Canadian Business Broker Sees Increased Activity in Sales of Businesses

June 25, 2010 - PRLog -- Hamilton, ON – A business brokerage professional in Ontario, Canada is experiencing an uptick in business resale activity.  This is an encouraging signal that confidence in the small business sector may be recovering in southern Ontario.

"There have been more sales and inquiries compared to the same time in 2009" said Steve Skrlac a business brokerage professional. "There are more buyers coming into the marketplace and more offers and letters of intent are being negotiated,” said Skrlac.  “Owners of good, profitable companies that have been riding out the recession seem to be ready to sell also,” asserts Skrlac.

The small business resale market in southern Ontario was severely affected by the global recession, as was the rest of the country and the USA.  Fear and uncertainty among business buyers and sellers was prevalent.  Buyers feared that the recession would impact revenues and profitability for the foreseeable future and owners of profitable companies held off on sell their businesses as overall valuations were depressed.

The impact of the recession negated the deal volume that business brokers were used to.  Retiring baby boomers that own businesses are expected to be a growth driver in the business resale marker. "It was quite remarkable.  Overall volume was down to the point where call volumes went from approximately 30 calls per day from buyers and sellers to about 10,” says Skrlac.  

New evidence is suggesting that the Canadian recovery is taking root and people are more confident in doing a transaction.  “Call volume is way up and people now seem ready to go back to business,” assets Skrlac.  Bank financing still remains difficult but a creative broker and open-minded buyers and sellers are finding ways to make deals happen.

Steve Skrlac is a business brokerage professional in southern Ontario, Canada and helps people to buy or sell a business in the Greater Toronto Area

Coldwell Banker Pinnacle is based in Hamilton, Ontario.  Steve Skrlac, MBA, CFA focuses on the field of business brokerage.  His focus is on small businesses valued from $100,000 to $5,000,000.

For more information contact:
Steve Skrlac, MBA, CFA
Coldwell Banker, Pinnacle  
Hamilton, Ontario, Canada
905-308-3325
http://www.businesses-buysell.com

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Business brokerage professional focusing on the sale of businesses in Ontario, Canada that are valued up tp $5 million.