INDEPENDENT NEWS

New Choices For Business Sellers And Buyers

Published: Fri 19 Dec 2008 02:19 PM
Experienced Business Broker Offers New Choices For Business Sellers And Buyers
Experienced business broker Jim Tabak has developed a new concept for company sales via his latest venture Seasons Business Transfer Specialists.
"This new concept complements the traditional business sale exit route and helps meet the requirements of the changed financial and credit markets," he says.
Tabak, who founded Tabak Business Sales in 1996, left that organisation recently to launch Seasons, which offers different options for business sales, including a gradual transfer system.
Tabak and his associate Tom Wilson believe that method is best suited to the current economic climate.
"The business transfer option will offer both business sellers and buyers a wider range of choice and flexibility and the ability to build a successful transaction around their own specific personal and funding requirements," says Tabak.
"This will be the way most business sales will be transacted in the future, in order to retain the integrity of the transition from seller to buyer, the transfer of the goodwill of the business and the funding of the deal."
The Seasons business transfer process has been endorsed by many leading banks, accountants and lawyers.
"They are telling us this is the way all business will be sold in the future and that it is the only way they would personally ever buy a business, because it is the best approach for maximising value.
"What New Zealand businesspeople need right now is the flexibility to transition out of their business over time and for a new owner to successfully transition into it, while maximising value for both. This reduces risk for all parties while maintaining continuity and goodwill within the business," says Tabak.
- ends -

Next in Business, Science, and Tech

KiwiRail strike notices withdrawn following new offer
By: Rail And Maritime Transport Union
Stress Tests Show Strengthening Bank Resilience
By: Reserve Bank
Building Activity Down In September Quarter
By: Statistics New Zealand
Deputy Governor Reflects On Time At RBNZ
By: Reserve Bank
Data Reveals ICT Expenditure Key To Small Business Sales Growth
By: Xero
Fonterra Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update
By: Fonterra
Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts
By: Canterbury Museum
View as: DESKTOP | MOBILE © Scoop Media