It’s no secret that the past two years have been a rollercoaster ride for business owners with raising interest rates, supply chain issues, labor shortages, and now a looming recession.
Many business owners are choosing to sell now due to these and other reasons. If you’re not sure if selling your business is the best for you, here are 3 reasons why you may want to consider selling in 2022.
- Businesses continue to sell at a record pace.
According to BizBuySell, small business acquisitions are up by 24%, just shy of 2019 numbers. With the Great Resignation, more individuals are choosing to purchase profitable businesses than return to a traditional 9-5 job.
- Sellers have the advantage.
The current market is a seller’s market. Demand to purchase existing businesses is high and sellers have the upper hand when it comes to negotiations. Consider these factors if you’re looking to exit your business this year.
- Businesses are selling with higher profits.
When choosing The 86 Group as their broker, 8 out of 10 businesses sell for more than their market valuation. Buyers are looking for businesses with strong earning potential and are willing to pay a premium.
We are happy to share notes on current market valuations with you over a brief 10-min call.
Here is a link to book a call with Cory Strickland. P.S: All of our conversations are extremely confidential. We even send you an NDA before our call.