Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


A good time to buy a manufacturing business

A good time to buy a manufacturing business

The manufacturing sector has shown some good growth over the last 18 month. Some great Manufacturing Business opportunities are up for sale, but you still need to do your homework.

While this sector had some difficult times during the economic downturn, we are now seeing some strong businesses emerge. Many manufacturing businesses have had to streamline their processes, re-focus and reduce costs just to survive, and are now reaping the benefits for their efforts.

Recent reports show New Zealand manufacturing activity has now expanded for the 18th straight month in February, with signs the buoyant economy is creating jobs. "The latest index suggests the manufacturing sector's upswing remains well in force into the early stages of this year" says the BNZ - Business NZ.

"Niche manufacturing businesses are popular and don't hang around long" states Richard O’Brien, Director of NZ Business for Sale website nzbizbuysell.co.nz, “If you're a smart operator, understand your market and specialise in your niche, there’s no reason you shouldn’t do well.”

While manufacturing has a number risks from being capital intense and high in people management it can also be very rewarding.

When looking at Manufacturing Business for Sale opportunities its important to; understand the business and the market. Know what’s needed for the business to work including; knowledge, skills, plant, patents, recipes, customer lists etc. as these will be needed for production and sales. It also pays to have some cash reserves to cover machinery break-downs, technology changes, lost contracts, or a slowing market. Where possible minimise the risks; use sub-contractors or lease plant. Consider what research and development you will need to invest in to keep ahead of the game.

Manufacturing is mostly about coordinating people, plant and resources to make things. Efficiency, focus and knowing your market are key in creating a thriving manufacturing business. By choosing a business you are passionate about and seeking sound advice, your new purchase should continue to flourish in this all-important sector.

For more information on Manufacturing Businesses for Sale check out www.nzbizbuysell.co.nz

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: RBNZ Starts Talks On Tougher Rules For Property Speculators

The Reserve Bank of New Zealand is stepping up preparations to restrict lending to residential property investors as it watches house prices, particularly in Auckland, continue to rise strongly. More>>

ALSO:

Research: ‘Ageing Well’ Science Challenge Launched

Science and Innovation Minister Steven Joyce today launched the Ageing Well National Science Challenge, confirming initial funding of $14.6 million. More>>

ALSO:

Scoop Business: Govt Resisting Pressure To Pump More Cash Into Solid Energy

Prime Minister John Key says it is “not the government’s preferred option” to make a fresh capital injection into the troubled state-owned coal miner, Solid Energy, but dodged journalists’ questions at his weekly press conference on whether that might prove necessary... More>>

ALSO:

Lagest Ever Privacy Breach Award: NZCU Baywide Accepts “Severe” Censure In Cake Case

NZCU Baywide says that once it was found to have committed a breach of a former staff member’s privacy, it had attempted to resolve the matter... the censure and remedies for its actions taken almost three years ago are “severe” but accepted, and will hopefully draw a line under the matter. More>>

ALSO:

Scoop Business: PayPal Stops Processing Mega Payments; NZX Listing Still On

PayPal has ceased processing payments for Mega, the file storage and encryption firm looking to join the New Zealand stock market via a reverse listing of TRS Investments, amid claims it is not a legitimate cloud storage service. More>>

ALSO:

Housing Policy: Auckland Densification As Popular As Ebola, English Says

Finance Minister Bill English said calls by the Reserve Bank Governor for more densification in Auckland’s housing were “about as popular in parts of Auckland as Ebola” would be. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news