The Booming Business Broker Industry
The business broker industry is forecasted to increase to $1.4 billion in 2022
According to IBIS World there are 3,593 business brokerage firms in the U.S. and 11,411 Business Broker individuals. Business Brokers may work as an agent for an existing multi- broker office or may choose to start their own business brokerage practice, whether on their own or as part of a franchise system.
According to IBIS World, business brokerage industry revenue is forecasted to increase to $1.4 billion in 2022. The demand for business brokerage services is primarily derived from the number of people looking to sell businesses. Specifically, as a greater number of aging business owners approach retirement, there is an anticipated demand influx on the horizon.
According to the U.S. Census Bureau, Baby Boomers own 2.34 million small businesses in the United States.
Retirement as the number one reason business owners are considering an exit across all sectors. Other Reasons include: current tax regulations , Small Business Administration (SBA) financing programs, stock market performance, workforce availability (of employees), job availability (i.e., alternatives for buyers), overall economic performance.
A real estate license is a requirement of the We Sell Restaurants brand.
A DAY IN THE LIFE OF A BUSINESS BROKER
