Good news! The market for small businesses is finally turning around. You might even say it is heating up. During the economic downturn many business owners were forced to postpone plans to sell their businesses and had to delay their retirements. The Wall Street Journal reported last week that there were 1,685 small businesses sold between July and September. This is the third consecutive quarter of year-over-year growth. Service companies have been the been the biggest seller, followed by retailers and restaurants. You can read the full article here.
Did you think you had missed the boat for selling your business? It looks like you’re going to get a second chance! But don’t miss this one. If selling your business is on your horizon, be sure to get your house in order now and be thinking about your exit strategy and how you want to sell your business.