What percent of broker marketed deals don't transact?
Was having a chat with a friend the other day, and it seems like 90% of brokered deals are still in market 6-9 months later.
Not sure if anyone has any data or anecdata on this, but curious what people think.
Obviously depends a ton on economic cycle, but what % of $500k-3 mm EBITDA businesses that are marketed by a broker never transact or take >1 year (and therefore basically go through another marketing cycle)?
