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Want to Buy a Business? Your Timing is Right
A large-scale baby boomer exit will make for a buyer’s market for businesses over the next several years.
By Matthew Mogul, Associate Editor, The Kiplinger Letter
November 5, 2007
Expect a glut of firms to go up for sale as thousands of baby boomers retire. With about 8,000 Americans turning 60 every day, more and more business owners are thinking about retiring. By 2009, an estimated 750,000 companies owned by boomers — one in every six — will be looking for buyers, up fifteen-fold from …