Is now the time to buy or sell a business? With so many businesses closing their doors during the corona-virus outbreak, you might think the answer is ‘no’. 

There’s no denying the current economic situation is dire; however, a recent survey has revealed that buyers and sellers are still in the market and the future is brighter than you think.

In fact, with many Australians losing their jobs due to corona-virus, it’s likely that many more will be keen to buy their own businesses.

"In our recent buyer survey, around 13% said they would buy a business to gain employment whilst another 30% want to change their lifestyle. A further 32% are investors and 21% are business owners looking for an acquisition to expand their current businesses." said Zoran, a founder of  business sales company.

If you’re looking to sell your business, take note: whilst profits may be down, serious buyers are still looking. The two main factors they are seeking are low fixed overheads relative to sales levels and a good forward plan.