Small Businesses Are Selling for Highest Prices on Record, According to BizBuySell Report
BizBuySell just released their quarterly insight report for Q3 2018 with some interesting data in regards to sale price and business financial success.
Small businesses sold for a median price of $249,000 in the third quarter, up 10.7 percent from the same time last year and the highest amount since BizBuySell started collecting data in 2007. The median asking price grew 7.6 percent to $269,000 which translates to a 93 percent sales-to-ask ratio, up slightly from the 92 percent reported in Q3 2017. The strong sales-to-ask ratio likely means that buyers and sellers are seeing eye-to-eye in terms of value. While owners are getting top dollar for their business, buyers are inheriting businesses with a better financial footing. Primarily fueled by a healthy economy, businesses sold in Q3 had $530,995 median revenue and $116,229 median cash flow. Those financial totals are up 7.4 percent and 2.8 percent respectively year-over-year.
Read the entire article here.
Small Business Listing Metrics
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