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


New Choices For Business Sellers And Buyers

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 -

© Scoop Media

Business Headlines | Sci-Tech Headlines


Statistics: Annual Inflation Hits A Three-decade High At 5.9 Percent
The consumers price index increased 5.9 percent from the December 2020 quarter to the December 2021 quarter, the biggest movement since a 7.6 percent annual increase in the year to the June 1990 quarter, Stats NZ said today... More>>

Digitl: Bumper year ahead for NZ IT sector

Gartner says New Zealand spending on technology products and services will grow 7.4 percent this year. The company’s latest forecast says the market will total NZ$15.3 billion in 2022... More>>

Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>

Skoltech: Study Probes Earth’s Turbulent Past To Explain Where Oceans Came From

The origin of water on our planet is a hot question: Water has immense implications for plate tectonics, climate, the origin of life on Earth, and potential habitability of other Earth-like planets. In a recent study in Physical Review Letters, a Skoltech professor and his Chinese colleagues suggest... More>>

Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>