摘要: |
Consolidation of collision centers could not have come at a better time for buyers and sellers. The baby boomers own a significant share of existing independent shops, and many do not have family successors, so the timing of consolidation is ripe for them. In fact, most of my clients have been baby boomers. Conversely, there are a lot of young people selling or considering selling at a much higher rate. I think the last few years have brought a lot of added stress and anxiety, and the business just isn't fun anymore in a lot of owners' minds, so I think anyone is ripe to sell. As of right now, it seems as if we have COVID in our rearview mirror. However, there are a lot of shops still financially recovering from COVID's impact - loss of work/workers, shutdowns, etc. - which is further fueling shop owners' motivation to sell. Then you add in current events that have been thrown into the mix in the last few months. |