The second quarter of 2020 began with government-mandated shutdowns, disruption, and uncertainty, as small businesses faced new restrictions to prevent the spread of Covid-19. Business buyers paused their search, deals were postponed, and transactions dropped 39 percent, according to BizBuySell’s Insight Report on the small-business market.
By the end of the quarter, the dust had settled and new trends in consumer activity had emerged. Entrepreneurs adjusted their strategy and acquisitions began steadily bouncing back. Given the various forces at play, combined with the Cares Act stimulus loan program, business buyers have been presented with some unique opportunities.