For some time now, the enterprise value specialists at Ceibass have been urging lawn and landscape business owners who are thinking about selling their business to get started as soon as possible. There has never been a better time to sell.
“In our industry’s history, multiples have never been higher. Sellers are getting top dollar for quality businesses. Interest rates remain low, and there is a lot of money chasing quality firms,” said Tom Fochtman, Ceibass CEO. “We’ve been saying that 4 years now, but don’t take our word for it. Recently, Bloomberg, the news service, came out with an article entitled Family-Owned Businesses Urged to Sell Before the Party Ends. Don’t miss this article as it highlights a lot of often overlooked reasons to sell your business now…if you are thinking about it. Read it. Think about it again. Then call me and let’s talk.”
From the article, some of the overlooked reasons for selling now include:
Anticipated higher taxes for the top 1%
“Now is as good as it gets”
An unprecedented amount of buyers seeking solid investments
Buyers seeking “recession-proof” investments
Owners worried about getting “Amazoned” – disrupted
Deal stampede if Democrats rule
Anticipation of Estate Tax rules making it harder to transition wealth
To read the January 14, 2020 Bloomberg article by Ben Steverman entitled Family-Owned Businesses Urged to Sell Before the Party Ends, click here. Then call Tom Fochtman at Ceibass.