While 2020 brought on many challenges, many businesses for sale sold. Some businesses for sale even increased revenues. For most business owners, the year required excellent leadership and strategic planning. It was a challenging year. So can you sell a business in the year to come? Here are four reasons why 2021 will be a great year to sell a business.
Business owners considering selling a business can expect that 2021 will bring great hope. Here a few quick reasons:
- SBA-backed lenders are still highly motivated and ready to make loans on businesses with excellent records and reliable cash flow. Individuals looking to buy a business in 2021 find SBA prequalified businesses highly attractive and generally consider such businesses to be smart investments. Almost everyone expects to leverage their investment when they want to buy a business or any large investment.
- More individual buyers have been displaced or downsized in this economy. A Yahoo business survey showed 60% of the adult population dreams of owning their own business. The change in the market has given many workers the incentives to reconsider entering the world of business ownership.
- International buyers continue to express an interest in coming to, and investing in, the US market. The pandemic has heightened the demand to buy a business. Many great families from outside the US seek to invest in buying a business to secure an E2, or similar, visa.
- Warmer locations have always been attractive places for relocating. Many now wish to escape colder areas of the US for health-related reasons and move to places like Florida.
Will businesses be valuable in 2021. Here are a few industry quotes from the researchers at IBIS World.
If you would like a full report on your specific industry and even data sheet of what businesses like yours have sold for over the last year, we will send you a Free Industry Report between now and the end of January 2021. Just text BuyBizUSA to 22828.
Amid an expected economic rebound, the Construction sector is anticipated to expand, with revenue increasing at an annualized rate of 2.9% to $2.5 trillion over the five years to 2025.
Logistics & Distribution
Overall, industry revenue is forecast to increase at an annualized rate of 4.3% over the five years to 2025, totaling $24.9 billion.
As a result of these trends, industry revenue is projected to increase at an annualized rate of 8.6% to $223.9 billion over the five years to 2025.
Overall, industry revenue is expected to increase an annualized 3.2% to $38.1 billion over the five years to 2025.