Any Business Owners Seeking Exit?

[Al Gorithum]

For the last few years I've been working with Boomers (born just after WW2) coming to retirement age and others looking to sell their business, but I wonder whether there will be more this year due to the interest rates increase, recession, BBL repayments, Brexit impacts etc which are headwinds to growth.

I suspect that there will be quite a few more now so will be interested to know your thoughts.

[Simpo Two]

I thought Boomers were born in the 1960s. WW2 ended in 1945

[CubanPete]

Simpo Two said:

I thought Boomers were born in the 1960s. WW2 ended in 1945

1946-64

[Manners79]

Al Gorithum said:

For the last few years I've been working with Boomers (born just after WW2) coming to retirement age and others looking to sell their business, but I wonder whether there will be more this year due to the interest rates increase, recession, BBL repayments, Brexit impacts etc which are headwinds to growth.

I suspect that there will be quite a few more now so will be interested to know your thoughts.

Obviously it is much more your area of expertise than mine but is there not a possibility that fewer will be seeking to exit as there is less money around to buy the businesses in questions and the investments the owners were relying on to generate retirement income have fallen in value? Ergo they choose to carry on working to extract more annual revenue and wait until the sale market improves?

[Al Gorithum]

Manners79 said:

Al Gorithum said:

For the last few years I've been working with Boomers (born just after WW2) coming to retirement age and others looking to sell their business, but I wonder whether there will be more this year due to the interest rates increase, recession, BBL repayments, Brexit impacts etc which are headwinds to growth.

I suspect that there will be quite a few more now so will be interested to know your thoughts.

Obviously it is much more your area of expertise than mine but is there not a possibility that fewer will be seeking to exit as there is less money around to buy the businesses in questions and the investments the owners were relying on to generate retirement income have fallen in value? Ergo they choose to carry on working to extract more annual revenue and wait until the sale market improves?

Yes I guess it's all about individual circumstances

[Frimley111R]

Al Gorithum said:

Yes I guess it's all about individual circumstances

It is. If they have made their money, have no mortgage, a good bank balance and decent pension, the value of the business is of less importance. Ultimately if they decide to sell now there's little reason not to.

Edited by Frimley111R on Thursday 19th January 13:06

[ghost83]

I’m looking for single site amusement machine companies for sale if there is any, it’s our core business and a lot are struggling

[Al Gorithum]

ghost83 said:

I’m looking for single site amusement machine companies for sale if there is any, it’s our core business and a lot are struggling

Now is a good time to buy I would have thought.

[jeremyh1]

If you want a courier company in Devon EST 30 years no assets, rented vans web site , workshop contents and a box of maps

If you would like to pay 400K into me bank account by this evening we got a proper deal and I can retire to Cephalonia

Many Thanks

[ghost83]

Al Gorithum said:

Now is a good time to buy I would have thought.

A few have gone bust already, as none got any help during the pandemic so they’ve struggled especially with losing sites as well, so yeah we are on the lookout

[Al Gorithum]

ghost83 said:

A few have gone bust already, as none got any help during the pandemic so they’ve struggled especially with losing sites as well, so yeah we are on the lookout

On the lookout to acquire or sell?

[ghost83]

Al Gorithum said:

On the lookout to acquire or sell?

Acquire,

[Al Gorithum]

ghost83 said:

Al Gorithum said:

On the lookout to acquire or sell?

Acquire,

A good time for roll ups I would have thought.