Trends Up

Quite frequently, we are asked by various professional and networking groups to give our impression of the state of the overall business environment. Also, potential buyers and sellers want our viewpoint because of our unique ability to have confidential access to many businesses and their financial histories.

We feel that although there is always a market for buyers and sellers of businesses, there have been some challenges over the last couple of years. Good businesses were hurt by the overall economy, and banks paused in funding acquisitions and working capital. The good news is that these businesses seem to have hit bottom, stabilized, and begun growing again, resulting in an increased value of the business.
Activity in our business is up. More business owners are ready to sell and retire after having recovered from the recession. In light of stable and upward trending revenues, buyers are more comfortable proceeding with a business purchase. They also appreciate and recognize that the business is one that can withstand one of the worst recessions in history. Additionally, banks are making a real effort to compete for loans and are more anxious to fund the acquisitions of these improved businesses.

Some media-reported statistics are now revealing an improved confidence and optimism in our economic future. The press can focus on the negatives too often (understatement), so we need to share the positives! Contact your Apex Business Advisor for assistance when looking at buying or selling a business.