That may depend on which business broker you ask. Charles Tenney & Associates has sold three transportation businesses since April 3rd with two more business sales scheduled to close any day. The time it took to complete each deal: 181 days, 70 days, & 128 days.
Although the economy creates roadblocks for some general business brokers, buying interest remains strong from both strategic and financial buyers. With the help of CTA’s industry expertise and deal structuring creativity, buyers and sellers are both achieving their goals in this economy.
Note on financial buyers: The recession has taken a devastating toll on corporate executives across the country. Many dismissed executives are facing major challenges to find new employment with salary packages they are accustomed to earning. As a result, many are buying businesses to earn the money they must have to maintain their lifestyles. The transportation industry offers an attractive opportunity for them.
Exploring all your strategic options:
Buyers and sellers have much to consider when exploring a possible sale or acquisition in this economic climate. They also have much to consider when exploring the possibility of doing nothing. Do not limit your options to your own understanding. Rely on proven professionals to help you clearly comprehend all of your strategic options and how you may best exercise those options.
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