The No. 1 Chinese international real estate listings website has increased its leadership in Australia via a new partnership with AnyBusiness.com.au, the fast-growing, No. 2 Australian business-for-sale website.
Buyers from China and India generate 30% to 50% of inquiries into the purchase of Australian businesses. For AnyBusiness.com.au, the goal of the partnership is simple: make it easier for Australian business sellers to capitalise on this interest. No other major Australian business for sale website markets its listings in China. A special Australian business category will now appear on Juwai.com, with business listings appearing in their own search environment.
Juwai.com estimates that as many as 15% of is 1.5 million monthly users could be interested in buying an overseas business. According to a Juwai.com survey, 32% of its users seek to emigrate to Australia or another country. For many of these emigrants, purchasing a business both provides an instant livelihood and makes it possible to obtain a visa.Australia's Business Skills Migration Program makes a pathway for migration out of owning a successful Australian business worth at least $100,000.
For Juwai.com, this transaction extends the gap between it and also-ran Chinese international property websites by giving Juwai.com users a large number of new listings not available on any other Chinese-language website. At 2.5 million listings, Juwai.com has more listings than any other Chinese-language international property website.Under the terms of the agreement, Anybusiness.com.au advertisers will also be able to upgrade their listings to improve their branding, their position in search results and the number of photos they may include.
Typical businesses for sale on AnyBusiness.com.au, and that will now be listed on Juwai.com, include:
•A lotteries, news agency & post office business for $360,000 in the Southern Suburbs of Adelaide, SA.
•A top-10 Subway sandwich franchise in Newman, WA for $900,000, which promises a net profit of $300,000 per year.
•Cairns Campus Computers, a QLD computer store and IT business whose owner is retiring and seeks $80,000 for the enterprise, plus $70,000 for stock.
•A thriving Chinese restaurant in Hurstville, NSW whose owner seeks $220,000 and promises a weekly profit of $5,000.
“Australian government data shows that Chinese business migrants create an average of 4.3 jobs per new business,” said Juwai.com co-CEO Simon Henry. “They transfer an average of $677,062 to Australia, invest an average of $317,022 in their businesses and –in more than half the cases– generate exports. They are a boon for Australia’s economy and one that doesn’t depend on mining.”
“In real estate, the Reserve Bank says Chinese property investors are spurring the creation of new housing supply in Australia. In business, entrepreneurial Chinese immigrants are creating new jobs and paying new taxes.” Said AnyBusiness.com.au Co-Founder Bill Tamvakologos, “Business brokers are looking for extra ways of unlocking Chinese buyer interest in the businesses they are selling. Our agreement with Juwai.com, is a key way in way in which local Brokers can promote their business listings to the international market.”
“The top three business types for Chinese buyers are hospitality businesses, franchise businesses, and retail businesses, such as news agencies, convenience stores and Tatts outlets.
“The benefits of these businesses for buyers are that they require no official degree or certification to run, they are turnkey operations requiring no setup and franchises in particular come with training and operations manuals that ease the learning curve.”