BizBuySell Insight Reports

First Half 2016 Small Business Transactions Up Slightly Over 2015; Data Shows Inverse Relationship Between Asking Price and Time on Market

BizBuySell's Second Quarter 2016 Insight Report shows market stabilizing at high activity levels; median time to market a business is about 6 months.

San Francisco, CA - BizBuySell.com, the Internet's largest business-for-sale marketplace, reported today that the total number of small businesses changing hands in the first half of 2016 represents an increase from not only last year, but from the record-setting 2014 as well. The full results are included in BizBuySell's Q2 2016 Insight Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide.

A total of 1,935 closed transactions were reported in the second quarter of 2016, bringing the year-to-date total to 3,775, a slight improvement from the 3,743 reported in the first half of 2015. If this pace holds up, 2016 is also on track to surpass 2014, when BizBuySell reported a record 3,755 transactions in the first half of that year.

2016 Q2 Closed Small Business Transactions

Key financials of those businesses sold in 2016 remain on par with those reported sold in 2015. The median revenue of sold businesses in Q2 2016 was $441,331, a 2 percent drop from the same period last year, while the median cash flow grew 2 percent, from $102,995 in Q2 2015 to $105,000 in Q2 2016. Consistent financials led to a median sale price of $199,000, nearly identical to the $200,000 2015 mid-year level.

2016 Q2 Key Financials of Sold Small Businesses

2016 Q2 Small Business Sale Price vs Asking Price

"The fact that small business financials have remained stable and transactions continue to grow speaks to the strong number of buyers and sellers entering today's market," said Bob House, President of BizBuySell.com and BizQuest.com. "Despite the many deals already completed over the past few years, there still appears to be a strong supply of listings, driven by retiring Baby Boomers, and at the same time, qualified buyers with access to capital."

Time Small Businesses Are On Market Sits Just Below 6 Months

Small businesses sold in Q2 2016 reported a median of 178 days on market, a slight improvement from the 188 days in the previous quarter but an 8% increase from the prior year of 163 days. This puts the average time to market a small business at approximately 6 months. In addition, experts suggest sellers spend a minimum of 6 months preparing their business for sale in advance of listing it. This includes preparing 2 to 3 years of financials, optimizing operational efficiencies and improving the appearance of the business. This process helps sellers achieve the highest possible return.

Furthermore, it's no coincidence that a large number of transactions typically occur in the 2nd quarter of the year, as the 6-month metric shows these owners likely listed their business for sale just after the new year. This is often when sellers act to initiate financial plans that were considered the prior year, including the decision to engage in a lifestyle changes. These lifestyle changes primarily include retirement and burnout, as reported in BizBuySell's recent study, The Demographics of U.S. Small Business Buyers & Sellers.

"The timing of a small business sale is an especially tricky topic as there are certainly variables that can slow or speed the process," House said. "Using this data as a benchmark however, sellers should expect it to take about 1 year from the decision to sell to the point where they actually find a buyer for their business. This provides sufficient time for preparation, marketing and securing a buyer."

As Asking Prices Have Risen, Time On Market Has Increased

Looking at the bigger picture of small business sale timelines, it appears that while sale prices have increased over the last six quarters, the sales cycle has lengthened. Whether this is correlation, causation, or coincidence is not clear, but it is interesting and worth noting for sellers.

The time to sell a small business coming out the recession peaked at over 200 days in 2012. As economic conditions improved, that number slowly declined as both buyers and sellers were likely eager to move after waiting out the recession. After 10 straight quarters of faster sales cycles, the time to sell started increasing in Q4 2014, just after the median asking prices began to increase. In fact, after sitting at $200,000 in Q3 of 2014, the median asking price of sold business gradually increased to a high point of $249,500 last quarter. Simultaneously, the median time on market rose from a low of 154 days in Q4 2014 to 188 days last quarter.

Median Days on Market and Asking Price

Remainder of 2016 Remains Good Time To Buy or Sell, Election Among Key Issues To Watch

In addition to the growing transaction numbers and stable financials, the multiples today's owners receive for their business remains strong. The average revenue multiple remained almost identical to last year at 0.61 and the average cash flow multiple was 2.26, just slightly down from 2.22 in 2015. The minimal year-over-year variations point to a stable market.

As we move closer to the fall, the Presidential election will no doubt be on many small business owners' minds. The winner's small business policies will shape the future of SMB regulations and could cause a shift in the number of owners looking to either sell or hold on to their business. For those business owners with overseas reach, the effect of "Brexit" and the ensuing regulation changes is another issue owners should consider while determining their future plans.

"While we've seen few significant fluctuations in the business-for-sale market over the past few years, the election could certainly change that in late 2016" House added. "Many people could be motivated to either enter or exit small business ownership based on their view of the winner's future policies. It's something we will be watching closing in our second half Insight reports."

APPENDIX: Additional Statistics from Small Business Listings and Transactions Reported to BizBuySell

2016 Q2 Small Business Sale Price Multiples

2016 Q2 Small Business Sales by Sector

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About the Insight Report

The BizBuySell Insight Report is a nationally-recognized economic indicator that tracks the health of the U.S. small business economy. Each quarter, BizBuySell analyzes sales and listing prices of small businesses across the United States based on approximately businesses for sale and those recently sold. The BizBuySell Insight Reports focus on over 70 major U.S. markets and publish local, regional, state and national data for trending and analysis.

Media Contact

Bobby Chilver
Walker Sands Communications
312-546-4712
robert.chilver@walkersands.com

Media Resources

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.


Most Expensive Markets by Asking Price

Time Period:
Q2 2016
 
Source:
BizBuySell.com
Market[1] Median Asking Price Average Asking Price to Cash Flow
Atlanta-Sandy Springs-Marietta, GA$279,5003.69
New York-Northern New Jersey-Long Island, NY-NJ-PA$279,0002.69
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD$277,5003.01
Washington-Arlington-Alexandria, DC-VA-MD-WV$270,0002.83
Chicago-Naperville-Joliet, IL-IN-WI$260,0003.10
[1] Top 15 MSAs

Least Expensive Markets by Asking Price

Time Period:
Q2 2016
 
Source:
BizBuySell.com
Market[1] Median Asking Price Average Asking Price to Cash Flow
Phoenix-Mesa-Scottsdale, AZ$179,0002.66
Orlando-Kissimmee, FL$189,5002.74
Tampa-St. Petersburg-Clearwater, FL$199,9002.72
Boston-Cambridge-Quincy, MA-NH$201,3002.37
Orange County, CA$207,5002.71
[1] Top 15 MSAs

Small Business Listing Metrics by Geography for Second Quarter, 2016

Key metrics from businesses listed for sale on BizBuySell.com by market for Q2 2016

BizBuySell.com
Time Period:
Q2 2016
 
Source:
BizBuySell.com
Market # of Businesses Listed Median Asking Price Median Revenue Asking Price to Revenue (average) Median Cash Flow Asking Price to Cash Flow (average)
Albany-Schenectady-Troy, NY115$249,900 $462,749 0.74$125,000 2.76
Albuquerque, NM39$350,000 $700,000 0.61$129,933 3.12
Atlanta-Sandy Springs-Marietta, GA630$279,500 $492,382 1.00$113,257 3.69
Austin-Round Rock, TX200$295,000 $490,041 0.79$116,257 3.21
Baltimore-Towson, MD208$272,250 $510,234 0.78$120,000 2.75
Birmingham-Hoover, AL60$237,500 $400,317 0.86$98,000 3.08
Boston-Cambridge-Quincy, MA-NH526$201,300 $468,000 0.61$117,000 2.37
Bridgeport-Stamford-Norwalk, CT164$199,500 $500,000 0.55$115,057 2.30
Buffalo-Niagara Falls, NY41$200,000 $370,000 1.11$86,795 3.54
Charlotte-Gastonia-Concord, NC-SC195$295,000 $533,016 0.83$108,357 3.39
Chicago-Naperville-Joliet, IL-IN-WI683$260,000 $451,272 0.93$111,147 3.10
Cincinnati-Middletown, OH-KY-IN126$255,000 $546,962 0.82$103,777 3.63
Cleveland-Elyria-Mentor, OH116$277,000 $637,704 0.66$134,863 2.95
Columbus, OH142$235,500 $500,000 0.70$115,896 2.81
Contra Costa-Alameda-Solano, CA197$258,995 $535,703 0.69$116,000 2.89
Dallas-Fort Worth-Arlington, TX980$250,000 $435,221 1.02$106,840 3.60
Dayton, OH53$235,000 $443,000 0.89$92,788 3.39
Denver-Aurora, CO410$305,000 $584,560 0.68$120,000 3.11
Detroit-Warren-Livonia, MI168$264,500 $407,059 0.83$97,450 3.15
Durham, NC26$337,250 $450,000 0.78$100,000 3.04
Fresno, CA17$224,995 $548,975 0.47$105,000 2.64
Greensboro-High Point, NC47$245,000 $480,000 0.65$90,000 3.32
Hartford-West Hartford-East Hartford, CT135$159,000 $400,000 0.62$78,604 2.36
Honolulu, HI17$495,000 $400,000 0.70$150,000 2.82
Houston-Sugar Land-Baytown, TX528$250,000 $450,000 0.83$101,294 3.29
Indianapolis-Carmel, IN93$250,000 $500,000 0.63$102,092 2.83
Jacksonville, FL366$205,000 $408,712 0.73$100,000 2.72
Kansas City, MO-KS128$349,500 $564,430 0.85$118,524 3.11
Las Vegas-Paradise, NV388$192,500 $341,628 0.76$99,575 2.48
Los Angeles-Long Beach-Santa Ana, CA2143$225,000 $420,000 0.84$100,563 2.90
Louisville-Jefferson County, KY-IN106$289,500 $350,000 1.04$94,984 4.02
Memphis, TN-MS-AR73$200,000 $400,000 0.72$85,000 2.76
Miami-Fort Lauderdale-Miami Beach, FL1670$250,000 $407,719 0.94$109,800 3.09
Milwaukee-Waukesha-West Allis, WI73$349,000 $704,355 0.84$125,000 3.55
Minneapolis-St. Paul-Bloomington, MN-WI404$300,000 $550,594 0.74$115,732 3.13
Nashville-Davidson--Murfreesboro, TN229$208,000 $431,880 0.70$98,470 2.79
New Haven-Milford, CT151$200,000 $460,000 0.62$105,000 2.86
New Jersey1877$250,000 $450,000 0.81$106,600 3.03
New Orleans-Metairie-Kenner, LA124$199,500 $306,724 1.04$73,900 3.57
New York-Northern New Jersey-Long Island, NY-NJ-PA5592$279,000 $552,500 0.68$125,000 2.69
Oklahoma City, OK104$215,000 $447,500 0.70$100,000 3.28
Orange County, CA574$207,500 $390,000 0.72$95,727 2.71
Orlando-Kissimmee, FL652$189,500 $416,838 0.73$96,509 2.74
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD818$277,500 $477,500 0.81$114,745 3.01
Phoenix-Mesa-Scottsdale, AZ1241$179,000 $348,000 0.70$83,000 2.66
Pittsburgh, PA73$300,000 $595,998 0.75$115,000 3.25
Portland-Vancouver-Beaverton, OR-WA164$297,950 $452,924 0.77$119,662 2.88
Providence-New Bedford-Fall River, RI-MA115$295,000 $668,500 0.68$110,000 3.26
Raleigh-Cary, NC133$265,000 $426,553 0.79$105,527 3.14
Richmond, VA204$162,500 $355,000 0.63$84,500 2.58
Riverside-San Bernardino-Ontario, CA393$230,000 $430,000 0.75$98,000 3.10
Rochester, NY116$187,500 $334,224 0.75$72,910 3.27
Sacramento--Arden-Arcade--Roseville, CA218$252,500 $581,866 0.70$119,504 2.76
Salt Lake City, UT121$250,000 $445,515 0.90$115,822 3.39
San Antonio, TX140$322,500 $500,000 0.98$95,921 3.49
San Diego-Carlsbad-San Marcos, CA355$180,000 $399,756 0.70$90,938 2.51
San Francisco-Oakland-Fremont, CA408$250,000 $481,818 0.91$108,000 2.95
San Jose-Sunnyvale-Santa Clara, CA155$260,000 $585,560 0.74$120,000 3.07
Seattle-Tacoma-Bellevue, WA234$250,000 $500,000 0.71$104,340 3.17
St. Louis, MO-IL256$275,000 $511,423 0.78$98,821 3.61
Tampa-St. Petersburg-Clearwater, FL829$199,900 $395,828 0.80$101,040 2.72
Tucson, AZ90$192,500 $415,592 0.68$89,969 2.88
Tulsa, OK71$250,000 $365,000 0.86$84,000 3.59
Virginia Beach-Norfolk-Newport News, VA-NC169$190,000 $400,000 0.66$80,000 3.15
Washington-Arlington-Alexandria, DC-VA-MD-WV690$270,000 $521,175 0.66$118,967 2.83
Wichita, KS21$355,000 $417,000 0.96$112,000 3.63
Winston-Salem, NC26$315,000 $480,787 1.20$107,000 3.39

Source: Small business transactions reported on BizBuySell.com during the second quarter of 2016

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Closed Small Business Transaction Metrics by Geographic Market for the Full-Year 2015

Key metrics from transactions reported on BizBuySell.com by market during 2015

BizBuySell.com
Time Period:
2015
 
Source:
BizBuySell.com
Market # of Reported Sales Median Sale Price Median Asking Price Sales to Asking Price (average) Median Revenue Revenue Multiple (average) Median Cash Flow Cash Flow Multiple (average)
Albany-Schenectady-Troy, NY11$336,000$336,0000.91$607,5810.80$164,1652.73
Albuquerque, NM8$135,000$179,0000.85$328,3350.63$87,4991.73
Atlanta-Sandy Springs-Marietta, GA224$170,000$194,9000.86$362,4270.66$94,0002.25
Austin-Round Rock, TX65$250,000$257,0000.93$409,9380.73$112,1172.14
Baltimore-Towson, MD92$390,000$409,9980.92$825,0000.63$167,0412.39
Birmingham-Hoover, AL22$215,000$230,0000.87$734,0000.41$105,2942.19
Boston-Cambridge-Quincy, MA-NH219$171,840$180,0000.92$468,0000.62$105,0001.98
Bridgeport-Stamford-Norwalk, CT35$206,000$230,0000.84$420,7000.46$126,5001.82
Buffalo-Niagara Falls, NY10$273,600$273,6000.98$720,0000.80$125,2323.14
Charlotte-Gastonia-Concord, NC-SC49$349,000$349,0000.95$700,0000.54$159,5882.44
Chicago-Naperville-Joliet, IL-IN-WI194$215,000$257,5000.85$490,0000.55$106,5442.27
Cincinnati-Middletown, OH-KY-IN16$177,500$195,0000.85$414,2930.48$92,0002.69
Cleveland-Elyria-Mentor, OH27$249,000$265,0000.89$547,0480.49$103,0002.42
Columbus, OH37$120,000$153,0000.86$316,4010.43$90,0001.75
Contra Costa-Alameda-Solano, CA59$269,000$295,0000.94$463,9190.72$110,0002.17
Dallas-Fort Worth-Arlington, TX227$175,000$199,5000.91$471,4670.61$97,7632.36
Dayton, OH12$259,000$259,0001.01$305,0000.63$80,0003.09
Denver-Aurora, CO117$256,000$307,4500.92$590,0000.52$120,2052.32
Detroit-Warren-Livonia, MI86$130,000$159,0000.88$320,0890.64$79,8212.49
Durham, NC8$271,250$335,0000.80$738,5120.36$116,9452.30
Fresno, CA7$110,000$110,0001.00$66,8001.78$59,0002.23
Greensboro-High Point, NC4$399,000$399,0000.99$697,3861.04$113,9343.26
Hartford-West Hartford-East Hartford, CT37$180,000$199,0000.85$540,0000.42$101,8001.91
Honolulu, HI5$450,000$900,0000.50$1,500,0000.30$300,0001.50
Houston-Sugar Land-Baytown, TX135$195,000$215,0000.92$363,0000.58$99,4812.13
Indianapolis-Carmel, IN24$225,000$238,0000.90$400,0000.51$101,0001.83
Jacksonville, FL52$141,891$150,0000.87$400,0000.58$79,2201.98
Kansas City, MO-KS31$341,250$372,5000.91$614,6050.70$160,2582.58
Las Vegas-Paradise, NV61$110,000$125,0000.85$263,5930.54$74,0001.96
Los Angeles-Long Beach-Santa Ana, CA461$185,000$200,0000.89$421,0000.62$96,0942.20
Louisville-Jefferson County, KY-IN27$199,000$249,0000.87$360,0000.59$104,0002.39
Memphis, TN-MS-AR23$350,000$395,0000.89$800,0000.62$165,0002.59
Miami-Fort Lauderdale-Miami Beach, FL460$165,000$194,5000.89$347,7350.57$88,9062.03
Milwaukee-Waukesha-West Allis, WI17$625,500$695,0000.85$600,0000.77$174,9912.91
Minneapolis-St. Paul-Bloomington, MN-WI58$250,000$299,0000.90$539,0000.64$103,9592.70
Nashville-Davidson--Murfreesboro, TN99$200,000$225,0000.88$550,0000.48$100,0002.14
New Haven-Milford, CT21$370,000$450,0000.85$744,3880.54$187,0002.18
New Jersey169$270,000$299,0000.91$475,0000.76$126,7182.55
New Orleans-Metairie-Kenner, LA9$390,000$390,0000.93$690,7680.80$115,4603.67
New York-Northern New Jersey-Long Island, NY-NJ-PA398$280,000$300,0000.89$600,0000.67$144,0002.29
Oklahoma City, OK19$230,000$350,0000.86$881,6080.47$137,9842.29
Orange County, CA177$187,500$199,9950.90$397,0000.58$90,0002.25
Orlando-Kissimmee, FL183$125,000$135,0000.90$273,2640.56$79,6141.93
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD138$250,000$275,0000.91$534,0000.68$140,0002.36
Phoenix-Mesa-Scottsdale, AZ227$125,000$150,0000.91$336,6870.56$80,0001.96
Pittsburgh, PA25$400,000$452,0000.89$800,0000.49$170,0002.26
Portland-Vancouver-Beaverton, OR-WA75$195,000$227,0000.90$487,1510.51$98,5002.45
Providence-New Bedford-Fall River, RI-MA30$160,000$225,0000.92$449,0000.55$98,0002.53
Raleigh-Cary, NC47$340,000$425,0000.91$625,0000.66$157,2792.52
Richmond, VA37$145,000$170,0000.86$767,0000.54$85,0002.09
Riverside-San Bernardino-Ontario, CA95$268,995$299,0000.90$695,0220.51$125,1682.38
Rochester, NY15$200,000$250,0000.82$910,0000.33$175,0001.58
Sacramento--Arden-Arcade--Roseville, CA50$140,000$150,0000.94$240,0000.73$70,0002.53
Salt Lake City, UT49$425,000$435,0000.89$634,5390.70$154,7462.59
San Antonio, TX25$216,000$239,0000.89$535,6360.65$128,6162.22
San Diego-Carlsbad-San Marcos, CA128$150,000$185,0000.89$342,0360.64$84,6122.09
San Francisco-Oakland-Fremont, CA106$123,750$160,0000.91$249,5000.83$85,8562.17
San Jose-Sunnyvale-Santa Clara, CA57$185,000$225,0000.91$489,6950.59$121,9381.90
Seattle-Tacoma-Bellevue, WA83$252,500$275,0000.92$555,0000.66$140,3002.41
St. Louis, MO-IL28$190,000$227,5000.90$655,8140.52$84,4442.78
Tampa-St. Petersburg-Clearwater, FL251$130,000$149,0000.93$296,4000.59$81,3201.95
Tucson, AZ22$180,000$199,0000.92$397,5530.57$71,0602.40
Tulsa, OK5$262,500$280,0000.92$460,5300.45$95,6762.93
Virginia Beach-Norfolk-Newport News, VA-NC29$185,000$198,0000.84$432,3550.57$74,6702.33
Washington-Arlington-Alexandria, DC-VA-MD-WV151$235,000$279,0000.86$600,0000.54$120,0002.16
Wichita, KS3$140,000$155,0000.93$209,7001.05$40,0003.13
Winston-Salem, NC3$129,000$140,0000.92$1,270,0000.10$140,0000.92

Source: Small business transactions reported on BizBuySell.com during 2015

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Closed Small Business Transaction Metrics by Sector for the Full-Year 2015

Key metrics from transactions reported on BizBuySell.com by sector during 2015

BizBuySell.com
Time Period:
2015
 
Source:
BizBuySell.com
Sector Sub-Sector Number of Reported Sales Median Sales Price Median Asking Price Sales to Asking Price (average) Median Revenue Revenue Multiple (average) Median Cash Flow Cash Flow Multiple (average)
Agriculture Agriculture 4 $1,257,198 $1,189,500 1.18 $2,000,068 0.57 $298,153 3.91
Communications Communications 4 $625,000 $625,000 0.77 $2,224,000 0.29 $204,128 2.45
Construction Construction-Building 20 $275,000 $299,000 0.88 $1,200,000 0.34 $178,000 1.80
Construction-Heavy 5 $1,700,000 $2,500,000 0.93 $5,740,000 0.50 $560,000 3.14
Construction-Special Trades 105 $500,000 $537,000 0.90 $1,170,598 0.52 $240,207 2.21
Electric, Gas, Water, Sanitary Svcs Electric, Gas, Water, Sanitary Svcs 12 $1,899,000 $2,000,000 0.90 $1,153,483 0.70 $358,000 3.33
Internet Business Services (B2B) 70 $364,398 $395,000 0.90 $401,897 1.02 $157,430 2.54
Consumer Services (B2C) 76 $154,000 $175,000 0.87 $258,782 0.82 $97,443 1.96
Domain Name/Basic Site 3 $982,500 $1,025,250 0.85 $2,115,008 0.38 $264,663 2.64
General Internet 77 $137,500 $142,000 1.01 $120,022 1.53 $68,521 2.60
Software 10 $600,000 $650,000 0.98 $707,000 1.07 $215,316 3.72
Web Design/Tech Services 4 $342,500 $357,500 0.96 $245,975 1.42 $139,455 2.56
Manufacturing Apparel & finished fabrics 11 $150,000 $150,000 0.91 $252,285 0.65 $95,000 2.57
Chemicals & Allied Products 4 $555,000 $600,000 0.82 $762,968 0.64 $136,166 3.27
Electronic & Electrical Equip. 19 $800,000 $875,000 0.87 $1,034,965 0.71 $230,000 2.92
Fabricated Metal Products 71 $745,000 $795,000 0.90 $1,061,564 0.75 $280,150 2.82
Food and Kindred Products 24 $362,500 $392,500 0.88 $754,040 0.63 $111,214 3.34
Furniture and Fixtures 10 $502,500 $537,500 0.93 $748,389 0.51 $239,804 2.01
Industrial & Comm. Machinery 16 $694,800 $765,000 0.89 $966,030 0.81 $241,000 2.83
Lumber and Wood Products 13 $700,000 $750,000 0.83 $1,200,000 0.54 $186,795 2.71
Measuring & Analyzing Instr. 2 $985,000 $997,500 0.97 $654,500 1.34 $338,000 2.92
Miscellaneous 62 $450,000 $575,000 0.89 $1,034,819 0.68 $190,000 2.96
Paper & Allied Products 1 $999,998 $999,998 1.00 $1,881,203 0.53 $286,101 3.50
Primary Metal Industries 14 $470,500 $680,000 0.78 $707,581 0.75 $216,046 2.84
Printing, Publishing 55 $267,000 $347,000 0.84 $707,396 0.55 $150,605 2.24
Rubber and Plastic Products 9 $927,000 $1,200,000 0.86 $2,000,000 0.54 $250,000 3.84
Stone, Clay, Glass, Concrete 9 $450,000 $450,000 0.95 $850,000 0.69 $215,409 2.63
Tobacco Products 2 $4,615,000 $4,634,500 0.93 $4,427,418 0.99 $1,595,000 2.11
Transportation Equipment 3 $5,000,000 $5,000,000 0.88 $6,000,000 1.07 $1,133,000 3.90
Retail Apparel and Accessory Stores 88 $125,000 $156,500 0.88 $341,933 0.47 $93,407 1.89
Automotive Dealers 27 $355,000 $360,000 0.97 $947,223 0.46 $140,573 3.18
Bars/Taverns 279 $180,000 $220,000 0.88 $534,000 0.41 $105,692 2.12
Blding Mat., Hardware, Garden 29 $375,000 $425,000 0.90 $1,206,910 0.36 $220,025 2.38
Convenience Stores 282 $170,000 $187,000 0.89 $602,500 0.39 $100,000 2.32
Florists 41 $95,000 $110,000 0.91 $325,000 0.36 $64,023 1.81
Gasoline Service Stations 216 $320,000 $375,000 0.86 $800,000 0.60 $166,000 2.60
General Merchandise Stores 37 $125,000 $150,000 0.90 $345,000 0.41 $84,000 1.78
Home Furniture & Furnishings 38 $265,500 $287,500 0.93 $748,814 0.41 $150,582 2.02
Liquor Stores 289 $305,000 $350,000 0.92 $776,408 0.44 $131,000 2.56
Marine Dealers & Equipment 4 $230,000 $229,000 0.98 $472,971 0.62 $118,545 2.87
Miscellaneous Retail 202 $200,000 $225,000 0.88 $476,000 0.47 $94,000 2.27
Other Eating & Drinking Places 247 $112,000 $145,000 0.86 $315,000 0.45 $62,960 2.03
Other Food Stores 75 $144,000 $150,000 0.89 $373,000 0.49 $70,000 2.13
Pet Shops & Supplies 20 $147,500 $185,000 0.89 $450,000 0.37 $76,100 2.06
Restaurants 1590 $155,000 $180,000 0.89 $500,000 0.39 $92,000 2.01
Supermarkets 51 $399,000 $495,000 0.88 $1,700,000 0.28 $223,896 2.25
Vending Machines 93 $119,400 $130,000 0.95 $409,663 0.48 $64,493 2.02
Service Agents & Brokers 38 $205,000 $225,000 0.87 $242,796 0.99 $80,000 2.35
Amusement & Recreation 90 $280,000 $300,000 0.90 $420,000 0.83 $117,848 2.53
Auto Repair, Parts & Services 227 $214,800 $250,000 0.88 $576,634 0.65 $120,412 2.43
Beauty Salons, Barber Shops 239 $75,000 $89,900 0.88 $240,611 0.46 $55,000 1.72
Computer & Software Services 33 $362,500 $437,000 0.89 $635,958 0.71 $137,980 2.44
Drycleaning/Laundry Services 316 $175,000 $194,900 0.91 $180,000 0.99 $67,600 2.86
Educational Services 126 $240,000 $250,000 0.90 $477,036 0.70 $119,000 2.50
Engineering & Accounting Svcs 57 $240,005 $270,000 0.92 $280,000 1.02 $130,000 2.24
Finance, Banking, Loans, etc. 39 $135,000 $179,000 0.90 $520,000 0.94 $142,000 2.32
Freight, Moving/Delivery 138 $500,000 $519,000 0.92 $676,267 0.71 $174,642 2.76
Health, Medical & Dental 342 $274,900 $300,000 0.90 $499,184 0.66 $138,000 2.42
Hotels & Other Lodging Places 62 $799,950 $849,500 0.85 $658,899 1.49 $191,046 4.12
Landscaping & Yard Services 158 $148,250 $150,000 0.94 $244,536 0.65 $98,303 1.69
Legal Services 6 $180,000 $230,000 0.89 $694,801 0.51 $169,805 1.23
Marine Repair, Parts & Services 6 $193,500 $197,500 0.96 $425,630 0.51 $143,416 1.15
Membership Organizations 5 $199,000 $199,000 0.85 $270,000 0.63 $70,777 2.44
Miscellaneous Repair Services 53 $343,000 $397,000 0.91 $501,500 0.63 $150,140 2.27
Miscellaneous Services 258 $150,000 $169,500 0.92 $289,155 0.73 $90,628 2.03
Motion Pictures 2 $188,000 $188,000 1.00 $344,872 0.55 $94,249 1.99
Museums, Art Galleries, Zoos 3 $139,000 $139,000 1.00 $327,500 0.42 $86,216 1.61
Other Business Services 286 $272,400 $282,500 0.92 $406,688 0.67 $111,279 2.23
Other Personal Services 182 $74,100 $82,061 0.94 $115,902 0.73 $77,500 1.47
Other Travel & Transportation 12 $450,000 $575,000 0.83 $1,108,000 0.78 $194,000 2.82
Passenger Transportation 20 $225,000 $324,500 0.87 $332,685 0.93 $109,258 2.20
Pet Care & Grooming 54 $125,000 $150,000 0.90 $294,508 0.76 $86,818 2.34
Social Services 4 $205,000 $237,000 0.88 $319,704 0.92 $73,621 2.76
Storage & Warehousing 7 $255,000 $395,000 0.60 $540,000 0.48 $175,000 1.50
Travel Agencies 10 $217,500 $250,000 0.88 $423,214 0.66 $127,000 1.62
Wholesale Durable Goods 60 $615,500 $624,500 0.91 $1,240,000 0.65 $210,532 2.70
Nondurable Goods 71 $170,000 $181,000 0.94 $492,974 0.50 $87,179 2.30
Other Non-classifiable Establishments 3 $1,862,500 $2,062,500 0.95 $1,498,899 1.19 $706,551 2.46

Source: Small business transactions reported on BizBuySell.com during 2015

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