Buying a business requires research
If you want to buy a business in the Phoenix metro area, you likely won’t pay as much as you would in other areas of the country.
According to BizBuySell.com, the median asking price for businesses for sale in the Phoenix area is $225,000. That figure is based on 1,299 area businesses that are listed at BizBuySell.com. That included listings from local business brokers as well as “for sale by owner” listings, the Web site said.
The comparable national average figure is $250,000, according to the Web site.
The listed businesses averaged about $315,246 in annual revenue while average cash flow, - the money that comes out of the business – is $83,000.
Mike Handelsman, general manager of BizBuySell.com, said an increasing number of businesses are for sale in the area. As many baby boomers who own businesses move closer to retirement, he expects to see more businesses for sale, which will likely put downward pressure on prices.
BizBuySell is the Internet's largest business for sale marketplace. Since 1996, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell currently has an inventory of approximately businesses - spanning 80 countries - for sale at any one time and receives more than monthly visits. The site also features an extensive franchise directory as well as an easy-to-use business valuation tool. Please visit www.bizbuysell.com for more information.
BizBuySell was founded in 1996 and in 2012 became a division of CoStar Group, Inc. (NASDAQ - CSGP) - commercial real estate's leading provider of information and analytic services. CoStar conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of commercial real estate information and offers a suite of online services enabling clients to analyze, interpret and gain unmatched insight on commercial property values, market conditions and current availabilities. For more information, visit www.costar.com.
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