More Business Owners Cashing Out & Moving On in Q1 2014
FORT LAUDERDALE, Fla., May 5, 2014 /PRNewswire/ -- The Business Brokers of Florida (BBF), an association for members of the Business Brokerage and Mergers & Acquisitions communities, whose members have cumulatively sold over 14,000 businesses since their inception announce that small business sales are up 15% in the first quarter of 2014 compared the same period 2013. "This is a 1st quarter high since 2010," says Bert Risdon, CEO of Florida Business Exchange, and current President of the BBF. Indications of a shift from what has been, the last 5 years, a buyer's market to a favorable seller's market can be seen in a significant 20% increase in the average transaction value of these sales over 2013. Andy Cagnetta, CEO of Transworld Business Advisors and current Vice President of the BBF says, "I believe that we are on the verge of a "Seller Tsunami." But right now, at this moment, could be the Perfect Storm for both a Buyer and a Seller to leave the closing table happy before the market floods with sellers who held out just a little too long."
Ken Stebbins, CEO of Cayuga M & A Inc. and current Treasurer of the BBF, reports that "The statistics further prove that the Florida economy is heating up again." Stebbins also runs the MLS for the BBF and advises sellers to make sure they are working with a BBF broker to insure their business listing is a part of this very active marketplace. Business sellers and buyers interviewing business brokers should ask if they are members of the BBF for this increased exposure and access.
About the Business Brokers of Florida - The Business Brokers of Florida (BBF), a nonprofit association for business brokers with nearly 1,300 active members. The BBF has almost 4,000 active business listings for sale in the state of Florida that are readily accessible by members. The BBF is the largest organization of business brokers in the State of Florida and has more membership than any organization of its kind in the country. It operates the largest multiple listing service for the sale of businesses in Florida which can be found at www.bbfmls.com. It is also an advocate for the profession in Tallahassee and Washington DC and has led many initiatives for the betterment of the industry.
SOURCE Transworld Business Advisors