Baby Boomers Ready to Sell Businesses to the Next Generation

According to an August 19, 2015 article in The New York Times, “Businesses are sold for a wide variety of reasons, and America’s improving economy is the largest factor in the recent rise… But bankers and brokers say there is a significant increase in sales from business owners in their 60s and 70s who are ready to turn their creations over to a new generation of owners…the pool of potential buyers is the largest it has been in years…shoppers tend to fall into two categories: companies making strategic acquisitions to fill out their business portfolios and individual buyers leaving corporate careers. http://www.nytimes.com/2015/08/20/business/smallbusiness/baby-boomers-ready-to-sell-businesses-to-the-next-generation.html?_r=0