We have been in this business for 12 years now – and have never seen anything as quiet as the past 1 1/2 years. Our field is connecting buyers and sellers of lodging and foodservice properties, and from our perspective it looks as if anyone who could avoid selling, did so!
However, the past month has seen some movement – we are getting in more quality leads, and more properties and businesses to sell. About time too!
Lets hope the much vaunted upturn of the economy extends to banks lending money to buy properties and businesses to people who need the loans – not just to those who don’t!!
From our experience properties and businesses that can offer to finance their sale get a much healthier response – no surprise there, but, as always – “seller beware” – choose your buyer carefully if you dont want your business back down the road!
I don’t normally comment on blogs but your post was a real call to action. Thank you for a great read.