Time to Sell Your Business?
By Carol Tice of Entrepreneur.com Magazine
Nationally, the businesses sold had a median revenue of $395,000 and a median sale price of $200,000 in the quarter ended June 30. The businesses had a median cash flow of nearly $95,000. Close to 2,100 businesses changed hands through bizbuysell.com in the second quarter, up from 1,559 in second-quarter 2007.
What explains the strong market for businesses for sale amid an economic downturn? BizBuySell general manager Michael Handelsman says the law of supply and demand is keeping prices high. Though his growing site continues to see rising listings, he believes the total number of businesses for sale nationally has declined, as many business owners are waiting for the economy to improve in hopes of getting a better price. ...
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