Baby Boomer Business Owners Need Valuation Help, Now More than Ever!

The baby boomer age bracket was a generation of entrepreneurs. More businesses were founded and grown by this group born from 1946-1964 than ever before. It has been estimated that between now and 2025 almost $10-trillion dollars will change hands as baby boomers pass their businesses on to the next generation. Here are some additional statistics to think about regarding this significant trend:

• An estimated 65% to 75% of small companies in the U.S. – some 10 million – will likely hang up a “for sale” sign during the next 10 years, according to Inc. magazine.
• Research from the Pew Research Center indicates that the oldest of America’s baby boomer generation started turning 65 on January 1, 2011, at a rate of 10,000 people a day — a trend that will last for the next 19 years.

While some will gift business interests, far more will be looking for an outright sale of their business. The sad truth is that many business owners will not be READY to reap the maximum benefits from their businesses. Realizing the maximum sales price of a business can take years of preparation. Do your clients know HOW to prepare for sale? Call a Certified or Accredited Valuation Analyst for assistance in helping your clients begin preparing.

Should you need business valuation assistance or have questions, please call one of our credentialed professionals at (615) 822-8342 or contact us via email.