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

 

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

The Nation: Call For Cross-Party Auckland Housing Plan

Penny Hulse calls for cross-party accord on Auckland housing because “it’s too important to score political points on”. More>>

ALSO:

Flu Season: Overcoming Vaccination Reluctance

While research shows that 40% of New Zealand businesses offer free or subsidised flu vaccinations to employees this time of year, HR professionals say persuading staff to participate is the biggest challenge. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news