Thinking outside the box.
In the world of business sales, every transaction has its unique story. Today, we’re sharing a remarkable success story about the sale of a backyard orchid farm that many deemed unsellable.
The seller had nurtured a beautiful orchid farm in his backyard for years. However, when he decided to sell the business, he encountered a significant challenge. Local business brokers were sceptical and bluntly declared the business unsaleable due to its unconventional setup. Despite these opinions, Bonza recognised potential where others saw obstacles.
Our efforts paid off when we attracted the attention of a local buyer who had recently completed his horticultural degree. This buyer was eager to apply his newfound knowledge and skills in a practical setting. The orchid farm was the perfect opportunity for him to start his career and fulfil his dreams.
Negotiations commenced, and the idea of subdividing the land emerged. With the support of his family, the buyer was able to secure funding for the purchase. Both parties agreed on a cash deal at a 2.65 multiple, reflecting the true value of the business.
The final hurdle was to obtain Council approval for the subdivision. Bonza worked closely with both the seller and the buyer, ensuring all necessary paperwork was in order and expediting the process. After a few weeks of diligent effort, the approval was granted, and the sale was ready to be finalised.
This story is a testament to the power of vision, perseverance, and the right strategy. It shows that even the most challenging sales can be turned into success stories with the right approach and a bit of creativity. We’re proud to have been part of this journey and to have helped both the seller and the buyer achieve their dreams.
Contact Bonza today to see how we can help you achieve your business goals!
