LET US HELP YOU NEGOTIATE A WIN-WIN OUTCOME.

From start to finish Kurt handled the sale with professionalism and clear communication. He kept us well-informed throughout the process and worked hard to achieve a great result.

ReGroup Solutions , 12 Aug 2020 Ian’s client was a director who had been in business for 51 years as cladding contractor. The Company had up to 100 employees working from owned factory premises and on-site at large commercial building sites nationally. The Director had been thinking of succession and made contact with Ian to investigate the sales potential of his long-standing and reputable business. Unfortunately, the COVID-19 crisis struck and the Company’s supply chain was severely impacted. The Director sought the advice of a registered liquidator, who recommended external administration. The Director’s hopes of achieving a positive sale quickly diminished and the position with the bank meant there was now a serious risk he would lose his family home.  Operating nationally, Benchmark has a huge database of prospective buyers and Ian had already generated significant genuine interest by drafting an impressive Information Memorandum and selectively negotiating with several key interested parties. Ian was concerned over the liquidator’s advice to his Client. The Director was being pressured into placing the company into voluntary administration (which Ian could see was premature and too drastic). Ian had identified his Client’s potential and felt that any insolvency procedure would unnecessarily destroy the company’s goodwill and asset values.  ReGroup Solutions would like to give a huge thanks to Ian for referring his client, the Director, to us for a second opinion. After conducting our preliminary analysis, ReGroup Solutions advised the Director on his capacity to utilise the ‘insolvency safe harbour’ under section 588GA. The new legislation, effective since September 2017, provides directors with protection from insolvent trading personal liability whilst they explore a range of restructuring and turnaround strategies. This enabled the Director to continue trading his business so that a ‘going concern’ sale could still be actively pursued by Ian. This meant Ian could still maximise the outcome for his Client by continuing his strategic negotiations.  ReGroup Solutions provided initial crisis management advice and then proceeded to investigate the various restructuring and turnaround options with the Director. The insolvency Safe Harbour provided the director with breathing space and enabled Ian Haggerty to continue his negotiating with key interested parties. The team at ReGroup Solutions worked closely with Ian Haggerty throughout the entire process – despite being an extremely complex matter, made worst by the COVID crisis, we’re delighted to say that Ian successfully negotiated a tremendous outcome for his Client!   Ian lead the way in agreeing a sale of his Client’s business, assets and the large factory premises. This not only meant the majority of workforce kept their jobs but the indebtedness to the bank could also be fully satisfied. The Director’s home was no longer at risk and Ian’s Client stands to walk away with potential surplus of $1.5m. The deal stands to return 100c in the dollar to trade creditors. Ian even secured his client a two year consultancy position with the purchaser - and at an exceptional rate! Ian’s Client can now take a well-deserved step back, with his impeccable reputation intact.   On a personal level, it was an absolute pleasure collaborating with a skilled negotiator such as Ian. The very purpose of the insolvency Safe Harbour is to help the director find a ‘better outcome’ for all stakeholders by utilising a skilled team of professionals. In this particular case, Ian was able to get an outstanding outcome for his Client on multiple levels. This was despite the extremely difficult and volatile market conditions.  Congratulations to Ian Haggerty on what has ended up being a landmark Safe Harbour win for his Client! Ian Haggerty receives another Benchmark Business Sales Review. Ian was the Managing Director/Owner of Pipe Shield, a specialised pipeline inspection, maintenance, rehabilitation company. Ian sold his business to Veolia. He has also worked internationally for companies such as Trafalgar Water Inc., where he was a consultant to a number of North American companies within the utilities, services and water industries where his main role of operations was in mergers and acquisitions, consolidation proposals, market analysis, securing funding for growth, and new technology introduction and acceptance. Get to know more about Ian Haggerty and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. Ian Haggerty is a business broker at Benchmark Business Sales & Valuations.

Dawn Grimm , 01 Jan 2018 I would definitely recommend Nikki to anyone looking to buy or sell a Salon. Nikki came to our initial meeting with helpful information and explained the process, this definitely shows she is an expert in her field! Nikki is super responsive never left any questions unanswered, very friendly and professional. Nikki kept us well informed and goes above and beyond get a good outcome for her Clients providing great customer service.

"This is the second time buying a business through Benchmark and I returned to them because John is an experienced broker that knows the buying process and has delivered for me in the past. This time we hit quite a few difficulties but John was able to assist in getting the job done. Good to have you on board again." - Nilay Bhagat | 06 Feb 2020 John Kasapi receives another Benchmark Business Sales Review. John really prides himself on offering his clients exceptional customer service, combined with his wealth of sales and industry knowledge. He has “been there and done that”, as he has owned his own business, and he has worked in many top salons around the world – and has experienced everything this industry has to offer. Get to know more about John Kasapi and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. John Kasapi is a business broker at Benchmark Business Sales & Valuations.

I just took over my store a few weeks ago. I would like to thank Sam, the best broker and his colleagues. They are supportive and helpful. I have a great experience of buying this business with their support. - Van Vu Kieu

Tu was given the task of selling a great regional business and showed patience, professionalism and determination to finally get the best result. I recommend Tu to anyone wanting to sell their business. He genuinely cares about his clients. - Tony

I’m a salon owner who was looking to sell my buisness. I engaged benchmark business and had the pleasure of working with Mel Cordony. She was very professional and we worked as a team to find the best buyer to suit my salon. This couldn’t have been a better outcome. The new salon owner is fabulous and we negotiated a part time contact for me to work on the salon ongoing. I’m so happy with the way we all worked together and this was a positive experience for all of us. Thanks again Mel! - Kylie Whitlock

"We have built a solid business relationship with John and Benchmark over the last few years and have complete confidence in him as a broker. We regard our company as one of the best in the business and we wouldn’t consider using any other broker other than John, he holds the same values as us towards our business and it’s as if he is part of our company, he always has our best interests at the forefront. During this transaction John sold one of our flagship stores and from the very beginning John was impressively professional which allowed us the time to continue running the other 200 stores we have. John’s number one attribute is his determination to get the result that is best for all parties, his knowledge of the industry is second to none and I wish I had his contact list!!! He has endless qualified buyers and that’s all we needed to know, that if one buyer doesn’t work out he has another person waiting in the wings. Great work John thanks once again." - Tony Lattouf, Joseph Lattouf, Emad Nayef and Romina Fiore | 01 Feb 2018 John Kasapi receives another Benchmark Business Sales Review. John really prides himself on offering his clients exceptional customer service, combined with his wealth of sales and industry knowledge. He has “been there and done that”, as he has owned his own business, and he has worked in many top salons around the world – and has experienced everything this industry has to offer. Get to know more about John Kasapi and his accomplishments by clicking the "View Profile" button below. Additionally, you can read other Benchmark Business Sales Testimonials from the "Broker" section above. John Kasapi is a business broker at Benchmark Business Sales & Valuations.

Nicole , 13 Dec 2018 WOW– what a journey! I contacted Nikki 18 months ago when I was pregnant with my second child and she helped me find a buyer for my salon. I decided that I could cope and was reluctant to sell so I changed my mind! Nikki advised me that 2 kids (talking from her own experience) was a lot to handle but understood my decision. After the birth of my son, I realized that I just wanted to spend time with my young family and so my first call was to Nikki. She brought a couple of buyers through and we found the “right fit’ when Amy came along. I knew my clients would love her. Today, Amy bought my salon and I can now relax & enjoy bring my time with my beautiful children. Better still, Nikki negotiated that I still work in the salon one day a week but with flexibility! Thanks Nikki for the perfect result. I am delighted with the outcome

Rebekah Pike , 08 Apr 2019 I was getting a bit worried about Benchmark not being able to deliver a sale for me. My lease was nearly up and I needed to get out ASAP without walking away from the business I had built up. They finally pulled a rabbit out of their hat and found a buyer that took over the business just before the end of lease and he helped them get a brand new lease and approval from the landlord. I was in New Zealand for the entire process and they went above and beyond by becoming our chauffeur and picked us up from the airport and drove us to the salon on the day of settlement to finalise the sale. A great result in the end!