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How Far is the Buyer of Your Business?

Over half of business transactions in which businesses sold for $2M or less in 2020 Q3 did so to a buyer withing 20 miles of the business location;  whereas the larger the business, the further away the buyer was located.  50% of business selling for $5M-$50M were 100+ miles from the business.  

Source: IBBA & M&A Source Market Pulse 2020 Q3

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