It is that time of the year when we take a look at the current state of affairs in the Business Broker and the Businesses for Sale space.
Several reports have surfaced recently which give us a good indication of the health of the industry. Below is a quick summary of activity in Orange County and Southern California.
1. Listing for Business for Sale are at an all time time high with California leading the way
2. Closed transactions in Q2 increased over Q1.
3. Retail Restaurants leading the way with general Retail second, Service third, and Mfg fourth
Great time to sell your business.
3 Top Transaction Killers
- Seller’s ego on realistic value.
- Non-industry CPA’s & lawyers.
- Lack of trust between buyer & seller.
Always remember that the best time to sell is after a great year of financial performance.
7 Reasons Owners Sell:1. Age (planned sale at age 65)2. Sickness3. Health4. Spouse Transfer5. Birth6. Death7. Divorce