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The Internet's Largest Business for Sale Marketplace |
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The Internet's Largest Business for Sale Marketplace |
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Businesses Looking to Cash Out Sometimes Need to Step in With a Loan as Credit Crunch Continues to Stymie Deals
With the presidential election rapidly approaching and the recent turmoil in the stock market, it's safe to say that thousands of business owners are wondering how these events will affect the valuation of their businesses and their ability to sell.
Homes aren't fetching prices desired by buyers. Now that market malady seems to be extending to businesses in the Tampa Bay area.
Perusing the for-sale listings on business brokerage Web sites feels a lot like skimming the merchandise racks at Mervyns or Linens 'n Things.
According to BizBuySell.com, an online business for sale marketplace, the median sale price of a Milwaukee-area business rose to almost $375,000 during the third quarter, from $333,000 during the same period in 2007.
The asking price for small businesses in this area is going up at a time that actual sales are dropping, reports BizBuySell, a businesses for sale web site.
BizBuySell.com has some good economic news for San Antonio. The median asking price for a company in the San Antonio area rose 7 percent during the third quarter.
Joseph Salmeri's new business venture doesn't exactly have him jumping for joy. But it's having that effect on his customers.
Honolulu business price triples. The median asking price for a Honolulu business jumped 197.7 percent in the third quarter, according to data released yesterday by BizBuySell.com.
The median asking price for a business in Honolulu during the third quarter was $446,500, according bizbuysell.com, a leading internet business marketplace
The economy may be sputtering, but buyers paid top dollar to acquire small businesses in the third quarter of 2008, according to local and national sales data.
Aspiring sellers of small businesses haven't tamped down their expectations one bit during the credit crunch. Except in Baltimore.
Brokers say purchases of South Bay businesses are dwindling amid tightening economic conditions, and looming uncertainties of the upcoming presidential election are adding to the situation.
Fewer business owners are selling these days, amid fears that the slumping economy will hurt the price they will get, transaction data indicates.
There were fewer mergers and acquisitions in the Pittsburgh area during the third quarter, and those deals that did happen came with lower price tags than a year ago, two new reports show.
It's not retreating when you win. Let's set aside all the warm, fuzzy stuff for a moment; one of the main points of owning a business is making money, right?
Owners are waiting for the economy to improve before putting their companies on the market, BizBuySell reports.
Restless baby boomers and corporate castoffs downsized to the unemployment line are fueling a spike in interest in buying small businesses.
It's not uncommon to hear about the adverse impact the current down economy is having on business exit strategies. Don't believe everything you hear. Data we recently collected at BizBuySell.com, based on business-for-sale listings and transactions in the second quarter of 2008, tells a different story.
The economy is struggling, but sales and valuations of small companies are up, according to the latest data.
Is there a Web site that specializes in searching for real estate for small businesses or those who want to establish a small business?
Offering buyers financing assistance may lead to a faster sale of your restaurant. In today's tight business-for-sale marketplace, an owner's willingness to finance the sale gives him an edge over the competition. But owner financing isn't for the faint of heart. To stay on track, sellers need to follow some obvious - and not so obvious - do's and don'ts.
Private sales without public record leave no common standard for measurement. An often closed-mouthed and fiercely competitive bunch, it is not surprising that business brokers give widely varying and sometimes contradictory assessments of the current market.
Small business values and selling prices are up across the nation according to one new report. A web-based business marketplace, BizBuySell.com, has released the newest data tracking trends in for-sale and sold businesses.
To all the usual reasons that small businesses are put up for sale - personal problems and personnel squabbles among them - add economic woes this year. But even as for-sale listings rise around the country, so is buyer interest.
L.A. County sells about a third fewer firms than in the same period last year, Riverside County about half as many. The median asking price for small businesses in Los Angeles and Orange counties is $225,000, the same as a year ago, according to BizBuySell.com, which has 4,363 local businesses listed for sale.
Sales of Pittsburgh companies during the second quarter of 2008 are down from the corresponding three months in 2007, according to two just-compiled reports.
While small businesses nationwide sold for more in the second quarter than they did the prior year, metro Atlanta businesses-for-sale weren't as lucky.
With valuations on the rise, buyers are paying closer to asking prices. Despite the economic downturn, small businesses on the market are selling for more than they did a year ago, according BizBuySell.com.
More area businesses have put up the "for sale" sign. Nearly 100 Milwaukee-area businesses are listed for sale on the BizBuySell web site. The number of local businesses for sale on the site has increased by 70 from the previous year, according to the general manager for BizBuySell, Mike Handelsman.
As boomers retire or take early retirement, business brokers say they expect to see a twofold surge in activity.
Some studies indicate that well over half of all Americans are interested in owning a small business, and Boston residents are no exception. A recent Yahoo poll, for example, reveals that two-thirds of Americans have considered starting their own business.
Think you've got what it takes to start your own business? Here's some advice to make sure you're heading in the right direction.
Small businesses think the economy is falling apart with little light at the end of the tunnel. The Discover's Small Business Watch index of confidence showed that "only 28 percent of business owners said that economic conditions were improving for their businesses," according to Reuters.
To all the usual reasons that small businesses are put up for sale - personal problems and personnel squabbles among them - add economic woes this year. But even as for-sale listings rise around the country, so is buyer interest.
Local businesses for sale across the valley sit on market at lower prices. The economic torpor that's paring home values and reining in taxable sales across the Las Vegas Valley has worked its way into the business-buying segment, with buyers disappearing and company values plummeting as a result, according to an online business-listing service.
Business owners looking to sell find greater exposure on the Web. BizBuySell.com, one of the most popular Web sites for selling businesses, ran advertisements for 214 Sacramento-area companies and franchises in the first quarter, a 240 percent increase from 63 in the first quarter of last year.
Caroline Rohrer wants to sell her southeast Las Vegas florist business, but she's noticed a big problem with local buyers. "There aren't any," she said. The buyer shortage that Rohrer sees has hurt company values in Las Vegas, according to a recent report from a business-sales Web site. BizBuySell.com's analysis of more than 500 area businesses listed for sale on the site showed stark declines in sale prices for local companies.
Before making a major business decision, know your company's real worth. It's a more complex process than you think. Shelley Torgove was thinking of selling her herbal products company and starting a women's clinic, but a valuation showed it made more sense to do a spin-off
Edmond and Blythe Yee sifted through dozens, maybe even hundreds, of for-sale businesses before deciding to buy one in San Jose. There were a lot of gas stations and liquor stores and coin-operated laundromats, but few had everything the couple wanted: a loyal customer base, a knowledgeable staff, well-kept financial records and a product or service that they thought could weather a recession.
Brokers say many baby boomers are heading into retirement by selling their businesses. With baby boomers heading into retirement, brokers are starting to see more of their small businesses on the market. And while owners are asking slightly less than last year, final purchase prices are creeping up.
BizBuySell, a LoopNet (NASDAQ:LOOP) company and the largest online marketplace for buying or selling a small business, has unveiled enhancements to its BrokerWorks service, a tool that facilitates the listing and selling of businesses on the site.
Milwaukee area businesses for sale held their value in the first quarter, but increased pressures from the credit crunch could cut into those multiples in the second quarter, according to BizBuySell.com, a web service that lists businesses for sale.
The residential market isn't the only place to search for deals these days. A report of first quarter business transactions by BizBuySell shows examples of restaurants selling for fractions of their asking price, including a Latin restaurant in Miami-Dade County selling for 17 percent of its asking price and a bagel restaurant in Broward selling for 69 percent. The names of the businesses were not identified.
Sales of small Pittsburgh-area businesses during the first quarter of 2008 spiked dramatically compared with the same three months in 2007, as 15 transactions closed, almost quadrupling the four-deal volume of a year earlier. BizBuySell.com, which chiefly handles very small business transactions, based its data on the 124 Pittsburgh-area companies listed for sale on its Web site.
Corporate buyouts are meeting the corner store. In the midst of souring economic prospects and a poor buyout market for the city's largest companies, the sale of small businesses is booming, according to new industry data from the nation's largest online business broker, BizBuySell LLC. Anecdotally, business brokers said sellers' interest is reaching its highest levels in years.
Providing buyers with assistance on financing may be the key to attracting more buyers and selling at the right price.In today's tight business-for-sale marketplace, an owner's willingness to finance the sale gives him an edge over the competition. But owner financing isn't for the faint of heart. To stay on track, sellers need to follow some obvious - and some not so obvious - dos and don'ts.
Q: I would like to sell some of my client base to another professional. Since my business is built on very personal relationships with my clients, I know I would have to make the introductions, and ease the way for the buyer. But how might I find a buyer?
BizBuySell, a LoopNet (NASDAQ:LOOP) company and the largest online marketplace for buying or selling a small business, has unveiled enhancements to its BrokerWorks service, a tool that facilitates the listing and selling of businesses on the site.
When it comes to selling a business, organized, detail-oriented people have it all over the rest of us. Good records can mean the difference between selling for millions - or not selling at all. To sell well:
Ron Dhillon decided to buy his own business in 2001, and he scoured Web sites until he saw a listing he thought was unique. The seller's business broker guided the process so that in three months, Dhillon was able to purchase the three-store British Food Centre chain for $800,000, including inventory.
Bigger businesses are hitting the sale block in Pittsburgh, and they're fetching a higher price, according to an online marketplace.
The average asking price for businesses for sale in the Orange-County-Los Angeles area is about $225,000, according to BizBuySell. That asking price is unchanged from the third quarter, said the businesses-for-sale Web site.
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.
Businesses brokers told BizBuySell that they closed 69 deals to sell South Florida companies through the Web site in the fourth quarter. Most of these were small businesses, and the median sales price was $180,000, which represented 91 percent of the median asking price by the sellers. The companies that were sold had $450,000 in median revenue.
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.
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