Is Now A Good Time To Put Your Business for Sale in Tucson?
Posted by Jeffrey Abbott
Many business owners thinking about selling their business have probably thought to themselves that these difficult economic times are not the right time to sell.
However, according to Marshall Vest of the University of Arizona Economic and Business Research Center in a report issued on March 1, 2010, the recession has been over for more than 6 months.
Here are some of the highlights of Vest's study that affect businesses for sale in Tucson:
- Employment is no longer falling
- Retail sales are increasing
- Personal income has stabilized
- Housing markets are in the early stages of recovery
- News releases of firms hiring workers have improved significantly in recent months.
- Residential building permits, an important leading indicator, bottomed in March 2009 and have increased by more than 70% statewide through December.
- Existing home sales as recorded by realtor data have rebounded sharply.
- Housing prices are no longer falling, according to industry measures.
In spite of these many positive leading indicators, Vest cautions that the recovery will come slowly over the next 3 years or so. But he goes on to conclude that "Arizona will accelerate again and is expected to move back into the top tier of fastest-growing states in a couple of years." Now that's some good news.
For business buyers, the timing of buying a business in Arizona looks advantageous with things just turning the corner and about to rebound. For every buyer, there needs to be a seller.
Click to read the entire report:
http://azeconomy.eller.arizona.edu/AZE10Q1/Recession_Is_Over.aspx
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