I talked with a small-business owner in Monroe this morning who’s trying to sell her business. (I won’t tell you who just yet; I’m writing a story about her, and I wouldn’t want to ruin the surprise.)
She told me that now isn’t a great time to be selling a business. In her case, it’s not important that the sale happens right away — she’s willing to wait. But that’s not the case with everyone.
Photo by stock.xchng
The Los Angeles Times has a must-read story today about how business are going on the market for cheap, but still not selling. (Does that sound like any other market you can think of?)
From the LA Times story:
“Nationwide, the number of business sales that closed escrow in 2009 was down 28% but began to rebound in the last half of the year, according to data released last week by BizBuySell.com.
“Depressed values for commercial real estate will continue to be a drag on small-business sales. Businesses that own the land on which they sit will be worth less, and potential buyers with real estate holdings in their portfolios will have a harder time qualifying for loans.”
Know a small business you think we should write about? Contact Herald writer Amy Rolph at arolph@heraldnet.com.
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