The pandemic has changed the face of business. You may be surprised to know that buyers are eager to buy a profitable business today. Many of the industries that we focus on have businesses that are doing very well. These include transportation, healthcare, behavioral health & counseling, manufacturing, distribution, technology, and food establishments that offer take out/delivery.
Our buyer clients have been capitalizing on the current enthusiastic market conditions in 2020 and moving into 2021. We closed a number of business for sale transactions with multiple offers in 2020. This results in a favorable outcome for our seller clients by maximizing the purchase price.
Why are market conditions so favorable to sell a business moving into 2021?
It all comes down to supply and demand. Since many business owners believe now is not a good time to sell, they hold off selling their business. This makes the landscape advantageous for business owners that do decide to sell a profitable company. There’s less competition in the business for sale marketplace, and since many companies are not doing well, businesses that are, stand out and are very desirable for buyers.
Are you thinking of selling in 2021?
The average time it takes to sell a business is about 7-10 months, therefore if you would like to sell in 2021, the time to start the process is now.
There have been many instances when the process was reduced to 2-3 months. We’ve found that business that is priced attractively and offer some form of seller financing, sell faster. Every situation is unique and often comes down to the seller’s timeline. The sooner you begin the process of selling your business, the more selective you can be to achieve the best purchase price and financial structure.
Please complete our contact form now so we can help you prepare. We will send you a signed broker/client non-disclosure agreement to ensure any confidential information that you provide us with, remains confidential. Then we can provide you with a free business valuation and recommended selling price.
If you want to move forward with us, there is no fee until your company is sold. Because of this, we only take on clients with a positive cash flow. We have buyers in our database who are financially qualified and are looking to purchase a business today. We are confident in our ability to get offers for companies in these sectors and suggest you read some of our 5-star reviews.
If you’re thinking of exiting your business over the next year or two, now is a good time to talk and start planning.