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'Flight to safety' behind food-business sales rise

McDonalds sign fast food franchise

There has been a surge in sales of food-related businesses, according to a BusinessesForSale.com survey of business buyers, sellers and brokers from around the world.

42% of business brokers and transfer agents reported a rise in food-sector sales as buyers appeared to embark on a 'flight to safety' to a relatively recession-proof industry as the economic outlook remains turbulent.

In the UK, one the last advanced economies to emerge from recession, this trend was even more pronounced with 54% reporting an increase in sales.

Many brokers noticed that risk-averse banks were preferring to lend the modest amounts required to buy unspectacular, but reliable 'bricks and mortar' businesses such as convenience stores, takeaways and cafes.

BusinessesForSale.com will publish more detailed survey results in the next few days.

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