Hey Tampa bay entrepreneurs, Michael Shea here, your Transworld Business Broker. Remember the Great Recession? Yeah, not fun. Then came COVID, lockdown, economic jitters – enough to make anyone crave some business stability. That’s why the term “recession-proof” is hotter than a Cuban coffee on a Florida summer day.
But what industries are actually weathering the storms? Transworld’s got the intel, straight from our Main Street Market Report. Buckle up!
The Rise of the Resilient:
- Restaurants: Food is always in demand, even when times are tough. Closed transactions in this category spiked a whopping 34% since 2021!
- Construction: Bricks and mortar ain’t going anywhere. This sector saw a 38% jump, showing people are still investing in building their dreams.
- Beauty/Personal Care: Looking good feels good, no matter the economy. This industry surged 46%, proving pampering is recession-resistant.
- Automotive: We gotta get around, even if gas prices sting. Auto businesses revved up with a 38% increase.
- Medical-related: Health is always a top priority. This sector saw a steady 18% rise, highlighting people’s focus on well-being.
Selling Smart:
Thinking of unloading your Tampa Bay Business? More people than ever are chasing the entrepreneurial dream, meaning now’s a prime time to cash out. Plus, your business in these hot industries will be like catnip to potential buyers.
Looking Ahead:
The crystal ball’s a bit cloudy, but based on deal volume, these standouts seem poised for continued growth:
- Restaurants
- Construction
- Beauty/Personal Care
- Automotive
- Medical-related
Industries on the Slide:
Not all sectors are golden. Here’s what’s cooling down:
- Liquor-related businesses: Seems folks are cutting back on cocktails during uncertain times.
- Real estate: Rising mortgage rates might be putting a damper on property buys.
- Business services: With companies tightening belts, some service providers are feeling the squeeze.
- Ice cream/yogurt shops: Maybe it’s the New Year’s resolutions kicking in? Whatever the reason, these sweet treats are seeing a dip.
The Takeaway:
Owning a recession-proof business can be a smart move, both for buyers and sellers. By choosing an industry that’s shown its resilience, you can navigate economic tides with a bit more confidence.
Ready to make your move? Transworld’s team of savvy advisors is here to guide you. From valuations to negotiations, we’ll navigate the process like seasoned skippers in a choppy sea.
So, Tampa, let’s turn your business dreams into recession-proof realities! Contact Transworld today and let’s make this next chapter a success story.
Remember, it’s not just about selling a business, it’s about building a brighter future.
- Michael Shea, Transworld Business Broker, Tampa
P.S. Don’t forget to check out our handy business valuation calculator to see how much your future success could be worth!
For more on buying and selling a business contact Tampa Business Broker Michael Shea of Transworld Business Advisors at 321-287-0349 or email mike@tworld.com .