The newest BizBuySell Insight report is out – and the news is better than good.
The first quarter of 2017 saw record numbers, where closed transactions were up 29% from the same quarter of 2016. This jump has a lot to do with the booming economy, access to financing options and strong numbers within the small business community itself.
Both median revenue and median cash flow are at the highest levels since BizBuySell started tracking data back in 2007 and median asking and selling prices moved closer together – showing a stabilization of the market.
What does this mean for you? It means that the small business market is healthy and growing, although stabilizing forces will probably curb the record setting numbers of the 1st quarter and leave us with a year very similar to 2016 (which was a great year on it’s own).
If you’re thinking about selling or buying a business, now is the time to do so because the market is healthy, business financials are up and prices are fair.
Do you have questions about the health of the market in your industry or in the industries you are considering? Contact us today.
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