Navigating the Business Landscape in Cambodia During Covid-19: Insights from Asian Business Brokers’ Representative

Naim Khan-Turk, the Cambodia representative for Asian Business Brokers, is confident that the market will recover despite the challenges posed by the Covid-19 outbreak. In a recent interview, he emphasized the importance of taking a practical approach when buying or selling a business during these uncertain times.

With the current travel restrictions in place, Khan-Turk advises potential buyers to keep an eye out for good deals on their website. He believes that once it is safe to travel and inspect properties, buyers will have the opportunity to snag some bargains.

For sellers, especially those operating from leased premises, Khan-Turk suggests assessing their financial situation and considering how long they can sustain expenses with little to no revenue. He emphasizes the importance of pricing the business to sell and not waiting for the market to rebound before listing it for sale.

Asian Business Brokers specializes in buying, selling, and renting commercial properties and land in Cambodia and other Asian countries. Khan-Turk highlights the differences between buying and selling businesses compared to residential real estate, stressing the need for expert guidance in navigating the process.

Despite the challenges brought on by the coronavirus outbreak, Khan-Turk remains optimistic about the future of foreign investment in Cambodia. He points out that Cambodia offers a favorable environment for foreigners to operate businesses and own 100% of their ventures, making it an attractive destination for investment.

As the market adjusts to the impact of Covid-19, Asian Business Brokers continues to assist buyers and sellers in navigating the business landscape in Cambodia. With their expertise and extensive network, they aim to provide valuable guidance to ensure successful transactions in these challenging times.