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The economy has recovered from one of the worst recessions in history, many are calling it “The Great Recession”. This is great news to many baby boomers, the first wave is currently turning 65. During the downturn, many business owners held off from selling their businesses and for many, this was a very wise decision as their value is back. Who wants to sell while their value is low? When asking A Neumann and Associates, a premiere New Jersey Business Broker what to expect, you may be surprised. Analysts predict that half of all businesses will be sold in the next 15 years. That is very large percent. The two trends that have increased this prediction are that business owners are more comfortable selling now that values are back and baby boomers are getting older. Similar to real estate were many wanted to move and sell their home, they could not because they may have been upside down. Many businesses had to make major adjustments to survive the recession, some did not but many that did would have liked to sell but not with their current financial statement. Unemployment is down, financial statements are looking better and many business owners are preparing to sell. This increase along with the first wave of baby boomers reaching 65 years old has lead to more preparations to sell for business owners. Prepare yourself for this next surprise, it is alarming! Only 1% of businesses can be sold! This is a really surprising fact, and the numbers just don’t add up. So how are half of the businesses going to be sold in the next 15 years if only 1% can be sold? When asking A Neumann and Associates, a New Jersey Business Broker, the solution is simple. The fact is, most businesses need to make some improvements to obtain an offer from a buyer who is comfortable and confident. And with the assistance of a reputable New Jersey Business Broker, these improvements can be made. So what do business owners who wish to sell do? The solution starts with proper representation from an expert New Jersey Business Broker such as A Neumann and Associates. They are committed to confidentiality which is first priority and always maintained during every engagement and must be obtained by the business owners. The process to prepare a business to be sold takes time, business owners must plan ahead by starting early.A business valuation is a critical early step in the process that must be certified and from a third party. As a New Jersey Business Broker, A Neumann and Associates has been involved in over 5000 business valuations in over 25 years of experience. They have earned an A+ rating from BBB by provided industry leading services to business owners who are making one of the biggest decisions of their life, selling their business. If you are considering selling your business, your first step is to contact A Neumann and Associates who service New Jersey, New York, Pennsylvania, Maryland and Delaware.
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