August 19th, 2015
More baby boomers are looking to sell their businesses as they look towards retirement. The sting of the recession has faded and the economy continues to grow helping business sell for higher and higher valuations. As of 2015, the number of business sale transactions are rising and median sale prices are up 12% compared to 2014. Now is an attractive time to sell. Brokers around the nation have agreed the pool of interested buyers is the largest it has been in years. To take advantage of this seller’s market, it is important to develop an exit plan at least 1-2 years in advance of your preferred sale time. Utilize a local business broker in determining a valuation of your business and to assist throughout the entire sale process when that time comes. Business brokers are experts in selling business and can ensure a smooth transaction process while anonymously marketing your business to many interested and qualified buyers.
Click here to find out more about three baby boomers’ decision to sell their manufacturing business.