Company: Blue Bird Products Australia
Time to sell: 1 week
Offers: 2
Sold: 5.5% above asking price
Customer
Established in 1999, Blue Bird Antipasto opened its doors as a family business. They source and use only the freshest ingredients to manufacture high-quality Italian style antipasto.
Background
Blue Bird Antipasto continues to be a top Australian business. They create and supply a superb range of fresh, flavourful antipasti for restaurants and retailers, big and small, both within Australia and overseas. The owner’s wished to sell to someone who had the same passion that she and her husband had had for so many years.
Brief
The owner’s accountant had valued the business and with the help of Valu.LINK, our proprietary appraisal tool, we were able to arrive at a valuation that pleased everyone. It even came up 5.5% from what the owner had expected.
Our approach
Within days of providing the appraisal and advertising the business on our selling platforms, we were able to attract several serious buyers. Within days, we received a signed Heads of Agreement, which was accepted soon after.
Solution
Once LINK identified that there were two serious purchasers, we were able to get the owner in front of the two parties, and the most favourable offer was agreed on.
Result
An excellent result was achieved, which exceeded the vendor’s expectations. It was a straightforward process for the retiring vendor.