According to the Market Pulse Q1-4 surveys, 60% of Business owners who sold their business for $5MM to $50MM in 2020 sold due to retirement while less than 7% did so due to health, family, or burnout reasons. Only 5% had an unsolicited offer.
Source: IBBA & M&A Source Market Pulse 2020 Q4 (published 2/9/2021)
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