Business Update
Sellers and buyers were very quite from June of 2009 through August of
2010. Starting in Mid September of 2010 we began seeing a
SIGNIFICANT increase in activity from buyers and sellers.
In most cases, these sellers have been waiting to see the market start
to swing back. We believe this is happening. Smart sellers are getting
out their now while there are few businesses on the market.
Financing is still the major hurtle to closing business deals.
Sellers must consider more flexibility in financing issues.
As anxious buyers start looking sellers that list now are well
positioned because of the lack of quality businesses currently on the
market.
We are seeing a steady increase in
Buyers. Smart buyers realize that it is the ideal time to buy
because there is not as much competition among buyers and financing
rates have never been lower.
We believe the activity will continue to accelerate over the next 12 months
as the economy improves and financing becomes easier.