[b][VANCOUVER, 20/12/2017][/b] - A surge of baby boomers are expected to sell their businesses this year, and millennials account for the majority of their prospects. According to a study, retiring business owners will likely sell $10 trillion worth of assets over the next two decades. A majority of these assets can be found in privately owned businesses. According to The Globe and Mail, there are 2.3 million small businesses in Canada, and the majority is run or owned by baby boomers nearing retirement.

[b]A Win-Win Scenario[/b]

A Forbes article suggested that baby boomers and millennials share some similar values which help the two generations in business transactions. Business-to-business marketing firm Sacunas Inc., now Merit Marketing Inc., found that 80% of millennial business buyers have high regard for the environmental, social and philanthropic contributions of their potential business sellers. This generation looks at why the business exists and what kind of impact it has on its clients.

Baby boomers prefer selling their businesses to people who share their vision and ideals. According to business publication Fast Company Magazine, many retirees want to pass on their values, hopes and dreams to an entrepreneur who will pour as much dedication and hard work into the business, as they did.

In a separate article, Forbes enumerated more advantages of boomer to millennial business transfers. First-time entrepreneurs who have little to no collateral or capital can benefit from baby boomer businesses that have tested business models and no debt. Baby boomers may even remain involved in financing the business or being an advisor.

[b]Business Opportunity in Canada’s Business District[/b]

Vancouver Business Brokers offers business opportunities to millennial entrepreneurs who are seeking to own their first business. Being a popular city for new and expanding businesses, Vancouver offers a variety of opportunities ranging from technology to tourism.

“By buying an existing business, an entrepreneur not buys an opportunity to run a profitable enterprise, but also gain access to the entity’s trading history, stock, any real estate, and even the employees that are currently working within the business,” says Vancouver Business Brokers.

The firm has an extensive list of local businesses in the British Columbia area that prospective buyers can choose from. Those interested can get in touch with their team for property type, price range and other considerations.

[b]About Vancouver Business Brokers[/b]

Vancouver Business Brokers is a team of commercial real estate specialists who extend their services to investors and entrepreneurs. The team also focuses on building relationships with their clients that allows them to provide personalised counselling and services.

To learn more about Vancouver Business Brokers and their services, visit [b]http://vancouverbusinessbrokers.ca[/b].