Small Business Outlook for 2023
The last 2 years have been very good for business brokers. The smart buyers have been back in the market and have bought very well at very reduced prices compared to a few years ago.
In the previous few years, businesses have been on the market for 6 months or longer, before a buyer was finally found.
That time period has dramatically reduced now to 3 to 4 months and currently that seems to have shortened again in 2023.
Businesses that have a large staff component must be properly investigated, that the right wages are/have been paid, as the wages have skyrocketed over the last 2 years.
Those businesses with little staff seems to be getting a slightly higher ROI, than those with a larger staff component.
Businesses with values higher than $500,000 also seem to be in higher demand.
Overall, this year of 2023 has had a good start with a bright future for the next 12 months.