Owners of Small Stores Becoming More Diverse, Study Finds

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Owners of Small Stores Becoming More Diverse, Study Finds

shutterstock_196036901The next generation of small-store owners is younger and more diverse, according to a survey of more than 3,000 business owners and potential buyers by BizBuySell.

About 49 percent of buyers 18 to 29 years old identify themselves as a minority, compared with 19 percent of 50-plus buyers. African-Americans and Asian/Pacific Islanders were especially interested in purchasing a convenience store, Convenience Store News reports.

Only 22 percent of current and prospective buyers are women.

The full survey is available here. 

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By |2018-10-10T11:22:38-04:00July 21st, 2016|Industry News, Press|

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