Click here for a link to the full article published in The Guardian on According to a new report from BizBuySell, a business brokerage and research site, the number of small businesses being sold has not only recovered to pre-pandemic levels, but is quickly rising.
Boomers are selling at a furious pace and they’re just getting started... baby boomers owned about 51% of the privately held businesses in the United States. “The reality is that 10,000 baby boomers retire each day and that’s likely the most important element to fuel the market forward,” BizBuySell says.
Age isn’t the only thing driving this transfer of wealth. Economic, tax and political factors are also part of the equation...and who would they sell to? Millennials, of course!
