BizBuySell Survey Results: Broker Thoughts on the Economy
The results of the recent BizBuySell broker survey are in, BizBuySell members responded with their predictions of where the market is heading. Here is what they said:
Time Frame:
Survey respondents felt that business for sale valuations have either reached their lowest level or will in the next few quarters. 26% of respondents said business valuations have already bottomed out, with 40% of respondents predicting business for sale valuations to reach there lowest level by Q4 2009.
The good news is that most respondents felt that business for sale transactions would begin to increase in Q4 2009 or Q2 2010.
Have prices already hit bottom?
29% of respondents feel that small business valuations will not decrease any further, with 24% predicting small business valuations to decrease 6-10% from their current level.
However, the majority of the survey respondents felt that small business transactions will not decrease any further; 47% of respondents said small business transaction levels have already bottomed.
When will you close your next small business transaction?
Small business deals just might be on the rise, 34% of respondents are expecting to close their next deal within the next few weeks. 75% of survey respondents are expecting to close their next small business transaction within the next 3 months.
Overall the future seems bright; most respondents feel we have reached the bottom and in the near future survey respondents predict an uptick in business for sale transactions. Keep an eye out for next months BrokerBulletin, we will share the remaining results from our recent broker survey. |
