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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.

"Phenomenal is the word that I would use to describe John Kasapi from Benchmark Business Sales & Valuations, l originally had my day spa listed with another agent for many months with absolutely no results. I was then lucky enough to be recommended to John, in our initial conversation I had one requirement and that was for my business to be sold ASAP and gave him a deadline to get the job done within the next 4 weeks. John used his extensive industry contact list to reach out and find a suitable buyer that ticked all the boxes. Within 3 weeks he amazingly finalised the business sale. It was absolutely remarkable and I believe one of the quickest sales on record. He found the buyer, he got full asking price, we went to contract and settled within 3 weeks. If there was ever a Superman of business brokering John is the man of steel. Great effort, highly recommend using John and don’t waste your time using anyone else. ” - Name Undisclosed | 13 Dec 2018 John Kasapi receives another Benchmark Business Sales Review. John has always been involved with the hair and beauty industry all of his working life, and he offers an in-depth knowledge to all buyers and sellers. He enjoys helping people achieve their dreams, whether it be buying, selling or investing. John really understands that in many cases, a business can be a major asset, so he likes to ensure that the process, whether it be buying or selling, is “smooth sailing” for everyone concerned. 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.

We would highly recommend Jacob Reeson from benchmark for any dealings with service stations. His knowledge and experience resulted in us achieving the desired result efficiently and stress-free. - Shane Singh

Dear Lincoln and your whole group, thank you for all your trouble free assistance. What ever you said, was fulfilled. Any queries I had, were promptly answered. I will certainly have no hesitation in recommending your firm. A big thank you , once again. Yours faithfully, J. Jassal. Lincoln Bridge receives another Benchmark Business Sales Review. With an unblemished reputation as a leading specialist, he has a superb track record, for assisting both buyers and sellers. Lincoln is thoroughly familiar with all current regulations, and legislation of specific industries, and has a broad understanding of the intricacies within specialized sectors. Additionally, you can also read other Benchmark Business Sales Testimonials from the "Broker" section above. Lincoln Bridge is a business broker at Benchmark Business Sales & Valuations

Selling my business was a major decision and I couldn’t be happier with how Penny managed the entire process. She was remarkably patient, always taking the time to answer my questions, keep me updated, and provide reassurance even when things became complicated or stressful. Her calm, steady approach made a real difference and never felt rushed. Most importantly, she was committed to getting the job done right, handling each stage with professionalism and persistence until we reached a successful outcome. I’m very grateful for the level of service provided and highly recommend her to anyone considering selling their business

We recently sold our business and could not be happier with the outstanding service provided by Manish Tripathi. From start to finish, he went above and beyond to ensure everything ran smoothly. His experience and in-depth knowledge of the market were evident throughout the entire process. Manish provided clear advice, demonstrated strong negotiation skills and maintained consistent communication, making what could have been a stressful experience feel seamless and well managed. His professionalism, dedication and genuine commitment to achieving the best possible outcome truly set him apart. We are extremely grateful for his hard work and would highly recommend him to anyone looking to buy or sell a business. Thank you, Manish, for delivering such an excellent result.

I am truly impressed by your negotiating skills and also your dedication to us as clients. We appreciate the amount of work you put into getting the job done which was well beyond what should have been required. My experience with Benchmark is beyond what we could have expected and you have helped for us to realise a life long dream which will help set our family up for the future.  You also gave me the best advice i have ever heard and i am sure to use it in all parts of my life in the future. “Next person who’s speaks, looses.” Absolute gold! Best wishes for the future. Melissa and Matt Hopper. Ian Salter receives another Benchmark Business Sales Review. Ian has a passion for helping clients, Buyers, or Sellers, to move to their next chapter in the most profitable and least disruptive manner. Licensed to operate in Qld and NSW Ian possesses high-level organisation skills and loves detail. Exceptionally skilled and experienced in sales and business, Ian has developed professional sales training techniques from recognised global sales training organisations and has owned, operated, and sold several of his own businesses since the 80’s. Get to know more about Ian Salter 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 Salter is a business broker at Benchmark Business Sales & Valuations.

Sam & Caitlin , 11 Aug 2020 Thanks, Nikki, for taking care of me through this very tricky journey of buying a hair & Beauty business in the middle of Covid-19. We are not sure how I would have managed without your help and guidance. Here we are today the proud owners of a fabulous business and it was you that made that happen for us. It was a pleasure to work with you and I look forward to our next venture together.

Another successful acquisition, and this time with perfect timing for the F1 weekend. I have been working with John for the past two years, and throughout that time we have stayed in regular contact, with a previous acquisition in Queensland. This latest purchase in Melbourne marks my first in the state, and once again John was exceptional. He is always available whenever I need support, advice or even just a general chat. His consistency and commitment make the entire process seamless. Thanks again, John. I look forward to catching up soon.”  Alex Scriven

I recently had the pleasure of working with Ian Haggerty on a business sale, and I can't say enough about his professionalism and the seamless transition he orchestrated. From our initial meeting to the final handshake, Ian's dedication to ensuring a smooth process was evident. He went above and beyond to address any concerns and kept us informed every step of the way. Thanks to Ian's expertise, the transition was flawless, and I couldn't be happier with the outcome. I highly recommend Ian Haggerty for anyone looking to buy or sell a business – you won't find a more committed and knowledgeable professional. - James Ashley Harriman