According to the Market Pulse Q1-4 surveys, slightly more than 2/3 of Business owners who sold their business for $1MM to $2MM in 2020 sold due to retirement while approximately 12% did so due to health, family, or burnout reasons. Less than 8% had a new or better opportunity.
Source: IBBA & M&A Source Market Pulse 2020 Q4 (published 2/9/2021)
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