Business sales plummet as owners hold on - Nashville Business Journal:

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Business brokers say their busineses of connecting buyers and sellers is down by as much as 50 percenyt because of a lack of financinvg on the partof would-be and a desire to wait untip valuations are higher on the part of sellers. “Ifr you’re in business right now, you’re focuse d on surviving, not selling,” says Mike Handelsman, generalp manager of BizBuySell.com, an onlinse marketplace for ownersand brokers. “Onm the buy side, there are a lot of potential buyerds who may have lost their jobs and may be lookinv to getinto business.
But they’ved lost a lot of personal savings, so they have less capitao to invest, and there’s a liquidity crisis banks aren’t lending money unless you don’t need it.” Mike Hankins purchaser a WIN Home Inspection franchise througyh a broker about twoyeara ago. Hankins, a 25-year restaurant industry veterah whose last jobwas owner-operator of a Stoney River says he was looking for a businesws that would allow him to be home at