ABC Business Sales Quarterly Market Intelligence report for March 2024

The ABC Business Sales March 2024 Quarterly Report is out, and it's packed with insight into the New Zealand business sales market:
📈 Demand for business sales is soaring, hitting historic highs with 19,866 confidentiality agreements signed in the last year, a whopping 51% increase from the previous year.
📉 Despite the surge in demand, completed business sales have dipped by 5% to Mar-24. Cautious buyers, uncertain economic conditions, and valuation gaps between buyers and sellers are the main culprits for this decline.
💰 The average business price has seen a slight annual decrease of 1%, with prices peaking in Dec-22.
🔄 An emerging trend to watch out for is vendor financing, which has become more prevalent in completed business sales. In the last 100 deals, 12% included vendor finance, a significant increase from just 2% three years ago.
This report offers valuable insights into the current business sales landscape in New Zealand. For more details on business prices, recent sales, and multiples, check out the full report below. (Psst... there's a new section with detailed info on business multiples and recent sales!)