2017 Business Predictions

More Businesses Will Be For Sale in 2017

According to a recent article in INC Magazine, there will be more businesses for sale in 2017. The article “10 Business Trends That Will Grow in 2017” lists number five as:

5. More businesses for sale
Baby Boomers started most of the brick and mortar businesses that we see. But there are a few components that are shifting the business landscape. Technology is becoming easier to use, items you once could only find at specialty shops are now easily accessible online and Baby Boomers are entering retirement. These shifts, along with the economic recovery in recent years has made business sales more prominent. As Baby Boomers seek to retire in the next few years, you will see many businesses being sold, taken apart and reinvented by the Millennials. In addition, many of these Baby Boomers will try to get ahead of their competitors by selling their businesses next year, before the market becomes too competitive and business buyouts decrease.

It is not a surprise to us that more businesses will be for sale in 2017. We’ve been seeing this shift for the last two years. Are you ready to buy or sell your business? We are here to serve you!

The Gibbs Group: Our mission is to help clients realize their dreams in the form of helping them buy or sell a business.
Call: 612-467-9673

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Phone: 612-467-9673

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