Reflecting on 2024 and Looking Ahead to 2025
As 2024 comes to a close, I wanted to take a moment to reflect on what has been our busiest and most successful year yet and to share some thoughts as we head into 2025.
2024 was an eventful and, at times, stressful year for small business owners, as election years often are. Some of our clients experienced a bit of consumer hesitation in specific industries, but already, just a month later, we are seeing clear signs of improvement. At Transworld, buyer activity remained at its highest levels ever. Companies are eager to grow through acquisitions of solid, established businesses, and the post-Covid trend of individuals seeking new opportunities continues. Many buyers have decided that now is the time to fulfill their dream of owning a business—whether it’s to avoid returning to the office full-time, eliminate frequent work travel, or simply pursue something they’re passionate about.
Looking Ahead to 2025
Looking ahead to 2025, the outlook for small business sales remains very strong. With interest rates showing signs of stabilization and inflation appearing to be under control, the economic environment is expected to remain favorable for buyers and sellers alike. The economy continues to show resilience, and as consumer confidence grows, so does demand for small businesses. SBA financing is widely available, and buyers are motivated to take control of their professional futures. For business owners, this means valuations are likely to remain strong, making it an excellent time to consider selling.
Incredible Milestones in 2024
This year, we achieved some incredible milestones:
- We listed and sold more businesses in 2024 than in any year prior.
- Businesses sold ranged from $10,000 to over $10 million.
- Transworld sold businesses with a combined value of over $165 million.
- We received almost 100,000 buyer inquiries on our listings, reflecting unprecedented demand.
- Transworld increased our market share to over 65% of small businesses sold by business brokers in Colorado—while the rest of the brokers combined accounted for the remainder.
With buyer activity at an all-time high and favorable market conditions, now is an ideal time to explore the value of your business. Whether you’re ready to sell your business soon or just curious about its worth, we’re here to provide you with a confidential valuation and expert guidance.
We look forward to supporting you in 2025 and wish you and your family a happy, healthy, and prosperous New Year!