Statistics for Business Sellers to Consider
More Stats for Business Sellers to Consider
My last two posts to the blog have been on the inventory deficit we see here in Central Florida and the strange phenomenon we are encountering in the market here where inventory (businesses for sale) is at a 5 year low.
If you have read my posts there is a pending transfer of wealth somewhere on the horizon. Some 10,000,000 businesses will sell or close their doors over the next 10 years and only about 30% of that number have any idea of how to sell, transfer successfully, or maximize the value of their business. This recent Article by CNBC http://www.cnbc.com/id/102523395 is an alarming wake up call to sellers.
Just as alarming is that sellers are seemingly unaware that their business sale and the dynamics of the transaction fall victim to the law of supply and demand. If, as i report inventory is at an all time low, and if this pending wave of sellers (age 65 and up) are about to enter the market then waiting on your potential sale can cost you thousands if not hundreds of dollars.
Steps to take today:
1. Get a valuation performed today
2. Get your books and records in place
3. Get Educated
4. Get your Team of Professionals together.
1. Get a valuation performed today
2. Get your books and records in place
3. Get Educated
4. Get your Team of Professionals together.
As always feel free to contact me at your convenience for a free valuation at www.businesses4saleorlando.com or 321-287-0349
Selling a business with Transworld gets you transparency, and successful outcomes. Contact Michael Shea at www.yourfloridabusinessbroker.com for a free valuation.
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