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
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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