A Rewarding Outcome.
In the world of business sales, every transaction is unique. Some deals close quickly, while others take a bit longer to find the right fit. In this particular case, the sale of a well-established pet industry business required more time and patience, but ultimately resulted in a rewarding outcome for both the buyer and the seller.
This business had all the right elements for a successful sale. It was set up to operate smoothly under management, with the potential to attract serious investors. Over 195 enquiries rolled in over just a little more than a year on the market—a testament to the business’s appeal and profitability. Yet, despite the strong interest from various investors, this sale wasn’t about finding just any buyer; it was about finding the right buyer.
The seller’s vision was clear—they wanted to sell to someone who was genuinely invested in the pet industry and ideally local to the community. This meant that even though we had multiple serious offers from buyers who saw the potential for great returns, the seller held out for someone who understood and cared deeply about the industry and its local impact.
And patience paid off.
Enter the buyer—a local entrepreneur with a growing business portfolio in the food and beverage sector. Having already purchased two businesses through Bonza, this buyer was familiar with the process and recognised the potential for adding a new layer to his expanding operations. His previous success allowed him to grow his footprint across different sectors, and the addition of this pet business was a perfect complement to his existing portfolio.
The end result? Both the buyer and seller couldn’t be happier. The buyer’s passion for the industry, combined with his existing business acumen, made him the ideal candidate to take over and grow the business further. Meanwhile, the seller found comfort knowing that their business was going into the hands of someone who was not only financially capable but also committed to the industry.
At Bonza, we’re proud to help business owners and buyers find the right match, creating successful partnerships that benefit both parties.