Neil’s Home Based Business Sold
Over the years there has been an increased demand from buyers for business that can be operated from home. There are many reasons for this, from personal freedom and flexible working hours to low overheads and the opportunity for increased professional and financial growth. So, it was no wonder that when Neil’s home-based window furnishing business hit the market, we had some great interest right away.
Neil operated his business in and around South-East QLD for over 7 years and had built up a 5-star rated brand, a great reputation and a profitable business model that meant he could achieve sales of $380K+ per annum and still work flexible hours by scheduling appointments around his family commitments.
Because this business was owner operated, Bonza needed to design all the advertising to attract the particular kind of buyer that would be suited to this specific retail/service business. This business held many positives, but the buyer ideally needed to live around the same area and have prior experience in the industry. When you are searching for a certain type of buyer, it is important to make sure you have an extensive advertising campaign so that you are not missing out on any potential interest. It is also common to see enquiry levels slightly lower than the average on a niche business, but the great news is that buyers who do enquire tend to be more serious and already prequalified.
Neil received a total of 9 enquiries in the 5.5 months his business was listed. This is a fabulous outcome for Neil and took place amid the Covid-19 time of uncertainty. Neil was over the moon with this result and very happy with his decision to list with Bonza. Bonza Business and Franchise Sales provide a commission free, full broker service that takes care of the entire process remotely. This meant that regardless of the government issued lockdown, Neil’s sale went through without a hitch.