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.

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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