An increasing number of SMEs owned by baby boomers are being sold cheaply in what is emerging as a golden opportunity for Generation X and Y entrepreneurs, The Age reports.
The CPA's BizExchange index – which monitors the sale of private businesses – has found the value of retail, hospitality and wholesale businesses has fallen in the March quarter of this year.
As a result, 2007 may be a good year for younger entrepreneurs looking to purchase a business provided they overcome hurdles to accessing finance, such as high personal debt.
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