The market for buying and selling small businesses is small business shaped by several evolving trends. A significant factor is the wave of retiring baby boomer business owners, which is increasing the supply of businesses for sale. This demographic shift creates opportunities for younger entrepreneurs to buy a small business with established revenue and market presence.
Technology has also transformed transactions. Digital marketplaces and virtual due diligence tools make it easier for buyers and sellers to connect and conduct deals remotely. This has expanded access to a broader range of businesses beyond local boundaries.
Financing options are more varied than ever, with seller financing and alternative lenders complementing traditional bank loans. Staying informed about these trends allows both buyers and sellers to strategize effectively and capitalize on market conditions.