Baby boomers ‘are increasingly interested in buying businesses’

Posted 16/11/2010

An increasing number of ‘baby-boomers’ are buying a business or seeking to secure commercial contracts, a new study says.

Analysis of visitors to website Businessforsale.com showed that 27 per cent of customers looking for a new venture are over the age of 55.

The study, which was sanctioned by Dynamis, found that large numbers of people heading towards retirement age were searching for secure investments.

Many of the Brits born as part of the population boom following World War II appear interested in buying out already successful businesses.

Jeremy Mandell, head of marketing at Dynamis, told Businesswings.co.uk: “Many of the post-war generation now in their late 50s and 60s see buying a business with a proven track record as a safer investment than shares or pension funds.”

Budding entrepreneurs have been advised to be careful when purchasing a business and to set aside money to cover unexpected bills left by the previous occupants, according to MSN Money.