“Canadians are aging, and Canadian entrepreneurs are aging even faster. According to a recent CIBC report, the number of self-employed who are nearing retirement (ages 55 to 64) has been rising rapidly in recent years, growing by a whopping 7.5% annually since the beginning of the decade. This is double the growth rate seen in the 1990s. One-fifth of small business owners (or more than 500,000) are planning to retire within the next five years, and another 30% will retire by 2020. That is, within the coming 15 years, more than half of the country’s current small business owners are expected to retire.”

 

Sunbelt Business brokers can help small business owners prepare for this transition, by preparing and marketing the company for sale, listing your company on the market, searching for qualified candidates and helping during the negotiations and closing of the sale.