Don't miss the gold rush. Small businesses are at their peak prices in 2021. Here are four reasons to list your business up for sale this year.
#1 Excess Money Supply
In 2021, the money printed by central banks on both sides of the Atlantic has mounted to record-high levels. This money has flowed into the hands of banks, as well as equity investors, who are now panically seeking safe harbors for their funds.
#2 New Group of Business Buyers
Corporate refugees: of 14 million reported as currently unemployed, a small percentage are former executives who now need to replace their income and thus are seeking a position of small business owner. Most of them have $500,000 to $1 million to invest and plenty of time on their hands to call on opportunities.
#3 Pandemic-Caused Movement
About 10% of existing business owners in the U.S. are looking to expand or upgrade their location. The high availability of businesses unable to withstand the pandemic is providing a great incentive for acquisitions. Business brokers attribute near 30% of 2020/2021 buyer inquiries to owners looking to expand.
#4 Baby Boomers!
Turns out that 30% of new business buyers are Baby Boomers (born between 1944 and 1964). Many in this seasoned group prefer business ownership over retirement as a means of staying active.
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