can actually have little relevance to the business’ performance. For example, many small business owners must sell due to health reasons or personal concerns, such as divorce or partnership issues. Whilst a business downturn or the threat … Read more »

Autumn is the perfect time to buy or sell a business

Autumn is the perfect time to buy or sell a business, and turn over a new leaf! At this moment during 2021, we have higher levels of quality listings to choose from, thanks to heightened activity amongst buyers and sellers. The economy is on the road to recovery from the COVID-19 outbreaks and the lengthy lockdowns. As … Read more »

Increasing Buyer Demand in 2021

2021 is off to a brilliant start in business sales as Seek Business reports another record month of traffic and enquiries. With website traffic up 23% and enquiries up 45% compared to January 2020, this year promises to see the market rebound in astonishing fashion. Thus far, initial results in February indicate another amazing month of growth … Read more »

Current State of Business Sales

After some rough going in 2020 due to the effects of Covid-19, we at First Choice Business Brokers are confident and prepared as we head into the New Year. Since restrictions eased last November, our sales and enquiries have been steadily increasing for a strong finish to a tough year. In 2021, we continue our commitment to keep you informed about the current state of the market … Read more »

Happy New Year – Buy or Sell a Business in 2021 with First Choice!

Happy New Year! We hope you and your loved ones had a safe and relaxing holiday season. With 2020 now behind us, we look forward to the New Year and all the potential that it holds.  

It is our pleasure at First Choice Business Brokers to aid you in buying or selling a business. Whether you are a prospective buyer searching for your dream … Read more »