Market Update: Business Sales in 2019 and Projection for 2020

Transcript

Andrew and Jessica want to celebrate the end of 2019 and the beginning of 2020 by presenting a market update regarding business sales. This year has been great in regards to business sales, especially for the sellers who benefited from the upswing of the economy. There also have been not-so-bright situations, as it was at the beginning of the year, the government shutdown which affected a few businesses. Some slight slowdowns have started to show, accompanied by the effects of the upcoming elections in 2020 which brings along some uncertainty. Strong buyers and great business opportunities are a current trend, and there is a strong feeling that, regardless of what happens next year in the political scene, business will continue to roll along.

Listing of the week: Melissa Patel (DC metro, Washington DC). Jewelry Business, in business for 10 years, low maintenance, profitable business, all the inventory is on consignment, Price: $262,000, SDE:$103,000. Also online sales. Call Melissa at 202-800-4060 or email [email protected]

Key Takeaways

[1:25] Andrew and Jessica explain how the market is doing, how it was in 2019 and what to look forward to in 2020.
[9:13] The best regions in the country: Los Angeles, Saint Petersburg Florida, New York/New Jersey, Miami/Fort Lauderdale, and Chicago.
[11:26] The business sales market is in a great spot.
[15:04] Phil Kubat managing partner of Transworld Commercial Real Estate in Denver, Colorado, talks about the commercial real estate market.
[15:57] Biggest trends in commercial real estate in 2019.
[17:06] Renting vs. owning.
[17:54] How is leasing looking like right now?
[19:01] Phil Kubat shares his view on how the market is performing.
[22:03] What to look for if you are planning to buy a business in 2020.
[23:37] Deal of the week: Al Fialkovich (Rocky Mountains). Light manufacturer company. Listed at $2 million, sold for $1.9 million. SDE between $600,000 and $700,000. The buyer was working in corporate sales, relocating from California to Colorado. The deal was lender pre-qualified, SBA deal.
[24:50] Greg Geissenberger from Express Employment Professionals.
[25:26] Greg shares his perspective regarding employment in 2019 and what to expect for 2020.
[26:59] How Baby Boomers affect the labor market.
[28:24] How small businesses can prepare for 2020.
[31:08] Tips to take better care of your employees.
[32:48] The benefits of using Express Employment Professionals services.
[35:15] Listing of the week: Melissa Patel (DC metro, Washington DC). Jewelry Business, in business for 10 years, low maintenance, profitable business, all the inventory is on consignment, Price: $262,000, SDE:$103,000.

Mentioned in This Episode

• The Deal Board Podcast
• United Franchise Group
• Transworld Business Advisors
• Transworld on Linkedin
• Transworld on Facebook
• Call us
• Email us
• Call Phil Kubat
• Contact Phil Kubat via transworldCRE.com
• Call Greg Geissenberger
• Email Greg Geissenberger
• Call Melissa Patel
• Email Melissa Patel