BizBuySell Reports Number of Small Business Sold Transactions Hits Record Levels 1st Half of 2017
BizBuySell.com’s Second Quarter 2017 Insight Report indicates 2017 is on track for a record-breaking year of small business sales as deals close faster. A total of 2,534 closed transactions were reported in the second quarter of 2017, a 31 percent increase from this time last year. This brings the year-to-date total to 4,902 closed transactions. If this pace holds up, 2017 will easily surpass 2016, when BizBuySell reported a then record 3,775 transactions in the first half of the year.
Below are a few highlights from the report:
- Businesses sold in Q2 saw an increase of 11% in median revenue
- For the same quarter, median cash flow increased 10.5%
- Average multiple of cash flow increased 5.1%
- Median asking price for closed deals increased 12.6%
- Sales to asking price remained at a consistent 92%
- Total listings increased 13% year over year
- Restaurants saw the largest increase in activity up 34% in closed transactions
“Our recent conversations with brokers and previous research shows both buyers and sellers are confident in today’s business-for-sale environment,” said Bob House, president of BizBuySell.com and BizQuest.com. “This streak of record-number transactions confirms this sentiment and suggests many are capitalizing on today’s hot market.”
Source: BizBuySell 2017 Q2 Insight Report
