As we get closer to January and a fresh new year, many of us begin to take stock of the past year. We reflect on the ups and downs and look to 2019 with a glint of hope in our eyes. One thing many people think about is a career change or retirement leading them to the question, "How do I sell my business?" 2019 is going to be a pivotal year for the business for sale market, especially for business owners looking to sell their company.
The small business M&A market data still suggests that now is the absolute best time to sell a business, even as we watch more and more baby boomers listing their businesses for sale adding to the continuously growing volume of available business listings. Business transactions continue to favor buyers and sellers evenly with great financing available at low interest rates, and great businesses for sale at high value valuations. The full force of the baby boomer tsunami has not yet hit, so we encourage business owners to list their businesses now. 2019 will be another good year for business sales but 2020 and beyond is harder to predict the market.
As we move closer to 2020 baby boomer businesses will begin to saturate the market and may cause supply to start outweighing the demand for businesses for sale. This will have a number of effects like bringing business valuations down, expanding the time it takes to sell a business, and these transactions will require a higher injection of seller financing to close. Ultimately, all of these factors highlight that now is the absolute best time to list a business for sale because the market is on the verge of a big change.
If you've been asking yourself, "How to sell your business?" or "How much is a business worth?," we invite you to schedule a free consultation with a business broker or visit our website to get the answers your looking for and to make 2019 a pivotal year!
Rachael Holstein has been the Marketing Manager for Transworld - Rocky Mountain since 2016. Her work experience has been largely focused on business development and marketing in business brokerage, finance, architecture, property management, and information technology. A long time resident of Cleveland, Ohio, she attained her undergrad from John Carroll University and her Master’s Degree from Cleveland State University. In 2013, she relocated to Denver with her husband, Joe, and her furry companions to explore the mile high lifestyle!