According to the Market Pulse Q1-4 surveys, more than half of Business owners who sold their business for $500K-$1MM in 2020 sold due to retirement while another 21% did so due to health, family, or burnout reasons. Only 10% had a new or better opportunity.
Source: IBBA & M&A Source Market Pulse 2020 Q4 (published 2/9/2021)
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