In 2020 the youngest Baby Boomers will turn 55. Baby Boomers own 75% of the 6+ million private US businesses with payroll, and will need to transition their businesses to new owners as they retire.
Yet in a recent survey of M&A professionals, 70% said business owners are minimally prepared – or not prepared at all – to sell or transfer their businesses.
If you know of a business owner who’s thinking of selling or buying a business and who might benefit from a complimentary, confidential, consultation with us, have them contact me at: mertel@lmaallc.com
By: Mike Ertel, Transworld M&A Advisors