A new report has found one in every 379 education businesses are currently up for sale after a challenging year for businesses.
The report analysed business data from sale platforms RightBiz and BusinessForSale and then compared the results to the number of registered businesses per industry. In doing this, they identified the regions and areas that have the highest proportion of companies on the market.
At the top of the table, hospitality, restaurant, and bar owners are most likely to sell with one in every 9.8 businesses up for sale.
At the bottom of the table, owners of agriculture businesses show no sign of closing up shop with just one in every 943 businesses up for sale. Transportation and software/IT business owners followed in a similar vein with one in every 802 businesses being up for sale.
Industries Most Likely To Sell Up
|Industries||Total Number of Businesses||Number of Businesses for Sale||Proportion of businesses for sale|
|Hospitality, Restaurants & Bars||143,000||14,476||One in every 9.88 businesses|
|Technology (Retail)||5,664||559||One in every 10.13 businesses|
|Medical||4,300||355||One in every 12.11 businesses|
|Media||10,603||839||One in every 12.64 businesses|
|Fashion & Beauty||83,425||1644||One in every 50.75 businesses|
|Financial Services||84,000||957||One in every 87.77 businesses|
|Retail||548,000||5614||One in every 97.61 businesses|
|Sales & Marketing||25,000||222||One in every 112.61 businesses|
|Business Services||635,000||4066||One in every 156.17 businesses|
|Energy & Natural Resources||30,798||150||One in every 205.32 businesses|
|Entertainment & Leisure||275,000||1269||One in every 216.71 businesses|
|Manufacturing & Engineering||244,000||942||One in every 259.02 businesses|
|Education & Training||308,000||812||One in every 379.31 businesses|
|Construction||914,000||1351||One in every 676.54 businesses|
|Property||130,000||178||One in every 730.34 businesses|
|Software (IT)||335,000||418||One in every 801.44 businesses|
|Transportation||339,000||422||One in every 803.32 businesses|
|Agriculture||215,000||228||One in every 942.98 businesses|
Commenting on the research Ifty Nasir, founder and CEO at Vestd said:
“It’s been an incredibly challenging time for businesses over the past year and beyond and our data makes it all too clear that the cost of living crisis is continuing to hit businesses where it hurts, their bottom line.
“It’s a difficult landscape for business owners looking to put exit exit strategies in place. It’s important that you think about this process well in advance and familiarise yourself with the different ways you are able to sell your business and the pros and cons of each.
“Planning an exit that meets your individual requirements, as well as those of your business, will make the process of selling as stress-free as possible but that is easier said than done with the current set of challenges.
“If you’re planning to sell your business, make sure you’ve got your team engaged and are working to increase productivity. One way to encourage this is for business owners to share a piece of the pie with their employees through enterprise management incentives. This too can also provide welcome relief to the company tax bill and reward your employees in the process.”
Click here for more information and to view The UK Business Investment Report
Vestd utilised business sale data from sale platforms RightBiz and BusinessForSale before comparing with the number of registered businesses per industry to identify what regions and areas have the highest proportion of businesses up for sale to create the UK Business Investment Report.
All data correct as of October 2023.Recommend0 recommendationsPublished in