Rates are low, business is slow. What better time to purchase a business? At KBB, we feel that this could be a "last chance" scenario for many business buyers. Seriously, look back, think ahead, you may never get the chance to purchase a business with strained earnings at such a low multiple with a low-interest loan! It is the perfect storm. How will you feel 5 years from now if interest rates are back at 8,9,10% and you missed out on your opportunity of a lifetime? If you are a potential buyer, and you don't take action in this environment, then you should probably quit your search for the perfect business and spend more time with your family. I know that sentence sounds harsh, but this environment is seperating the buyers from the lookers. Our buyers are actively engaging us and are making offers. This advice is only to help you, the business buyer, decide if owning a business is truly your life's goal. Take a look back historically and see for yourself that stimulus ultimately turns into positive GDP growth. Our economy doesn't run on it's own. It is a puppet and it's strings are manipulated by the Federal Reserve. Currently, the Fed has put the pedal to the metal and turned on the spicket. In time, this will lead to growth and currently, provides "cheap money" for business buyers like yourself, to take advantage of opportunities in the marketplace.
If you need help determining whether you are a "buyer" or a "looker", feel free to give us a call or e-mail. We will guide you down the path to a good decision. We want all of our buyers to be happy with their decision. Happy buyers buy more businesses! One of our favorite stories is of a buyer that bought one of our busiensses and a month later, received an offer for $100,000 more than what he had paid for the business. We'd like to make you a happy buyer also. Give us a shout today!
