Have you heard that you can now buy business online? Yes, while it is already impressive knowing just that, here are some more facts about buying business online that will make you nod in awe.
Buying Business Online is at its Peak: On the 1st Quarter of 2014, business brokers reported a 1, 726 closed transactions. The huge number is the fifth straight quarter which breaks the benchmark of 1,600 transactions per quarter. The business industry has begun coping last year since the recession, and according to the expert, they are seeing the trends to continually grow this year.
The Price is Good: As the volume of business-for-sale remain strong, so as the price of the businesses. Sellers are getting the most value of their businesses this year since many business buyers are willing to pay for the asking price. This is because there are a lot of financing options for them as the economic growth continuously improves. Most of the business sellers last year are baby boomers who are either seeking to retire or would like to enter a new business venture, giving way to the younger generation to be entrepreneurs. With the transition, we are seeing a new and more exciting industry in the future.
New York Has the Most Number of Closed Business Transactions: The most populous city in the US has the highest number of closed business deals. Of course, this wouldn’t come as surprise since the city is expected to have the highest demand given its high population. And as always, entrepreneurs are running to the place with the biggest market.
Retail and Restaurants are the Most Bought Businesses Online: Most would-be entrepreneurs prefer to buy both retailers and restaurants last year. Meaning the growth on both business sectors are ideal. And although there are already a lot of retail stores and restaurant in the country, you wouldn’t run out of customers for as long as you offer something that would make potential customers go to you. Why? Because customers are willing to pay. Did you know that restaurant industry sales for this year have hit $683.4 Billion? Imagine if you can get a share from this whopping amount. That would be wonderful.
That’s it. Aren’t these facts good to know? The business industry keeps growing and the numbers are making it more obvious. Now, really is the good time to jump in the bandwagon of buying business online and being your own boss. I might miss something else about the business industry that you would like to share to us. Share it in the comments section below.