The Great Recession put a massive damper on business sales. People who held out with one-more-year-itis through 2006 and 2007 were suddenly faced with a tough decision—sell at a significantly reduced value or put their plans on hold for years.
The M&A marketplace works in cycles. In the last 20 years, we’ve seen that down markets last much longer than good ones. The market is strong right now, but, historically speaking, we’re due for a readjustment soon.
Forward-looking business owners sell when the market is good. If you have plans to sell in the next few years, move now before the winds change.
