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Business Sales Trends in Dallas
Business Sales Trends in Dallas
When it comes to buying and selling established businesses, Dallas, TX, is a good place to be. The market holds a diverse selection of companies for sale, and the buyer pool has grown steadily with the city’s thriving economy. If you’re a business owner considering whether now is the right time to sell — or you’re an entrepreneur looking for an opportunity to be a business owner — these are the trends affecting the Dallas market in 2018.
A Strong Economy
A thriving economy offers stability and profitability for local businesses. For sellers, this means the company will have higher projections on future revenue and will command a price that reflects the success of its brand. This also gives sellers the opportunity to choose a buyer rather than take the first offer that comes along.
Anyone looking to buy can shop for a new venture with greater confidence, knowing that favorable economic conditions will increase the chances for success. Buyers will have a space to feel out new ideas for the company they buy, without needing to worry that one wrong move will destroy the business.
It’s a Hot Market
There are currently hundreds of businesses for sale in Dallas that cover a wide range of industries and price points. With such a variety of options, buyers are likely to find the company that best fits their interests at a price they can afford.
There is also a healthy selection of businesses for sale in all stages of success. Buyers who have the capital can purchase a successful business that requires little effort, allowing it to continue on a current plan, or they can pick up a struggling establishment in need of some extra elbow grease at bargain prices.
Sellers may wonder if the market is too saturated, but better selection attracts more buyers. Pricing your company competitively, while showcasing its unique qualities, is certain to draw in the right entrepreneur that will treat your business with the respect it deserves.
Baby Boomers are Retiring
A high percentage of Dallas businesses were either started, or are currently run, by the Baby Boomer generation, many of whom are now facing retirement age. This means many of those who have found success and waited out the downturn of the economy are ready to move on to the next chapter of their lives and pass their successful companies on to someone else.
At the same time, Millennials are growing up to be more financially savvy and Gen X’ers are thinking about how to set themselves up for looming retirement as well. This leads to a sharp increase in buyers looking to invest in something that will pay long-term dividends as well as those looking for a quick return on investment. In either case, more buyers means more sales, allowing the senior generation to hand off the reins to those that came after them.
Overall, Dallas Business Sales Trends Look Good
Dallas’ booming economy supports the success of many local businesses and encourages further growth. Sellers will be able to get a fair price for their establishments, and buyers will have many companies to choose from. The market is already filled with businesses for sale and buyers are flocking to the area in response. It’s clear many who are part of the Baby Boomer generation are ready to retire and enjoy the fruits of their labor, and the younger generations are eager to build on the platforms being offered to them.
If you’ve been considering the sale of your business or you’re looking for a new venture to invest in, contact a LINK broker today to learn about your options. If you’re looking for an excuse to retire, wanting a change or you’re ready to take control of your own destiny, now is the time to make it happen. Contact the LINK Dallas Office today at (214) 710-2558.