BizBuySell, the largest on-line platform for business sales, has released their fourth quarter and year end 2017 insight report for small business transactions. The report details a very active transaction market for buying and selling businesses throughout 2017. Despite previous record highs set in 2016, this past year’s transactions not only set a new a record high, but significantly increasing from the previous year. Closed small business transactions jumped from 7,842 in 2016 to 9,919 in 2017.
Key Financials of Sold Small Businesses
“Asking prices rose 4 percent to $250,000 but more significantly, the median sale price of sold businesses in Q4 jumped nearly 12 percent from $206,000 to $230,000. The median sale price rising faster than the asking prices could point to more established buyers willing to pay more healthy listings.” – BizBuySell Insight Report
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Stronger revenues have led to higher asking prices and demonstrate a strong economy. The median asking price rose by 11%, according to BizBuySell.
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One of the Most Active Mergers and Acquisitions Advisory Firms in the Region
VR Business Sales New Haven represents owners of businesses valued between $500,000 and $25 million or with annual revenues from $1 million to $30 million. The office provides exceptional merger and acquisition (M&A) advisory services to companies operating within a wide range of industry segments in Connecticut, Southern New England and Metro NY. Independently owned and operated, the office consistently ranks within the Top 10 of over 50 offices worldwide with the VR franchise network.