According to BizBuySell, the selling price for small businesses sold in Q3 this year was up 10.7% from the same time last year. With the US economic outlook as healthy as ever, this is proving to be a great time to sell a business.
In fact, the US’s gross domestic product (GDP) rate, which measures the market value of all final goods and services, is expected to remain at the ideal range of 2 to 3%. It is expected it will be at 2.5% and 2.0% in 2019 and 2020 respectively. On top of that, the unemployment rate forecast is that it will continue at a natural rate. It is currently at 3.7% and is expected to reach 3.5% in 2019 and 2020. Economists call this a “Goldilocks economy” because there is not too much inflation or deflation. These indications suggest that now is an ideal time to sell your business.
Depending on your personal finances and estimated projections for the next 2 to 5 years, your business could sell very well right now. At Transworld Business Advisors Houston, our advisors work closely with you to determine the most accurate selling price that will get you the most for your sale while also benefiting the next owner of your business. Economists are considering 2018 a prosperous year as we say goodbye to the effects of the financial crisis. In fact, business owners should be on the lookout for a bubble in the stock market because this signals a peak in the business cycle.
Transworld Business Advisor Houston’s business advisors have extensive knowledge and understanding of the market and are therefore an invaluable asset during a business sale. Have questions about selling your business? We can help answer them all as we guide you through the process. Understanding the market and why this is a great time to sell your business is only part of what we do. We are here to make the selling of your business as stress-free as possible.
With a network of 15,000 local buyers looking for businesses like yours, the process of selling your business has never been easier. Contact Transworld Houston’s team of knowledgeable business brokers today to begin the selling process!