Article Summary: 5 Reasons CEOs Want to Sell Their Businesses | Axial

By Lola Kolade, Axial | May 26, 2016

I've thrifted this article down to the key takeaways.  If you would like to read the entire article, click the link at the bottom of the article.  Eric Gall.

Here are five reasons CEOs decide to sell their businesses.

1. Health Issues

Health issues ultimately lead to CEOs wanting to sell to preserve their well-being and sell the business.

2. Retirement

Baby boomers own 66 percent of businesses with employees in the United States.
The oldest baby boomers turned 65 in 2011.  The rest will do so until 2030 at rate of 10,000 people per day.  Retirements will cause sales for quite some time.

3. High Interest

Buyers make offers to CEOs not yet planning to sell. High interest for their companies’ industry may encourage a CEO to capitalize on demand and achieve a higher price.

4. Staying on Track

Many CEOs launch businesses with a goal selling them at a predetermined time. Sticking to the plan will generate business sales.

5. A New Start

The challenge of building a successful business is addictive.  Selling to free up time and resources for the next project is quite common.

Article LINK

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at Eric@EdisonAvenue.com or 239.738.6227. Also, visit our Edison Avenue website at www.EdisonAvenue.com or my personal website at www.BuySellFLbiz.com.