New independent research conducted on behalf of Handelsbanken Wealth & Asset Management reveals a significant year-on-year increase in the number of entrepreneurs looking to sell their business.
According to the study, almost a third (30%) of SME owners plan to sell part or all of their business within the next two years, up from one in five (20%) just 12 months ago.
Of those planning to sell their whole business (7%), the main reasons are to pursue other interests, deal with health and personal issues (both 43%) and because they have received an offer they can’t refuse (29%). This is in contrast to last year, when retirement and a lack of family succession options were the primary motivators.
For those selling part of their business (23%), pursing other interests and health and personal issues were also the main triggers, as well as the rising costs associated with running a business (all at 48%).
Click below to share this article