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Reasons Sellers of Businesses Sold for <$500K in 2020 Decided to Sell their Business

According to the Market Pulse Q1-4 surveys, just over 1/3 of Business owners who sold their business for <$500K in 2020 sold due to retirement while another quarter did so due to health, family, or burnout reasons.  An additional 16% had a new or better opportunity.

Source: IBBA & M&A Source Market Pulse 2020 Q4 (published 2/9/2021)

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