Industry Spotlight: Retail Businesses
Optimistic is the word most retail business owners used to describe their outlook for growth when they answered market research company CIT's 2016 Survey of Middle Market Retailers. The survey, conducted by Harris Poll, found that 80% of retail businesses of various sizes say their overall financial condition is healthy or very healthy - a huge increase over the 70% response to the same question in 2013.
About 82% say their physical stores are the right size, with 46% of their sales still made within them. They are seeing tremendous growth, however, in web and mobile orders, along with steady sales via catalogue/phone. Pop-up retail businesses are experiencing buoyant sales as well, according to the survey.
The high level of consumer confidence in the economy is driving current sales, as well as expected future growth, retail business owners say. This is excellent news for both those who want to sell their retail business as well as for those who want to buy a retail business.
Buyers have the benefit of choosing among a variety of successful retail businesses that specialize in many kinds of merchandise and services, including grocery stores, supermarkets, restaurants, landscaping, cleaning, manufacturing, salons, gas stations, and gyms.
Click here if you are considering the purchase or sale of a retail business, Transworld is committed to ensuring the best deal for all parties involved. Transworld's business advisors will meet with each prospective retail business buyer to determine your abilities and interests, educate you about the search and buying process, and connect you with retail business sellers that match your criteria. If interested in selling your retail business, Transworld's experienced advisors will offer you full marketing support specializing in understanding potential market value and strict confidentiality, as they introduce you to suitable prospective buyers. Transworld will be involved at all stages until the retail business changes hands and even beyond.
Click here to view our listings of retail businesses for sale. We offer a detailed description of each retail business for sale along with some basic business information, such as price, down payment, number of employees, and current inventory.