Entrepreneurs ‘believe now is right time to buy a business’

Posted 10/11/2010

A new survey has revealed that 86 per cent of entrepreneurs feel now is the right time to buy a business.

The poll, carried out by BusinessesforSale.com and cited by BusinessWings.co.uk, shows that of these would-be buyers, 49 per cent think this is due to low prices as a result of continuing economic uncertainty.

Indeed, 64 per cent of respondents said they were more likely to purchase a business over the next 12 months than was the case a year before, with many also hoping to capitalise on low credit rates and the perceived buyers’ market.

However, brokers pointed out that this trend could be delayed, with 97 per cent reporting that sales are now taking much longer than before the recession in 2008.

BusinessesforSale.com spokesperson Jeremy Mandell explained: “Owners of high quality businesses could be delaying their exit until their business’s value improves along with the economic climate.”

Last month, Bruce and Pam Barker told the Athens Banner-Herald that it is important to do plenty of research before buying a business instead of rushing in.