BizBuySell’s Annual Insight Report- 2019 Small Business Market: Uncertainty Creates Opportunity and Risk
BizBuySell’s Annual Insight Report shows that while small business sales still remain at historically high levels, 2019 transactions took a five percent dip from record-setting 2018 levels. The number of small businesses that changed hands in 2019 dropped slightly compared to last year according to the latest BizBuySell Insight Report, a nationally-recognized economic indicator that aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide. The Insights Report also touches on several compelling demographic trends, including the Baby Boomer’s growing likelihood of selling their businesses as they age and seek retirement, as well as the causes of current market conditions.
In total, 9,746 closed sales were reported by brokers in 2019, a 5.5 percent decrease from the 10,312 deals reported in 2018, which set the BizBuySell record for most transactions. While full-year activity slowed compared to 2018, 4th quarter transactions bounced back to positive growth and it’s important to remember that levels remain historically high.
Still, there are many issues surrounding the market that could cause hesitation when considering a sale, particularly for owners who are having to juggle the dynamic of running a business at the same time of managing through policy changes. In fact, business owner confidence dropped 6 points in 2019 according to BizBuySell’s Annual Confidence Index, largely due to political and economic uncertainty.