Dru Morgan, the Director of Morgan Business Sales, believes that after consolidating on the East Coast of Australia, the time was right to offer their services Australia wide.
“We started our business on the Gold Coast and quickly expanded into neighbouring areas, Brisbane and Northern NSW.
Finding success, we then went after the East Coast of Australia. Establishing offices in Sydney, Newcastle, Melbourne & Adelaide.
Quickly realising success in these new markets drove home to us how much of a need there is for our services. So we decided to speed up our growth plans and go national sooner than later. Now having brokers and offices in Perth, Hobart and Canberra.”
When queried whether tightening economic conditions made him question his expansion plans, Mr Morgan said it had the opposite effect.
“While the Australian economy as a whole is slowing, we’re not seeing this impact the business sales market. In fact the current conditions are having the opposite effect.
Many business owners are moving now to ‘sell at the top’ before a potential downturn in sales and therefore valuation. While many investors are bringing money into the business acquisitions market. Rolling up businesses as an investment vehicle while other markets trend down.
These macro conditions made it more appealing to accelerate our national growth plans”
Mr Morgan played his cards close to his chest when queried about future growth plans.
“For now our sole focus is Australia. There are so many more people we can help here. We’re just scratching the surface so we’re keeping the blinders on.
We never say never to anything, but for now we want to focus and help as many Australian business owners and investors as possible.”
About Morgan Business Sales
Morgan Business Sales are Australia’s leading Specialist Business Brokers. For the past 25 years, they have successfully sold hundreds of large and small businesses. Whether looking to buy or sell, they are ready to assist.
From Business Valuations, Franchise sales, to corporate sales, and large business sales to the very smallest business sale, their experienced team of Specialist Business Brokers are ready to achieve a great result. Learn more about Morgan Business Sales via their website here: www.morganbusinesssales.com
Morgan Business Sales
Suite 19, 103 George Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Feature Georgia Heralds was involved in the writing and production of this article.