More Than Half of Small Business Buyers are Under 50

If you’re looking to sell a business this may be the time and you may want to look for buyers under the age of 50.The 2018 Small Business Owner & Buyer Demographics study by BizBuySell has revealed 53% of small business buyers are under the age of 50. But the largest percentage of buyers in a single age bracket are between the age of 50 and 59 years old at 32%, the survey says. According to BizBuySell, around 10,000 small businesses changed hands in 2017 across the United States, which was a 27% year-over-year increase. And increasingly, the buyers are getting younger than existing owners. For small business owners looking to sell their business, BizBuySell is reporting this is a great time to make it happen because deals are closing faster at record high average sales prices.