If you have ever considered entering the world of entrepreneurship by buying a business, now may be a great time. There are three factors currently at play that buyers should consider if they have been waiting in the wings for the perfect time to buy.

The Recession Is History

The recession hit everyone hard, especially in the small business market. Small business owners tried to sell, but since there was a lack of funds for buyers, most sellers ended up just closing the doors or taking big financial hits long enough to stay in the game. Now that we’re in 2014 and the economy is in an upswing, the small business market is a far better place to be. Sellers are seeing their businesses rebound and are ready to try to get a return on their investment. Baby boomer business owners are also in a place where they are able to retire from business ownership. All of this is great news for buyers. There are more great businesses on the market than there have been in the last handful of years, and sellers are motivated to get deals done.

Welcome To The Digital Age

Most buyers are not part of the baby boomer generation and have grown up with ever-evolving technology by their side. The business brokers in decades past may have relied on print advertising to get businesses sold, but now digital is definitely the name of the game. Online business search tools and listing services make finding a business far easier than it was even ten years ago. Digital marketing packages and multimedia (like video tours of a business) give buyers greater access to more information. Even some legal documents can be digitally signed, like a non-disclosure agreement, meaning less time shuffling paper and more time finding the right business for you.

Seller Financing Is Still The King

If this wasn’t true before the recession, then the economic collapse definitely hoisted seller financing to the top of the heap in terms of how business deals get closed. In the wake of the recession, many traditional lending institutions are still gun-shy about financing small business deals. The good news for buyers is the recession opened the minds of many sellers. When the banking industry clamped down on lending, the only way business deals closed without the extremely rare all-cash offer was when sellers financed part of the deal. The same still holds true in 2014, as many deals involve at least a bit of seller financing.

If you are a future business buyer waiting for the right time to enter the game – today is the day. With the willingness of sellers to offer financing, the ease of the digital age, and the resurgence of the economy on your side – now is a great time to buy a business.

Have you thought for years about buying a business, but haven’t yet made the leap? Did you try looking for businesses during the recession but didn’t find anything you liked? Would you like to have a look at what’s currently on the market? Click here to see businesses currently for sale in Florida, or leave us a comment or question here. We would be happy to help you on your journey to entrepreneurship.

Michael Monnot

941.518.7138
Mike@infinitybusinessbrokers.com
1910 Park Meadows Drive, Suite 202
Fort Myers, FL 33907

https://infinitybusinessbrokers.com