Economy · Small business
Nearly Half of Businesses Selling Soon Say They Could Shrink or Close Without a Buyer
A brand-new Statistics Canada table shows 20.3 percent of private-sector businesses in Canada plan to sell or transfer ownership within 10 years, rising to 26.6 percent among businesses more than 20 years old. Among the smaller group planning to sell within 2 years, StatCan asked for the first time what happens if a buyer can't be found: 46.8 percent called closing or scaling down likely, and 46.5 percent called selling at a reduced price, or to a less-preferred buyer, likely too.
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