The "silver tsunami" of business transactions is rolling across the United States, driven by the retirement of baby boomers who are selling their businesses. Every year, over 200,000 small businesses change hands across the country.
Jump In The Water!The "silver tsunami" of business transactions is rolling across the United States, driven by the retirement of baby boomers who are selling their businesses. Every year, over 200,000 small businesses change hands across the country. Among the states seeing the most action are Texas, Florida, California, and North Carolina. These states offer unique advantages that make them prime spots for buying and selling businesses.
Let's dive into what makes these states so attractive.
Number of Transactions: Over 3,500 small businesses bought and sold in the first half of 2024.
Why Texas?:
With its favorable tax environment and robust economy, it's no wonder Texas is a top spot for business deals (U.S. Chamber of Commerce) (Office of Advocacy).
Number of Transactions: Around 3,000 small businesses bought and sold in the first half of 2024.
Why Florida?:
Florida’s vibrant market and business-friendly environment make it a hotbed for small business transactions (Census.gov).
Number of Transactions: Approximately 2,800 small businesses bought and sold in the first half of 2024.
Why California?:
Despite higher costs, California’s innovative spirit and large market size keep it at the forefront of business activity (Office of Advocacy) (Census.gov).
Number of Transactions: Over 2,000 small businesses bought and sold in the first half of 2024.
Why North Carolina?:
North Carolina’s supportive policies and skilled labor force make it a prime location for small business transactions (U.S. Chamber of Commerce) (Office of Advocacy).
The silver tsunami of business transactions is transforming the small business landscape across the U.S. Texas, Florida, California, and North Carolina are leading the charge, offering unique benefits that make them ideal for buying and selling businesses. Whether you're an entrepreneur looking to buy or sell, these states provide promising opportunities and a supportive environment to help you succeed.
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