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What types of businesses are getting sold the most?

When a person is thinking about selling a business, what specific industry their business is in can matter quite a bit. For one, it can impact what the potential buyer pool would be for the company. It can also affect what particular practical issues and legal issues would come up in relation to a sale. Experienced business law attorneys can help company owners who are putting their business up for sale with identifying the legal issues that need to be addressed in the sale given the specifics of the business (including the industry it is in) and give them assistance in tackling such issues. 

Another reason the industry their business is in can matter for a prospective business seller is that it can impact what the market is like for their business. Among the things that can differ from industry to industry is how much activity there is within the business sales market for that industry. So, among the things a person considering putting their business up for purchase may want to know is if there are a lot of business sales occurring within their industry.

A recent report looked at which types of businesses owners have been selling the most these days. According to the report, manufacturing businesses dominated business sales. Meanwhile, among the lower-value businesses looked at in the report, service firms and restaurants had particularly high levels of getting sold by their owners.

Why do you think businesses in these industries are getting sold so much? In your opinion, what does this mean for entrepreneurs in these industries?

Source: The Washington Post, “Gene Marks: These folks are selling their businesses more than anyone else,” Gene Marks, August 16, 2016

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