Business Owners are Exiting Their Businesses
According to a recent report by BizBuySell.com, small business transactions are up by 18% and transaction levels are on track for a record-breaking year. BizBuySell’s quarterly reports are nationally-recognized economic indicators that track the health of the U.S. small business economy.
Each quarter, BizBuySell analyzes sales and listing prices of small businesses across the United States based on approximately 45,000 businesses for sale and those recently sold. The BizBuySell Insight Reports focus on over 70 major U.S. markets and publish local, regional, state and national data for trending and analysis.
BizBuySell reported a total of 1,987 closed transactions in the third quarter this year, representing both a 17.9 percent increase from last year and the highest number of small business sales recorded in a third quarter since BizBuySell began tracking data in 2007. In fact, this quarter’s numbers slipped just 2.1 percent from the second quarter of 2014, which remains the most active quarter for small business sales since before the recession. It also keeps 2014 on pace to record the highest number of small business transactions since the report’s inception.
Group General Manager of BizBuySell.com and BizQuest.com, Bob House, discussed the trends revealed by the Insight Reports stating:
What does this mean for business owners?
Not only are the owners of emerging businesses, such as the people surveyed at Inc. 500 | 5000 conference looking to exit, so are many of the Baby Boomer business owners. This adds additional pressure to selling a business. Business Owners need to make sure that they are doing the due diligence to sell their business. B2B CFO® has the Advanced Due Diligence Process™ to help you.