December 12, 2015
As we all know, history repeats itself. We are currently in the second longest bull market since 1928. As stated in this article “the next recession is not a matter of ‘if’, it’s a matter of ‘when.'” Back in 2008, many small business suffered and some ended up going out of business. With the uncertainty of the future, now may be the time to sell your business.
Currently business are selling for high multiples. Due to the high multitude of buyers looking for businesses, it is a seller’s market. Considering it usually takes around a year to sell a business, it is very important to have a well-established exit plan. Talk to a business broker to learn more about the process of selling your business to get a jump start on the process. Selling your business is a huge financial decision, make sure you don’t get caught off-guard when the economy enters the next recession.