Business Sales in 2021.
2021 may very well be a good year for selling businesses. There will likely be a far greater number of opportunity seekers and business owners well-positioned to profit or forced to exit than in past years.
The end of 2020 showed buyers paying a premium for resilient businesses. Businesses sold for 20% more than they did at the same time in 2019. The median revenue of sold businesses was up by approximately 14%. Businesses that have been adversely affected by the pandemic are having a harder time selling or aren't even being put on the market.
The majority of buyers feel they can buy a business for a better value than last year. This is a dramatic change from 2019. This correlates with most business owners feeling they would have received a better value if they had sold in 2019. The owners made that assessment because of the pandemic.
The pandemic has clearly affected the business sales market, but sales are still occurring and will likely be strong in 2021. There are buyers for resilient, high-quality stable businesses. If you are ready to leave your business, it may be a great time to sell. Learn about all the options. Consult with Shoffner & Associates, Counselors to Small Business and Families, to explore how your company can continue, how you can gain the most value, and achieve your goals.
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Freya Allen Shoffner, Esquire
Counselors to Small Business and Families.
Give us a call at (617) 369-0111 or email email@example.com