Have you thought about selling your business, but aren’t sure if it’s the right time? 2022 is a great year to turn those thoughts into reality! We’re seeing more and more business owners reap the rewards of their hard work and finally pass their businesses along to the next generation. In this post, we’ll review the top 3 reasons to sell your business in 2022:
Record Sales Prices
Just like real estate, the COVID-19 pandemic ushered in a boom in sale prices for businesses. But unlike residential real estate, business sale prices are still riding high with sellers enjoying a clear market advantage. Due to inflation and increased demand, a business selling for just $5K a few years ago can easily bring in $10K+ today.
More Interest in Owning a Business
The Great Resignation has left an entire generation of disillusioned employees with dreams of entrepreneurship, and current business owners can cash in. Finding potential buyers for your business is easier than ever in a market that clearly prefers sellers. Buyers are willing to concede more and demand less in order to win the bid, even getting into bidding wars for highly desirable companies. The end result is more cash in your pocket after selling your business!
Invest in Yourself
Spending all those years building your business and revenue streams isn’t worth anything if you never get to enjoy the fruits of your labor. Many business owners hold on too long, wasting their last years of possibly enjoying retirement. Don’t lose sight of the reason you got into the business in the first place – so that, one day, you wouldn’t have to work anymore. That day could be today.
We’ll Help You Sell Your Tampa Bay Business
At Tampa Business Broker Inc, we’ve helped business owners all over Tampa Bay sell their businesses to reputable and upstanding buyers. We care about your legacy and don’t want to just pass your hard work off onto someone who won’t care for it with the same fervor that you did. Let us help you find qualified buyers who actually want to own your business, not just fly-by-night amateur investors looking for a quick buck. Call us at 813-469-7957, email buyorsell@tampabusinessbroker.com, or contact us via our website for more information on our seller services.