Republished from The Age. Monday 23 March 2015 - Adam Courtenay
If you are in your 50s and 60s and trying to sell your small business, join the ever-lengthening queue. Never before have so many tried to sell so many nest eggs at such short notice.
There are a record 41,200 businesses for sale across Australia as at October 2014, the BizExchange Index shows; a 23 per cent rise on the preceding quarter.
Many point the finger at one group: ageing business owners. There's an oversupply of desperate "seniorpreneurs" flooding the market with the nest egg they created and nurtured over 30 years.
Retirement is the overwhelming reason for selling businesses.