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.
$2MM-$5MM: Buyers in this sector were:
• First-time buyers (36%), serial entrepreneurs (28%), or existing companies (24%)
• Motivated to buy a job (28%), get better ROI than other investments (24%), gain a horizontal add-on (20%)
• Close to equally located more than 100 miles (36%), within 20 miles (28%) or within 50 miles (28%) of the seller’s location
Source: IBBA & M&A Source Market Pulse 2021 Q1 (published 5/26/2021)
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