Small Business Sales Seeing Surge

Joseph Byrne Saturday, May 18, 2013

Small businesses are seeing a surge in sales and this is attributed to baby boomers preparing for retirement. Buyers are confident enough in the economy to expand their own business or start a new one entirely by acquiring these small businesses that are owned by baby boomers. In fact the number of closed sales jumped 56 percent from this time in 2012.

Michael Schuster, of World Business Brokers in Miami, said, “It was almost like a light switch went on in January. We started getting a lot of activity with sellers who said, ‘I don’t want to go through another downturn or tough time. I want to see if I could sell my business.’”

Some just want to get away from carrying the risk themselves. They may enjoy working with the customers, for example, but do not enjoy the paperwork and the administrative tasks. The economy upturns has made it possible for them to sell their business and retire.

Health-care related businesses are really in demand. There is much less interest in retail stores and restaurants, but the health-care world, including medical and dental practices, are booming and there is a great deal of interest in all sorts of these types of businesses.

Starting from the beginning to build a business is difficult and this is why many people choose to buy an existing small business. This allows them to use the foundation of someone else’s work. Baby boomers are finding that this is quite lucrative for them, as they are able to sell their business and retire.

 

joeb@longislandyellowpages.com

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