Here are some general interesting facts about the typical Buyer of a small to medium sized business:
- Four out of five Buyers have never owned a business in the past.
- The majority of Buyers do not "know how" to access funding to financing a business.
- Less than 20% of all Buyers actually pay all cash for a business.
- Remember that only about five-percent of the US population owns their own Business.
Here are some interesting facts based upon our experience in Northeast Ohio
| Percentage of businesses that had an exclusive listing and sold | 82% |
| Percentage of businesses bought by strategic buyers | 43% |
| Percentage of businesses bought by financial buyers | 57% |
| Percentage of businesses purchased with owner financing | 73% |
| Percentage of businesses sold that were unprofitable | 22% |
| Percentage of businesses that were co-brokered | 8% |
| Average length of time from listing to closing (months) | 7.8 |
| Businesses bought by buyers outside of area | 4% |
| Businesses sold as asset sale transactions | 96% |
Revised December 31, 2010.
If you are seriously looking to move into the arena of owning your own business we need to talk. We will assist you in determining the best type of business to fit your lifestyle needs. We take into consideration your financial position, your family life, education, work history, hobbies, and anything that will help us to ensure that you buy the right business for you. Remember, there is no room for on-the-job training when it comes to buying a business. You need an experienced broker to help you all the way. We do this without cost to you.
