My Thoughts - BizBuySell Q2 2024 Insights Report

Q2 was a busy quarter for us. June was probably the busiest month so far this year for inbound calls from business owners interested in exploring the process of selling their businesses . One trend we've seen is that baby boomers have had to continue operating their businesses longer than expected. Many of them would have liked to sell their businesses, but due to the pandemic, increased labor costs, and rising inflation, they continued working. Unfortunately, this has led to burnout, which has led to declining revenue and profit. Declining revenue and profit reduces companies' value. The good news is that the market is moving in the right direction. According to BizBuySell's latest Insight Report , small business transactions have increased 5% over the past year and 3% from the previous quarter, with 2,448 businesses sold. This surge has brought the total enterprise value to an impressive $1.9 billion, a 20% increase from last year. In the Greater Sacramento area, the st...