Small Business Sales Reach 2019 Levels as Sellers Return

News

Business buyers and sellers have something to be excited about.

According to BizBuySell, business sales transactions have seen a steady increase in the first quarter of 2022, rising 24% over the previous year and just 3.7% shy of Q1 2019, long before the pandemic arrived and sales after dropping 39% in 2020. In addition, median sale prices continue to sit at record levels, up 6% over the previous year to $345,000.

Here are some important factors why:

  • More Business Owners Deciding to Sell, Majority Retiring
  • Inflation and Supply Chain Impact on Small Businesses
  • Demand for Profitable Businesses Remains Strong
  • Service Sector Businesses are in High Demand
  • Restaurants and Retailers Make Strong Gains

Despite the continued supply chain disruptions, business sales are making a comeback. Aging owners look as if they will continue to adjust their retirement timelines.

Contact NJ Broker’s Plus to see how we can help you with the sale or purchase of a business.

Read the full article here. 

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