Quarter Report: A Strong Start for 2024 Business Sales

Transcript

Andy and Jessica welcome you to another episode of The Deal Board Podcast. This week, they delve into the most recent BizBuySell Insight Report and explore how it reflects the statistics coming out of Transworld. Tuning in, you’ll learn about some of the major overarching themes from the report, get Transworld’s spin on them, and discover how volume and pricing are rising in surprising industries as 2024 business sales pick up steam. For an insider’s look at the positive signs and indications for a strong year ahead, be sure to tune in today!

Listing of the Week:

John Fullerton, Business Advisor with Transworld Business Advisors and Senior Real Estate Broker for Transworld Commercial Real Estate Omaha, LLC, is selling the premier construction-related specialty niche business in Omaha. For $3 million, the buyer will benefit from a roster of satisfied and loyal clients who turn to this business for its specialized services, fostering enduring relationships and repeat business. Real estate is also available for the purchase price of $1.6 million.

Email John at [email protected] or call him on (402)-213-9945.

Key Takeaways

• [00:00] Positive correlations between Transworld stats and the BizBuySell Insight Report.
• [01:49] How small business acquisitions in Q1 of 2024 grew 10% over the previous year.
• [02:59] Ways that buyers normalized interest rates in 2023.
• [04:16] One of the most surprising industries experiencing growth in business sales.
• [06:39] Significant costs that many small businesses are struggling with right now.
• [07:28] A controversial trend that is easing pressure on rising wage costs.
• [08:49] The extraordinary impact of AI on small business performance.
• [11:01] Exciting trends in retail acquisitions and what they suggest about the market.
• [12:47] Signs of distress for service-based businesses, manufacturing, and other industries.
• [14:01] Opportunities for buyers and sellers in what’s shaping up to be a robust market.
• [18:14] Listing of The Week: John Fullerton (Omaha South) offers buyers a unique opportunity to acquire a premier construction-related specialty niche business for $3M.
• [20:11] Deal of The Week: Adam Lawson (Orlando) shares his deal on an established pizza parlor in Central Florida, sold by an Italian restauranteur who has been in the industry for 52 years!

Links Mentioned in Today’s Episode:

Call us on (888) 719-9098
Email us at [email protected]
BizBuySell Insight Report
Ep 167: Leveraging AI for Buying and Selling Businesses
Ep 159: Artificial Intelligence: A Game Changer
Ep 168: Seller Story: A Full-Circle Entrepreneurial Journey
Email Adam Lawson at [email protected] or call him on (407)-893-1627

#thedealboard #transworldbusinessadvisors #realestate #commercial

Quotes:

“The most positive thing – is that [business acquisition] is 3% up over Q4. Usually, Q4 is typically a stronger quarter than Q1. [It reflects] that there’s a demand for business acquisitions.” — Jessica Fialkovich [0:02:09]

“[An] uptick in [retail acquisitions] suggests that more sellers are motivated to close deals.” — Andy Cagnetta [0:11:31]

“If you’re a business owner [with] a well-managed business, strong financials, and you’ve positioned your profit and cashflow favorably, you’re going to see a high demand for your business in 2024.” — Jessica Fialkovich [0:16:17]

Mentioned in This Episode

• The Deal Board Podcast
• Subscribe to The Deal Board Podcast YouTube Channel
• The Deal Board on LinkedIn
• Transworld Business Advisors
• Transworld Business Advisors on LinkedIn
• United Franchise Group
• BizBuySell Insight Report
• Ep 167: Leveraging AI for Buying and Selling Businesses
• Ep 159: Artificial Intelligence: A Game Changer
• Ep 168: Seller Story: A Full-Circle Entrepreneurial Journey