There are some 12 million baby boomers who own a business, and 80% of them will want to, need to or will be retiring over the next 5- 10 -15 Years.
Up to 90% of their net worth may be tied up in the business. There are 40% fewer potential buyers for your business. Generation X is 40% smaller than the Boomer generation.
80% of Millennials say the stress of owning a business is too high!
82% Say they want the money from a Sale, not interested in running it.
89% of Business Owner family members are NOT interested in the business.
21% are not qualified according to the owners.