You have been working hard on your business and maybe you have been thinking about cashing out. Right now may be the best time to sell. Let me give you 2 reasons why this is the case.
#1. Interest rates are still relatively low. That means that strategic business buyers and equity groups need to buy businesses to keep their cash working harder than it would just sitting in the bank. Low interest rates also mean that buyers have access to inexpensive loans. This means higher valuations and better deals for sellers.
The second reason to sell now rather than later is that there are an estimated 4 million businesses owned by retiring baby boomers that will be sold in the next 8 years. This will definitely impact the inventory available for investments and you really would want to cash out before it becomes a buyers’ market.
If you would like a consultation with a Business Broker with the skills and experience to sell your business for top dollar, contact us today by calling 1-800-BIZ-BROKER.
If you are looking to buy a business please visit our website or call 1-800-BIZ-BROKER
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