Numbers of sold businesses rising sharply
Business Sales Taking Off
Our internal numbers for the State of Florida show that small to mid-sized business sales have increased sharply over the last two years.
Sales are up 37% from two years ago. Even more impressive – the dollar volume of businesses sold. This has increased by an astonishing 359%.
Not only are more businesses selling but they are selling for much higher prices. This is a reflection of a number of trends.
1) An improving economy means that businesses are more profitable and therefore more attractive to buyers.
2) A better lending environment. Banks are making more SBA backed loans as well as more Commercial loans.
3) An aging population. Baby boomers are reaching retirement age and need to sell.
4) Job Insecurity. Corporate jobs are no longer for a lifetime. Many mid level executives are leaving their business suits behind for a life of business ownership.
These factors mean that there has never been a better time to buy or sell a business. Call me today at 904-725-7677 for a free consultation.
Anthony John Rigney PA