These datasets may help you spot the parts of our country where the potential for acquiring baby boomer-owned businesses is highest.
Explore Our Listings
In an era where detailed data about baby boomer business ownership abounds, those interested in acquisition opportunities in the small business sector may need to focus on broader demographic trends and business environments.
To help you in this endeavor, we want to share to two pivotal datasets: states with the oldest workforce ranked from oldest to youngest and states with the most small businesses operating in them, ranked from most to least.
This may help you spot the parts of our country where the potential for acquiring baby boomer-owned businesses is highest.
Here are the top 20 states with the oldest workforce, showing potential for businesses owned by the baby boomer generation who might be looking to retire:
Maine - 44.8 years
New Hampshire - 43.0 years
Vermont - 42.8 years
West Virginia - 42.7 years
Florida - 42.2 years
Connecticut - 41.1 years
Delaware - 41.0 years
Pennsylvania - 40.9 years
Montana - 40.1 years
New Jersey - 40.0 years
Rhode Island - 40.1 years
Montana - 39.9 years
Michigan - 39.8 years
South Carolina - 39.6 years
Wisconsin - 39.6 years
Massachusetts - 39.4 years
Ohio - 39.4 years
Oregon - 39.4 years
Alabama - 39.2 years
Hawaii - 39.2 years
The following states boast the highest numbers of small businesses, indicating vibrant local economies and entrepreneurial activity:
California - 4.2 million
Texas - 3.0 million
Florida - 3.0 million
New York - 2.3 million
Illinois - 1.3 million
Georgia - 1.1 million
Ohio - 1.0 million
Michigan - 907,000
North Carolina - 934,000
Pennsylvania - 1.1 million
Virginia - 809,000
New Jersey - 927,000
Colorado - 674,000
Washington - 641,000
Minnesota - 531,000
Arizona - 627,000
Tennessee - 632,000
Missouri - 543,000
Wisconsin - 467,000
Indiana - 522,000
By cross-referencing these lists, seven states stand out as particularly rich grounds for potential acquisitions of baby boomer-owned businesses:
Florida - High numbers of small businesses and one of the oldest workforces.
Pennsylvania - Significant elderly workforce coupled with a strong small business presence.
Michigan - Among the top states for both aging workforce and number of small businesses.
Ohio - Large small business environment and an older workforce.
New Jersey - High small business density with an aging population.
Wisconsin - Notable for its older workforce and substantial small business count.
Montana - Unique for its position in both lists, indicating a potentially less competitive yet ripe market for acquisitions.
For investors and entrepreneurs looking to acquire small, baby boomer-owned businesses, these seven states offer a strategic starting point. The combination of an aging workforce and a robust small business sector suggests that these regions are not only ripe with opportunity but also critical for those seeking to expand their portfolios in a thoughtful, informed manner. This approach ensures that acquisitions are not only opportunistic but also ideally positioned for success in transitioning demographics and economic climates.
Typically Buying a business is a long drawn out process, due to lack of sourcing tools, weak financial & business information, and slow financing solutions for buyers , weak platforms, marketplace, and tools for advisors - not anymore!
Stay ahead in the dynamic landscape of business acquisitions by exploring our platform's latest blogs, offering insights, trends, and invaluable information to guide you towards informed and strategic decision-making.
Clearly Acquired offers an extensive marketplace equipped with tailored tools, expert guidance, and comprehensive analytics for successful business buying or selling endeavors.
The custom dashboard offers real-time analytics, personalized vendor insights, and streamlined procurement processes for enhanced efficiency and informed decision-making.
The customized user profile enables users to create detailed and customizable profiles, fostering meaningful connections by showcasing expertise, interests, and professional achievements.
Clearly Acquired showcases a comprehensive array of business listings, providing detailed information on diverse industries, services, and locations to facilitate informed partnerships and collaborations.
Effortlessly create a compelling business listing on our platform, maximizing your exposure to potential buyers and streamlining the selling process.
With real-time messaging capabilities, you can engage in direct conversations, share insights, and negotiate terms effortlessly.
Get connected with various people on the platform: business owners, business buyers brokers, consultants, and advisors, and view their profile.
Discover the latest developments in the world of business acquisitions with our news tab, offering comprehensive coverage of industry trends and notable transactions.
Getting verified on your user profile page is crucial on our business acquisition platform as it enhances trust and credibility within the community.
This platform can be used in a wide variety of ways and there are new features we are launching regularly! Check back to see what's new and for what we have in store for 2024!
Unlock a world of opportunities—sign up for free today and gain access to exclusive tools and resources that will supercharge your business journey!
.webp)
.jpg)
.jpg)