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Many Australian businesses are on the selling block due to the glut in the pending retirements of baby boomer business owners. Quite simply, they need to sell to retire. Yet, according to the September Quarter 2011 BizExchange Index, the number of businesses for sale rose by over 350%. Meanwhile, their prices halved. More creative ways of selling a business need to be considered.
According to the latest BizExchange Index of Private Company Values, the number of small businesses for sale has achieved a new record. Keeping up with the trend registered in the last quarters, the September quarter BizExchange Index shows that Australian business owners continue to try to sell their businesses while market sentiment remains negative.