Selling a business is a major financial decision you don’t want to take lightly or rush into. However, if you’re thinking about retiring or looking to make a career change, you may want to consider selling in the upcoming year. Many of the market conditions that made 2018 a favorable time to sell are continuing into 2019, giving business owners the opportunity once again to reap significant dividends. Here are some key reasons now may be your best chance to sell for top dollar.
2019 Is Predicted to Be a Great Year for Selling a Business
1. It’s a Seller’s Market
There are currently more people looking to buy a business than there are available listings. This demand has been fueled by the improving economy and is proving to be instrumental in driving multiple offers and higher sale prices. In turn, business owners are enjoying a robust seller’s market.
2. Interest Rates Are Low
Despite recent federal increases, interest rates have remained at some of the lowest levels in recent history. The lower the rates, the easier it is to finance a business acquisition. With lenders making financing readily available, prospective buyers are having no trouble borrowing the money they need to invest in a business.
3. Older Generation Owners Are Retiring
A large percentage of businesses are still owned by Baby Boomers who are now approaching retirement age. This means they are preparing to list their companies for sale in the next few years. If you’re planning on selling a business any time soon, you will want to get ahead of the influx of listings to ensure you receive the best deal possible.
If you’re interested in buying or selling a business in the near future, the professionals at Zoellner Garten & Company will guide you to a successful acquisition or sale. Since the company was founded in 1988, they have helped numerous buyers and sellers throughout Southwestern Ohio, Northern Kentucky, and across the United States to accomplish their dream of running a company. Call (513) 852-2400 to speak with an advisor, or visit them online.