BIZ SHOPPING: Perhaps buying a small business is one of the last places where a Seattleite can find a bargain -- business valuations in Seattle appear to be lower than the national average. The median small business in the Seattle area goes for about $198,000 a pop, an increase from $190,000 in the previous quarter.
The national median asking price for a small business is $255,000, according to fourth-quarter data released by BizBuySell.com.
The data is based on 294 Seattle-area businesses listed with the company.
Of the businesses for sale, manufacturing businesses are fetching the most -- a $500,000 median price -- whereas service businesses cost the least, with a median price of $150,000. The Seattle businesses for sale had median annual revenue of $366,051.
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.
Walker Sands Communications
office: (312) 546-4712