8/19/2015 – Baby Boomers Ready to Sell Businesses to the Next Generation (The New York Times)

As the sting of the recession fades and the economy grows healthier, entrepreneurial baby boomers who spent the last few decades building businesses are starting to move on to the next phase of their careers: cashing out. And as the generational torch is passed, the profile of small businesses is changing, too, with a markedly higher share of minority groups and women among younger business owners — a trend that could shift patterns of wealth and economic prospects. The number of small businesses listed for sale nationwide is at a six-year high, according to data compiled by BizBuySell.com, an online marketplace. The tally of completed transactions is also rising, and the median sale price is up 12 percent compared with prices a year ago.

Read the full article in The New York Times.