Bullish baby boomers help fuel red hot small business M&A market

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Small business deal prices are rising at a pace not seen in decades, and baby boomer entrepreneurs are a big factor in the Main Street buying and selling.

for Q2 2021 showed that many entrepreneurs expect better business conditions and increased revenue despite a net negative confidence reading overall and widespread fears about a tight labor market and rising cost of goods.a big risk of not being bullish enough

"It's gonna sound crazy, but last year was my best year ever," said Sheila Spangler of Murphy Business Sales in Boise, Idaho, who focuses mainly on businesses valued less than $2 million. She adds that this year is also "super busy." Kevin Glass became a franchise owner of Pinch a Penny Pool Patio Spa in Conroe, Texas, after being furloughed at the start of the pandemic. With 35 years in the oil and gas industry under his belt, Glass had already been thinking about the next chapter of his career. He knew he was in a vulnerable position even before the pandemic, and had been exploring options. Once he was furloughed, that search kicked into high gear.

 

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