Need help selling your business? Our business brokers in Wollongong will guide you through the process.
Our qualified team has over 38 years of industry experience, as the team of leading business brokers nationally. We would love to work with you!
Since 2013, Wollongong has been reinventing itself from a primarily agricultural and logistics-based economy, into a service economy. The strategy has sustained a target of creating 10,500 new jobs over ten years.
There is an optimistic economic outlook for Wollongong, with anticipated Gross Regional Product for 2022 to reach slightly above $13 billion, forming approximately 2% of the state's Gross State Product. Wollongong's strategy for business development includes major infrastructure projects such an increased attraction of tourism from the expansion of the cruise ship sector at Port Kembla. It also includes the construction at Badgerys Creek of Sydney's 2nd international airport.
Wollongong City Council has reported the population to be approximately 219,000 as of 2022 with 93000 local jobs and 14000 local businesses. If you are one of these 14000 business owners within Wollongong, Lloyds can assist you through the steps of a successful merger, acquisition or business sale.
Wollongong, located on the coast of New South Wales (NSW), is a thriving regional city known for its natural beauty, industrial heritage, and evolving economy. Situated about 80 kilometres south of Sydney, Wollongong plays a critical role in the Illawarra region, offering a diverse range of business opportunities across traditional and emerging sectors. Over the years, it has transitioned from an economy reliant on heavy industries to one that embraces innovation, technology, education, and services, making it an attractive destination for businesses and investors. Wollongong, with a population of over 300,000 people, is the third-largest city in NSW.
Its economy is built on a foundation of industrial development, primarily steel production, mining, and manufacturing, which have shaped the region for decades. While these industries remain important, Wollongong's economic landscape has diversified significantly in recent years, with sectors such as education, healthcare, technology, and tourism emerging as key contributors to the local economy.
Wollongong's proximity to Sydney, combined with its lower costs of living and doing business, makes it an attractive option for businesses looking to operate outside of the high costs of major metropolitan centres. It has a highly skilled workforce, with many residents commuting to Sydney for work but choosing to live in Wollongong for its lifestyle benefits.
Lloyds' team of qualified business brokers play a critical role in facilitating the sale and acquisition of businesses from a variety of industries. Our team will help sell your business. They start by running a successful targeted marketing campaign. They then screen and qualify prospective buyers. Finally they negotiate multiple qualified offers.
Lloyds commences this engagement process with a business appraisal, followed by meetings between the buyer and multiple vendors.
Our team of specialists work with prospective vendors and third party advisors through all aspects of the sale process, including deal structuring and negotiation of sale terms.
We would love to work with you!
Business brokers in Wollongong NSW can provide a number of valuable services for businesses, including helping to identify potential clients and suppliers, negotiating contracts, and providing support during the negotiation process. By working with a business broker, businesses can get the most out of their interactions with other businesses and maximize their chances of success.
