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It appears that small businesses across the U.S are increasingly becoming tempting takeover opportunities. Avid buyers such as financiers and private equity funds flushed with cash are turning to small businesses as potential investment sources.
Prime targets for these investors are well-oiled businesses with an annual profit of at least $150,000. Manufacturing, trucking and garbage collecting concerns are ever popular targets.
According to Grafton “Cap” Willey, a shareholder and managing partner of the Rhode Island offices of Tofias PC, a regional accounting firm, and chairman of the National Small Business Association, most deals are being done with businesses with around $250,000 or up in annual profits.
An recent Philly.com article provides further insight into this increasing phenomenon. To read the article, click here.
