We have been able to sell a number of businesses in 2020 despite the on-going Covid 19 crisis”
Common factors:
- Many businesses have increased revenues and profits. Health Care, supermarkets, and logistics companies lead the way. Other market segments are Food establishments that have been engineering for pick-up and delivery.
- The sellers are truly motivated to sell due to partner issues, health, or retirement. Business Brokers are encouraging their clients to “price to see” and have realistic expectations.
- Capital Gain and ordinary income tax rates will increase in 2021.
- There are buyers who have the financial resources to buy a business now at lower multiples than in previous years.
Unfortunately, a number of businesses will be closed or operating at a loss. They cannot be sold until 2021 and beyond.
Mike has bought and sold a number of companies and founded NJ Broker Plus, LLC to assist New jersey business owners to sell their businesses and qualified buyers to purchase a profitable business. Over the past 3 years Mike has been instrumental in the sale of over 40 businesses.
Latest posts by Mike Janis (see all)
- Why Buying a Business is Better than Starting a New One - March 8, 2023
- Selling Your Business: Three Steps To A Successful Exit - January 23, 2023
- Now is the Perfect Time to Sell Your Manufacturing Business - November 28, 2022
