They have their own opinions expressed by business partners.
Since the Baby Boomers retire, they are leaving not only their job but also their companies. This population trend, known as “Silver Tsunami”, is creating unprecedented opportunities for investors, business owners and business people.
According to the US Census Bureau data, 52.3 % Among us, the employer’s businesses are owned by people aged 55 years or older, and many of them are preparing to get out. These are not new projects. They are solid, tax receiving businesses with long -term consumers and experienced staff. Thus, they are especially appealing to the next group of owners. But in the current market, a major discrimination separates rapidly selling businesses from people trapped: adoption of technology.
Related: Why is the biggest opportunity to buy a business for young businessmen here – and why should you work now
High -performing businesses that are selling boomers
The boomers have created a wide range of small and medium -sized companies. The most common industries in the lists are:
Service Companies: Financial planners, insurance brokers, marketing consultants and medical centers
Retail and online: Traditional retail stores and online stores that have solid sale date
Tourism and Hospitality: Small hotels, travel agencies and activity -based business
Preparation: Small manufacturers, especially in special or local markets
The property is undeniable and construction: Common contractors, home repair services and special construction firms
Food and drinks: Multi Unit Quick Service Restaurant Restaurant
Rehabilitation Services: Dargain, HVAC and Property Maintenance Companies
Although all these sectors are promising, there is an aging industry that remains in the rest of innovation and investment: car dealerships are used.
Automoto retail and repair
The universe sold for independent auto dealership and auto repair business is a very dynamic niche. However, the business is changing dramatically, and success depends on a fundamental change: embracing technology. The business of selling used car is flourishing regardless of economic heights and buses. In fact, Ibisworld The sales of US -used vehicles are now more than $ 150 billion in 2024 as new cars are so expensive and consumers are changing their purchase habits.
The dealership that receives the most advertising is more than a car reservoir. They have a modern technology platform.
From oil stains to pile of clouds
Many old cars, paper log boxes, cold calls, and paper inventory have been replaced by leading operations with cloud first, AI -based system. The leading dealers now use digital and AI -powered changes.
New auto dealers and repair centers, often integrated (but not all the time), are more digital lover, which transforms the latest classic auto dealership with the latest. AI and digital shifts and trendsAI -based chat boats, smart follow -ups and cloud -based software are easy to manage customer data, inventory, financing, transaction and post -sale.
In short, digital change is no longer an option. This is essential for admission to the market.
Market facts and what to see
Most of the available businesses are small and medium -sized. They are profitable but they do not have a success. It offers a good platform for business people and investors to come and promote tasks. Discrimination is an important aspect that is based on technology. In business sectors such as auto releases, modern systems can play an important role in business costs and buyers’ interest.
The customer’s base and operational history provides a runway for success, but tech boyfriends should check to see that existing business tools and systems are like.
The guidance of retired owners is common, especially in boomers who want to ensure their legacy. It can be a valuable asset.
Related: Baby Boomer business is ready for occupation – how can businesses benefit here in 2025
A generation opportunity, if you are ready
Whether you want to buy a successful model or an investor who wants to enhance the heritage business, this generation change is a unique opportunity. But in today’s market, it is not enough to own just one heritage. Buyers should not only analyze the brand or topline, but also basic technology and digital changes.
Social Media and AI/LLM Tolls are challenging users’ methods Find for products or servicesTalk with purchase, transactions and businesses, and it can be a great opportunity for new generations of businessmen to get the old business and make them compatible with consumer expectations in Digital First, Customer, Customers, businesses today and further business and loyalty.
Since the Baby Boomers retire, they are leaving not only their job but also their companies. This population trend, known as “Silver Tsunami”, is creating unprecedented opportunities for investors, business owners and business people.
According to the US Census Bureau data, 52.3 % Among us, the employer’s businesses are owned by people aged 55 years or older, and many of them are preparing to get out. These are not new projects. They are solid, tax receiving businesses with long -term consumers and experienced staff. Thus, they are especially appealing to the next group of owners. But in the current market, a major discrimination separates rapidly selling businesses from people trapped: adoption of technology.
Related: Why is the biggest opportunity to buy a business for young businessmen here – and why should you work now
The rest of this article is locked.
Join the business+ To reach today.