BUSINESS FOR SALE!!!
Do people still want to move to Colorado mountains and live the dream? Since 2008 businesses have suffered from the economy that has touched most of the 7 billion people on the planet. Closer to home, right here in the Colorado mountains we have seen more businesses close their doors in the last 3 years than we have seen in the last 15 years. Any business that was related to real estate (devlopement, service, etc.), (number one job provider in Colorado mountains), has either gone out of business or has seen revenue drop in some cases 90%. This has not been exclusive only to this industry it has affected every other small business in our great towns.
Since so many of these business are no longer making money or just out of business, there are so few businesses for sale and less people able to retire. Typically in the Roaring Fork Valley, Vail and Summit county areas we see between 20 and 30 businesses sold a year. There is sometimes 100 good businesses for sale with profits between $100,000 and $1,000,000. Since the recession the number of businesses being sold has dropped to just a handful of 3 to 5, and there may only 15 to 20 businesses for sale at any one time now!
Although the numbers seem to be depressing and gloomy, people still want to move to this beautiful corner of the world and enjoy where we get to live on a daily basis. Of course these buyers are looking for outstanding value with their investment We are seeing buyers expectations for businesses doing under $10,000,000 in revenues of 30 to 40 percent return. To the contrary a good business making sound profits will sometimes be sold for a premium reaching a 20% return.
Now you may be asking what types of business are we talking about. It could be any business, and 95% of them will have revenues of less than $15,000,000. So, to all you business owners, it has been a really tough time, but keep doing what you do best and keep the local economies rolling. Just think, sometime very soon, you will have found the person who will be your great successor and you can finally relax and warm your toes on the beach you have been dreaming about.
Robert Minor
rminor@businessworldbrokers.com
www.businessworldbrokers.com
970 704 1100
Fax:970 704 1115
Robert is President of Business World Brokers and has been selling businesses in Colorado for over 18 years. If you have any questions about business sales, please do not hesitate to contact him.
