This week, we are sharing characteristics of those who purchased businesses in Q1 2021 (Market Pulse Survey) for less than $500,000, $500,000 to $1 million, $1-2 million, $2-$5 million and $5-50 million.
$1MM-$2MM: Buyers in this sector were:
• First time buyers (27%) or serial entrepreneur (29%)
• Looking for a horizonal add on (40%), motivated to buy a job (27%)
• Located within 20 miles (38%) or more than 100 miles (44%) of the seller’s location
Source: IBBA & M&A Source Market Pulse 2021 Q1 (published 5/26/2021)
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