Archive for the ‘Uncategorized’ Category

Australia’s GDP growth is leading the world

Australia’s transition into COVID normalcy has taken yet another great leap providing a reassuring outlook for local businesses. The Victorian Government has announced that most COVID-19 restrictions will be removed from 11:59pm, Friday 22 April 2022 which include:

Easing of vaccination check in requirementsEasing of face mask restrictionsRelaxation of quarantine and isolation requirementsReduction of workplace contact tracing measure… Read more »

Budget 2022-23 is Good News for Small Businesses

The Treasurer delivered the Federal Budget on Tuesday 29 March 2022 marking yet another milestone in leading Australia out of the pandemic. Australia has outperformed all of the major advanced economies in its ability to rebound into a thriving and robust economy providing a positive outlook for small businesses moving into 2022-23.

This year’s Federal Budget provides well considered structural reform that will greatly benefit … Read more »

Australia is Open for Business

Gradually, the Australian economy is returning to some semblance of normalcy as the country is set to open its international borders from 21st February to double-vaccinated foreign visitors and visa holders. The expected influx of foreign workers, immigrants and tourists bodes well for pandemic-affected businesses. With businesses becoming more profitable again, this opens up the market potential, creating more opportunities for buyers and sellers alike…. Read more »

Buy or Sell a business in 2022, and build a new beginning!

Happy New Year! We love
helping people to find their next exciting opportunity. Whether you are a first
time business owner, or a seasoned professional looking for another venue, we
would love to help you build your future. 

If you’re looking to buy or sell a business in 2022:

Telephone us on (03)
9899 1888 to speak with one of … Read more »

Season’s Greetings

On behalf of our team at First Choice Business Brokers, I would like to wish you and your loved ones a safe, relaxing, and joyous holiday season.

We are now approaching our 17th year of operation here in Box Hill, and take great pride in continuing to deliver quality services despite the challenging circumstances in 2021. Our team of expert brokers have adapted quickly to … Read more »

Business Recovery as COVID Restrictions Ease

Following Australia’s major milestone of an 85% double-vaccination rate, Prime Minister Scott Morrison has recently announced a business-led recovery for Australia by easing border restrictions. From December 1, fully vaccinated eligible visa holders can travel to Australia without a travel exemption. As a result, up to 200,000 tourists, backpackers, international students and skilled migrants will flock to the country during the summer season.

This reopening … Read more »

Current State of Business Sales

As Victoria’s economy comes back into bloom along with the spring season, now is the ideal time to consider buying or selling a business. With Melbourne re-opening after months of lockdown, we have been flooded with inquiries from buyers who have regained their confidence and are scouring the market for new business opportunities.

Despite lockdowns, businesses are in higher demand than ever, with a 15.2% … Read more »

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 »