Who’s going to buy your small business?
It’s a big question, and one that’s obviously impossible to answer with certainty before a sale happens. However, we can get a sense for what the “average” small business buyer might look like.
Bizbuysell.com “The Internet’s Largest Business for Sale Marketplace” did a study in 2016 titled “The Demographics of U.S. Small Business Buyers and Sellers”.
The business buyer profile starts on Page 7. A few highlights:
- Most are college educated.
- 78% are men.
- 64% have a full-time job.
- 93% are looking for an established/independently owned business.
- 63% are looking to buy because they want to be their own boss.
Check out the white paper for full detail: BizBuySell.com White Paper