The impact of Brexit and new Prime Minister Boris Johnson on business sales for leading National business transfer agent Guy Simmonds in 2019

Brexit

We are all continuing to ride the political/economic rollercoaster and the Brexit debacle, whereby clearly "the only thing that's certain is uncertainty". This is further exacerbated with the implementation of our new controversial and 'unelected' Prime Minister Boris Johnson, which looks assured to cause yet more volatility, divisive splits and chaos at home in the UK. No doubt yet further uncertainty will ensue, with on-going speculation upon Brexit/Transition Period and now potentially damaging economic conjecture upon a future date for an unwelcomed early General Election - probably in 2019 or 2020.

We are of course aware that uncertainty creates volatility in stock markets and can cause stagnation in the residential housing market. Many economists state current levels of both are at a false high, unsustainable and may well 'crash' or suffer a circa 30% severe correction, in view of the impact of sustained Brexit chaos, political uncertainty, devaluation of sterling, and general perceived apathy.

Boris Johnson

At Guy Simmonds we remain resolutely positive and are pleased to report that both 2018 and 2019 thus far has proved to be buoyant and resilient to these threats. Correct valuations of businesses should correlate to turnover and reconstituted profits achieved, relating to current market conditions, aligning to our vendor clients' pragmatic expectations. Consequently, providing vendors are receptive to realistic offers, we are pleased to announce completions are taking place as normal.

Indeed, we have recently sold an excellent number of businesses NATIONALLY, ranging from tied leases from £19,950, up to multiple freehold sales above £1 million. Looking ahead we have an excellent pipeline of sales moving into late summer, autumn and winter of 2019. Viewings from prospective purchasers, are also currently at a record high, and we have a shortage of quality businesses in some areas.

Sold for Brexit

The devaluation of £1 sterling has in my opinion, not detrimentally impacted upon the business sales market in the UK, and it should not of course affect our domestic commercial market. Indeed, at Guy Simmonds our increase in business sales activity has corresponded with the devaluation period of sterling. This may well be attributed to both the increase of 'staycation' holidays UK citizens are electing to take (due to their £ going further and not subject to the disparity/devaluation abroad) and also we have had an increase of expatriates, contacting Guy Simmonds from different countries in Europe, looking to buy a business through ourselves (obviously the weaker £ is to their benefit).

Our speciality free-of-tie leases (both the creation and assignment thereof) continue to be in huge demand. We advise upon creating these (and find a suitable long-term lessee) for retiring freehold business owners and investors, thereby producing an attractive and sustainable rental income for their retirement, whilst retaining their freehold appreciating asset for investment.

Due to recent on-going sales and our extensive innovative marketing methods, we are urgently and constantly seeking further leaseholds and freehold businesses to sell, throughout England and Wales.

If you are thinking of selling or leasing your business anywhere in the country, telephone us on 01332 865112 for a free confidential valuation. Or email sales@guysimmonds.co.uk

Thankfully the threats from Brexit, the geopolitical climate, and government instability have thus far not impacted detrimentally upon our sales activities within the licensed trade, with sales remaining strong, and indeed have increased this year compared to 2018. It may well be and later proven, that for a shrewd vendor, now could be the optimum time to sell or lease a business, since none of us can see into the uncertain future. Similarly, shrewd purchasers may decide that this prolonged period of uncertainty is actually the optimum time to purchase their desired freehold or leasehold business which is correctly valued relating to the present economic climate and verified net profits/turnover produced by individual businesses.

In conclusion, at Guy Simmonds we are pleased to report that the UK business sales market in 2019 is continuing to prove resilient and successful for us, despite 'Brexit uncertainty'. We have of course seen many economic and business sale scenarios in our successful and long circa 35 year experience in selling UK businesses nationwide, the economic and geopolitical climate is of course cyclical, but our job and on-going success is to take this into account, and continue to innovate and use our expertise in achieving maximum marketing exposure, whilst also offering our personal and professional service/advice to both our vendor/selling clients and valued purchasers.

National Business Sales and state of the market for 2019 at leading business transfers agents Guy Simmonds by Managing Director Stephen Taylor. Market resume, conclusions and future market analysis. Impact of Brexit and new Prime Minister Boris Johnson on general business sales, pub sales, hotel sales, restaurant sales, coffee shops, licensed businesses, commercial businesses, catering businesses, takeaways etc. Selling or buying a business? How to sell your freehold or leasehold business successfully - Contact leading national licensed business transfer agents Guy Simmonds.

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Looking to buy a Pub? Sell a Pub? Looking to buy an Inn? Sell an Inn?

Please visit www.guysimmonds.co.uk to see all of our licensed businesses for sale including hotels for sale, pubs for sale, restaurants for sale etc.

Looking to Buy a hotel? Buy a Pub? Buy a Restaurant? Please visit www.guysimmonds.co.uk to see all of our licensed businesses for sale.

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PHONE 01332 865112

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email: info@guysimmonds.co.uk