|By PR Newswire||
|October 11, 2012 07:05 AM EDT||
LONDON, October 11, 2012 /PRNewswire/ --
It's been more than four years since Lehman Brothers filed for bankruptcy protection, but the investment bank is still seeking buyers for the $10 billion of assets it still controls from its $40.5 billion portfolio.
According to a survey by http://us.BusinessesForSale.com, the world's largest website for buying and selling businesses, now is the perfect time for the independently wealthy to buy such distressed businesses.
Of the hundreds of brokers surveyed, an astonishing 91% agreed that 'It's a fantastic time to buy a business for cash-rich buyers who don't need to approach the banks'.
BusinessesForSale.com co-founder and director Andrew Markou says: "It's great news. This could be the perfect time for the cash-rich to begin or expand a portfolio."
The survey provides an insight into why this is the case, with 63% of respondents agreeing that sellers have become more realistic about the asking price of their business since the initial crash of 2007.
"Most people have never been through a crisis like this," adds Markou. "Sellers were not expecting such a long road to recovery, and it has taken some time for attitudes to adjust. Now that they have, however, it's an exciting time for buyers - there are some great deals to be made."
- Andrew Markou (CEO) Dynamis Ltd
BusinessesForSale.com is the world's largest website for buying and selling businesses online with more than 56,000 business listings and more than one million unique visitors every month. Such is our expertise in search-technology that we power business classified listings on FT.com, Telegraph.co.uk, MailOnline.co.uk, Reed.co.uk and AMEinfo.com, providing fully managed solutions.