Perth may be the world’s most geographically isolated capital city, but it is not without its perks. Suppose you plan to make a new investment, and later sell your business. In that case, the city’s reputation as the economic capital of Western Australia will be perfect for attracting new buyers when the time comes. So, here are five reasons why a Perth business broker recommends investing in the city to appeal to prospective buyers.
Western Australia accounts for nearly 50% of the country’s export value. The state profited significantly from the natural resources caused by the mining boom. That, along with its proximity to Asia, makes Perth highly attractive to investors from around the world and get access to ample resources from different industries.
Besides, the state has a steady population growth which indicates an increase in the productive capacity of the economy. According to Perth business broker, this can increase the demand within your customer base which is ideal for prospective buyers.
Quality of Life
Perth is globally recognised for its quality of life. Despite the city’s cost of living being behind other Australian states, it is known for offering generous wages to skilled professionals. It also easily provides access to the expansive city parks, beaches, shopping malls, restaurants and bar scenes. Paired with the citizens’ laidback lifestyle for a healthy work-life balance, you can have your pick of an eager workforce to grow your business and get high-performing results.
A well-expanded company with skilled employees can raise the value of your business. And your Perth Business Broker will make sure you get the right appraisal.
As the city expands to meet the increasing global importance of Perth, the demand for large-scale projects increases as well. This includes focusing on investment attractions and utilising vacant properties.
To support this development plan, the government is also consistently making efforts. They’re also sponsoring programs like GovHack, TedX, West Tech Fest, etc. to diversify the innovative, entrepreneurial, and technology industries. Not to mention, the $1.5 billion investment to re-energise Perth will highly contribute to smaller businesses and organisations.
This will add more job opportunities to the already 2,300 ongoing employments as well as increase 7,500 construction jobs.
Perth is home to eight of the world’s fourteen largest energy and resources corporations of the world. As a member of the World Energy Cities Partnership, the city is a commercial powerhouse, and constantly creates opportunities for exchanging industry knowledge and economic development expertise.
Perth may be remote but it is, in fact, the closest to the Asian hubs compared to other Australian cities. The reasonable time zone allows for convenient and efficient communication traffic, making this business destination enjoy strong international connections. Besides, travelling to and from Perth internationally is significantly shorter as well.
So, even by partially selling your business, you can collaborate with global innovators and get access to their resources alongside what Australia offers.
Sell Your Business in Perth | Business Broker Perth
Investing in a business in Perth can set you up for a comfortable retirement. Because when the time comes, your booming business will attract potential buyers from all over the world. Make sure to contact your local business broker to discuss the possibilities of selling your business with the right value price.