Businesses hot sellers in San Antonio

San Antonio businesses for sell on a leading Internet sales site have a price tag typically of nearly $300,000, which is stronger than the $250,000 average asking price for businesses across the country.

That's the word from BizBuySell.com, which describes itself as the largest business-for-sale marketplace on the Internet. It said the median asking price for the 157 San Antonio area businesses it lists is $299,000.

The businesses averaged about $470,000 in revenue and produced average returns of more than $99,000, officials said.

Mike Handelsman, the site's general manage, said a growing number of businesses are being listed from the area. As Baby Boomers with businesses move closer to retirement age, the number could grow faster, which may bring down prices, Handelsman said.

— William Pack

About BizBuySell:

BizBuySell is the Internet's largest and most heavily trafficked business for sale marketplace, with more business for sale listings, more unique users, and more search activity than any other service. BizBuySell currently has an inventory of over 48,000 businesses for sale, and more than 275,000 unique visitors each month. BizBuySell also has one of the largest databases of sale comparables for recently sold businesses and one of the industry's leading franchise directories.

BizBuySell was founded in 1996 and acquired by LoopNet, Inc. in 2004. LoopNet operates the largest commercial real estate listing service online, with more than 2.2 million registered members and 920,000 unique visitors monthly. The LoopNet online marketplace contains more than $440 billion of property available for sale and 3.4 billion square feet of property available for lease.

Media Contact:

Frank Krolicki
Walker Sands Communications
office: (312) 546-4127
email: fkrolicki@walkersands.com

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