Number of businesses for sale goes up 25% in Sverdlovsk Region
9 April 2015 (09:20)
April 9, 2015. Sverdlovsk Region residents are finding themselves forced to sell their ready businesses ever more often due to cash flow problems, Rmarket’s Andrei Seleznev told UrBC.
‘Many business people’s incomes dropped because of the devaluation of the ruble, while their spending went up at the same time. Besides, loans are now virtually unavailable in Russia. This means entrepreneurs just have considerably less money to keep on developing, so many of them have to offer their companies for sale. Some of them do it on their own through services such as Avito.ru and some use special agents,’ Seleznev says.
According to Seleznev, the number of businesses put up to sale has gone up by 20% to 30% since the beginning of the year, while the number of actual transactions has remained the same as a year earlier. A successful sale depends on many factors, including the industry sector a company is in, its ‘age’, and financial performance indicators.
‘Many business people’s incomes dropped because of the devaluation of the ruble, while their spending went up at the same time. Besides, loans are now virtually unavailable in Russia. This means entrepreneurs just have considerably less money to keep on developing, so many of them have to offer their companies for sale. Some of them do it on their own through services such as Avito.ru and some use special agents,’ Seleznev says.
According to Seleznev, the number of businesses put up to sale has gone up by 20% to 30% since the beginning of the year, while the number of actual transactions has remained the same as a year earlier. A successful sale depends on many factors, including the industry sector a company is in, its ‘age’, and financial performance indicators.
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