Current Market Conditions - May 2024

Current Market Conditions - May 2024

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  • The level of enquiry from potential purchasers has hit an all time historical high of 4,363 Signed Confidentiality Agreements for the two months to May-24, this is a substantial increase of 49% compared to a year ago.
  • 119 new businesses listed with ABC for two months to May-24 which is in line with historical averages.
  • The May-24 data suggests we are in a solid market with both purchasers and sellers actively participating in business sales; completed business sales have increased 21% and this is the result of buyers acting with more urgency & conviction when they find a business that meets their requirements.
  • Business prices have started to flatten off with May-24 declining 1% compared to May-23. The data shows that business prices peaked in Dec-22.
  • Distressed business sales are not a relevant theme currently and are less than 2% of new businesses coming to market.

 

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