Pandemic resiliency & strategic pivots are buzzwords from a year that has been like none other.
For business owners, those words symbolize tireless efforts to stay relevant in a changing and unprecedented 2020 business climate. It’s been a challenging year but there’s good news and reason to remain optimistic.
“A strong business will sell,” explained CBI’s Jon Holbert.
In fact, reports from the International Business Brokers Association’s recently released 3rd quarter reports show interest in pandemic-proof businesses is extremely high. In the lower middle market, construction/engineering, business services, and manufacturing topped transaction trends. And, while it may be surprising to some, restaurants are still selling.
“One of the unexpected results of Covid-Geddon (a pandemic of Biblical proportions) is that many people have lost their jobs and are seeking to replace their incomes by buying businesses,” explained CBI founder Carl Grimes. “We’ve also seen the market volatility drive Big Business Buyers into the market seeking opportunity. The end result is that most every day we are contacted by 6 to 10 new buyers who want to know what good businesses we have for sale.”
If you’ve been thinking about selling now or in the next 24 months, it’s time to get off the sidelines and into the game ASAP.
“It’s been quite a year and we remain grateful to our friends and clients who have put their trust in us to support them in the sale of their business. Thank you from the bottom of our hearts,” said Carl Grimes, CBI Founder. “There’s reason to be hopeful and we are eager to put our expertise to work to help business owners now and in the year ahead.”
Ready to explore your plans for 2021? Contact your local CBI team at 877-582-5200.