Jeff Thomas, CEO of Archetype Wealth Management, and Matt Gilbert, Principal of GAP Advisors, share how the current economic environment is impacting both business owners looking to transition and third-party buyers.
- COVID has created an amazing amount of stimulus, so if you're a seller, you will probably have a lower tax bill if you sell your business sooner rather than later. Pre-COVID valuations drive the investment community, so you can still get the high valuation.
- For buyers, the current environment is extremely attractive as interest rates have gone to the floor. Buyers are thinking long-term and are looking through this season to see the opportunity and future trajectory of the business.
Determine your level of preparedness for your upcoming business transition.