New Haven, CT – VR Business Sales – Mergers & Acquisitions, Marcum LLP, and the Law Firm of Zangari Cohn Cuthbertson Duhl & Grello P.C. released the 2020 Year End Report of the CT Business Owners Exit Planning Survey. The Connecticut Business Owners Exit Planning Survey was created to measure how well owners are prepared for an exit and to gauge their sentiment for selling a business in Connecticut.
This year’s survey also gauges the effects of the pandemic on Connecticut businesses. Key findings include:
- 76% of businesses have been hurt by the pandemic.
- In 2020, the Connecticut transaction market grew more favorable to buyers than sellers mirroring the trend in the national market.
- Connecticut businesses are recovering from the pandemic, but the large majority of owners anticipate it will take 12 to 24 months to fully recover.
- 4 in 10 business owners say their exit strategy has changed since the onset of the pandemic.
Survey Sponsors
VR Mergers & Acquisitions in New Haven represents owners of businesses valued between $500,000 and $20 million or with annual revenues from $1 million to $25 million. The office provides exceptional merger and acquisition advisory services to companies operating within a wide range of industry segments in Connecticut, Southern New England and Metro NY.
ZC is a firm of accomplished attorneys providing smart and creative solutions to local, national, and international businesses and their owners since 1946. The firm’s legal services includes business transactions, succession and estate planning, family businesses, tax, real estate, employment, and litigation. Benjamin Michaelson is responsible for this content.
Marcum LLP is one of the largest independent public accounting and advisory service firms in the nation, offering a full spectrum of traditional tax, accounting and assurance services; advisory valuation and litigation support; and an extensive range of specialty and niche industry practices.
