ABC February 2024 Market Conditions Report

Key Highlights:

The level of enquiry from potential purchasers has hit an all
time historical high of 17,129 Signed Confidentiality
Agreements for the eleven months to Feb-24, this is a
substantial increase of 44% compared to a year ago.

701 new businesses listed with ABC for the first eleven
months of Feb-24 which is in line with historical averages.

The Feb-24 data suggests we are in a buoyant market with
both purchasers and sellers actively participating in
business sales; however completed business sales have
declined 3% and this is the result of buyers still being
hesitant to transact due to the current economic
conditions.

Business prices have started to flatten off with the last
twelve months growing at a more modest rate of 1%
compared to previous years that achieved double-digit
growth rates. The data shows that business prices peaked
in Dec-22.

Distressed business sales are not a relevant theme
currently and are less than 3% of new businesses coming
to market.