Business Broker Sees Better Days Ahead For Ontario Businesses
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Released
on: November 24, 2009, 10:59 am
Author:
Steve Skrlac
Industry: Real Estate
Hamilton, ON – A business broker serving the Greater Toronto
Area is receiving strong anecdotal signals from the business resale
marketplace that the worst of the recession may be over.
"There are many more enquires from people interested in buying a business,” said
Steve Skrlac, a business brokerage professional. "The start of the year was quite
slow. People were frightened and very few business brokers that I spoke to were
closing deals,” said Skrlac. “Interest from investors of small businesses has
certainly picked up though. Business brokers are fielding more calls and good
offers on businesses are coming in,” asserts Skrlac.
The business resale market in Canada has slowed considerable since the fall of 2008.
Buyers were frightened of committing to an investment when the economic future was
uncertain and many business owners pulled out of the business resale market
altogether until the economy improved. Business brokers get paid based on
transactions and this group was particularly hit hard by the recession.
The recession put a virtual stop on the small business resale marketplace. Overall
business resales fell by up to a third in volume according to Skrlac. "I never
thought it could have gotten so slow in the market," says Skrlac.
Anecdotal evidence suggests that the worst is now over though. "Calls are
significantly higher than from even 3 months ago. Buyers are coming back to the
marketplace now," says Skrlac. “More business owners who have held off on listing
their business for sale have also decided to list. Many business brokers are much
more bullish about the market now than they were compared to just last Spring,” adds
Skrlac.
Steve Skrlac is a professional in the field of business brokerage. He serves the
Ontario marketplace from Toronto to Hamilton.
Coldwell Banker Pinnacle Real Estate, Brokerage is based in Hamilton, Ontario.
Steve Skrlac, MBA, CFA focuses on small businesses for sale valued at under $5
million.
For more information contact:
Steve Skrlac, MBA, CFA
Sales Representative
Business Brokerage
Coldwell Banker Pinnacle Real Estate, Brokerage
Hamilton, Ontario, Canada
905-308-3325
steve@businesses-buysell.com
www.businesses-buysell.com