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Smythe Advisory’s Arthur Klein was recently featured in Western Investor for an article he wrote on how COVID-19 has split businesses for sale into essential and non-essential categories into seller’s and buyer’s markets.
It is predicted that the business transaction marketplace will not return to pre-COVID-19 levels until Q2 2021 or later. With retirement being the primary motivation for business owners to sell, this will split potential vendors into two categories. The fallout from the pandemic will hasten the business sale decision for some, while delaying others.
Whether an individual or an industry buyer, business opportunities are present during this pandemic. The critical element will be to understand how COVID-19 has impacted given sectors. No matter how good the ‘deal’ looks, buyers should not overlook the fundamentals of business fit. The better the fit, the greater likelihood of long-term success for the acquisitions.
To read the article click the button below:
If you are considering selling your business, are looking for strategic acquisitions, or have any questions regarding this article please contact Arthur directly at firstname.lastname@example.org or (604) 694-7528.