Six takeaways from BizBuySell Q1 2023 Insights Report
Business Business Information Buying a business For BuyersPosted by Vipin Singh on
- As interest rates rise, acquisitions have become more expensive, leading many buyers to negotiate lower prices, resulting in pressure on business values.
- While business brokers believe the market favors buyers, many buyers view today’s economic conditions as an opportunity to get good value at a favorable price.
- The high cost of capital has delayed the purchase timeline of 42% of buyers, limiting the number of opportunities they can afford.
- With nearly a third of business owners speeding up their exit timelines, over 70% of business brokers feel seller financing is important in today’s market.
- High-interest rates have negatively impacted small businesses, particularly restaurants, struggling to hire qualified workers.
- Supply chain issues, a major business challenge, have started to ease.