There is good news for both small business buyers and sellers in the latest BizBuySell Insight Report.
Good news for sellers: they are asking and receiving more money than ever recorded for the sale of their businesses.
Good news for buyers: higher selling prices are supported by strong business financials fuelled by a healthy economy.
The agreement between buyers and sellers on higher prices is reflected in the sales-to-ask ratio increasing to 93 percent. The median price for a small business hit $249,000 in the third quarter, an increase of 10.7 percent compared to 2017, and the highest amount since data collection started in 2007.
Median revenue and median cash flow are also up 7.4 percent and 2.8 percent year-over-year. For complete details and historical charts visit: Small Businesses Are Selling for Highest Prices on Record.
Thinking of selling your business? With over 30 years of experience and more than 800 successful closings Proforma Partners can help you with your exit plans. Contact a Proforma Partners Advisor and discuss the next steps to maximize your sale price and manage your capital gains.