There is a major change coming to the agency world and you should be prepared for it. Right now, there are thousands of agencies who all look similar, are similar sizes, and provide similar services. This means this industry is ripe for a roll-up.
I was discussing this with the agency owners in our Mastermind Group last week. Almost all of them were interested in this process and it was a lively conversation with everyone sharing.
Some of you may have even had initial conversations with potential buyers. Some potential acquirers are working on rolling up a number of smaller agencies to produce an agency that does over $10 million in revenue and over $1 million in profit each year.
