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Added on : 2023-01-03

There are many reasons why this year could be a good year to sell your business?

Considering selling your business?

If you're a business owner considering selling your business, you may wonder if now is the right time. While we know there is never any certainty in business, there are a few reasons why this year could be an excellent year to sell your business.

Your business is attractive to potential buyers.

First, the economy will continue recovering from the impacts of the COVID-19 pandemic. The past year has been challenging for many businesses, and the worst economic downturn is likely behind us. As the economy improves, more buyers will be able to consider purchasing your business, which could make your business even more attractive to potential buyers.

The Bank of England's interest rate is 3½%.

Second, interest rates are still historically low, which makes it easier for buyers to finance the purchase of your business. The Bank of England interest rate is currently 3½%, which means that borrowing money to finance the purchase of your business is now more affordable than it has been in the past.

Attractive to potential buyers.

Third, there is increasing demand for businesses with a solid online presence. If your business has a robust online presence and a proven track record of success in e-commerce, it could be especially attractive to potential buyers this year.

Many investors are looking for businesses. 

Fourth, there is a growing trend of "ESG investing," or investing in companies that prioritize environmental, social, and governance factors. Many investors are looking for businesses that align with their values, and if your business has a strong ESG profile, it could be more attractive to potential buyers.

Good idea to consider selling your business.

Fifth, the current political climate could also influence the decision to sell your business. With the potential for tax and interest rate changes or new regulations on the horizon, it may be a good idea to consider selling your business before any major changes take effect.

This year could be a great year to sell your business.

Overall, there are several reasons why this year could be a good year to sell your business. If you've been thinking about selling, it may be worth considering whether now is the right time. Of course, every business is unique, and you must consider your circumstances carefully before deciding. 

However, with a recovering economy, low-interest rates, growing demand for businesses with a solid online presence, increasing interest in ESG investing, and potential changes on the horizon, 2023 could be a great year to sell your business.

If you would like a cost-free, confidential, no-obligation discussion, please call Abercorn Business Sales at  0800 246 13 13 or you can email us at expert@abercornbusinesssales.com we look forward to speaking with you.