In a company report, George & Company looks at the last 10 years in the restaurant market, outlining how the recession affected the industry and how restaurants have recovered. Using information from the National Restaurant Association and Statista, the business brokerage shows how now might be the time to get into the restaurant industry.
George & Co highlights three businesses for sale in the local Massachusetts area, comparing local trends with national data. The report analyzes looks at features unique to certain businesses, and features business buyers should look at before getting into the market. More information on each business can be found by contacting George and Company directly.
New National brokerage data shows that restaurant sellers are having a harder time selling their businesses, but at the same time being able to significantly increase their asking price. George & Company shows how this new data should factor into your plans to buy or sell such a business, and uses Southern New England as an example of how regions within the U.S. can prove to be exceptions.
George & Company uses data from several polls to show how the student loans of Millennials affect their ability to plan for or own businesses, as well has options available to these young entrepreneurs to become business owners.
Recently President Obama and Congress passed a year-end "Omnibus" bill. Included within this $1.1 trillion bill was a 10 month extension to the EB-5 Immigrant Investor Program while the US government continues to review the program and its shortcomings. This George & Company report focus on what changes are likely, what it means for investors, and working with local business brokers avoid fraud.
Baby boomers who have owned businesses all their lives are reaching and passing retirement age without the plan or ability to sell their businesses. With 75% of a small business owner's net worth tied in their business and many with no plans to retire, many business owners are left in a spiral that ends with the shuttering of their business and a pauper's retirement.
Recovering from the lean times of the Great Recession, the strong businesses of Baby Boomers are looking appealing to the growing trend of Millennial entrepreneurs looking to make it big not by starting up a business, but by expanding an existing one. Now is the time to get your business out on the open market or find the perfect business to buy and expand.
Restaurants and bars represent a quarter of the small business market. Chris George of George and Company discusses reasons behind the restaurant boom, why there are so many pizza restaurants available, tips for restaurant buyers and sellers and its top 5 businesses for the month of October.
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