Why is it important to begin planning now?
Today, for businesses with $3M to $50M in annual revenue*:
- 47% increase in owners 65+ in the last 10 years (current: 289,000)
- 85% increase in owners 65+ over the next 10 years (projected: 535,000)
- US Census Data reflects only 29,000 in the $3M-$50M range sell per year
It is important for all business owners to understand that this level of business inventory with an owner of retirement age is completely unprecedented.
As this extraordinary number of 65+ owners are forced to retire for health and other reasons, it is inevitable there will be a drop in small business values. The only questions are when and how much. Owners that wait too long will likely be forced to settle for significantly lower sale prices.
Don’t wait to begin planning.
Capitalize Network specializes in the complete process of preparing and transitioning businesses just like yours.
The Wave of Boomer Business Owners has already hit retirement age and unsold businesses are piling up fast!