BizBuySell Insight Reports

Small Business Transactions Reached Record Highs in 2017, up 27 Percent from 2016, According to BizBuySell.com Report

BizBuySell.com's Fourth Quarter 2017 Insight Report shows strong second half of 2017 boosting business-for-sale market to new highs as businesses continue to thrive in today's strong economy.

San Francisco, CA - BizBuySell.com, the Internet's largest business-for-sale marketplace, reported today that annual small business transactions ascended to record highs in 2017, exceeding previous highs set in 2016 by 27 percent. The full results are included in BizBuySell's 2017 Q4 and year-end Insights Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide.

This year's increase marks a noteworthy upward shift in the number of small businesses changing hands across America. For several years after the 2008-2009 Great Recession, sales volume remained low as small businesses struggled financially and capital for financing remained tight. Beginning in 2013, as the economy recovered, closed transactions have steadily increased. But 2017 represents a significant increase, with 9,919 closed transactions reported compared to the 7,842 in 2016. This year-over-year growth rate is the largest since 2013.

2017 Q4 Closed Small Business Transactions

To get a better understanding of what's driving this high transaction volume, BizBuySell surveyed over 5,000 business brokers to get their expert opinions on the market. When asked for the top reason for the increase in transactions, brokers cited the improving small business environment, including strengthening revenue and profit numbers (28 percent), the increasing number of owners looking to sell (21 percent) and the increasing number of qualified buyers on the market (19 percent). While brokers attribute transaction growth to more of both qualified buyers and sellers, 42 percent of brokers believe the current market favors buyers, while 30 percent say it leans toward sellers, and just 25 percent describe the market as balanced.

"Since I am almost 'sold out', my biggest challenge for 2018 is more listings. But I have a healthy pool of buyers," one broker said. Another broker said "it is a combination of more owners willing to sell and SBA financing available to more buyers" that are driving transactions. Others called out increasing buyer confidence and a stronger national economic outlook as driving forces.

BizBuySell's data supports this positive broker sentiment, with small business financials at the strongest point since data collection started in 2007. The median revenue of sold businesses grew 5.8 percent this year, from $472,798 in 2016 to $500,000 in 2017. Median cash flow also increased almost 7 percent, up to $115,000 from $107,551 the year prior.

2017 Q4 Key Financials of Sold Small Businesses

Stronger financials allowed owners to list their business for more, with asking prices jumping 11 percent to a median of $250,000. As the higher prices are attached to more valuable businesses, buyers are driving median sale prices to increase 14 percent in 2017 to $227,880. Business owners are likely aware of the trend and are looking to take advantage. This is especially true for retirement seeking Baby Boomers, who sat out the recession waiting for business values to recover. In fact, 58 percent of surveyed business brokers associated more than half of their 2017 sales to Baby Boomer owners.

"For four years now, we've seen steady growth in the small business market, with reported transaction totals in the 7,000s range. Last year, however, seems to represent a new tier of activity that brings a lot of momentum into 2018," Bob House, President of BizBuySell.com and BizQuest.com, said. "It's exciting to see the number of sellers, particularly Baby Boomers, who were able to close better deals and that there remains a growing supply of buyers excited to enter the small business market."

Franchise Sales Helped Spur Transaction Increase, Retail Financials Keeping Steady Despite Rise of Amazon and Ecommerce

BizBuySell data shows that the franchise market created much growth in 2017. In fact, closed transactions of existing franchised business locations made a 45 percent leap in 2017 compared to 2016. Within the annual 2017 data, roughly 9.5 percent of reported transactions were franchised businesses. Franchise financials seemed to follow suit during the final months of 2017. In the fourth quarter, franchise median revenue grew 22 percent and cash flow bumped up 8 percent. This led to significant increases in asking prices, which were up 27 percent, and final sale prices, which grew 20 percent to $210,000.

Industry-wise, retail has been a hot topic with new pressures coming from online sales giants like Amazon. Speculation is stirring that the company will also consider acquiring another retailer in 2018. However, 2017 continued to show strong retail financials on the small business front. In fact, median revenue for sold retail businesses jumped 17 percent, up to $600,000 from $513,000 just a year ago. The median sale price of those sold retail shops grew in conjunction with the revenue, up 11 percent to $199,500.

Q4 Ended Strong, Projecting 2018 to be Another Great Year to Buy or Sell a Small Business

BizBuySell's Q4 2017 data revealed similarly strong numbers as the year-end totals, led by a 23 percent increase in transactions compared to the same period in 2016.

Again in sync with year-end totals, financials improved as well. While median revenue remained flat year-over-year, median cash flow rose to $112,504. Asking prices rose 4 percent to $250,000 but more significantly, the median sale price of sold businesses in Q4 jumped nearly 12 percent from $206,000 to $230,000. The median sale price rising faster than the asking prices could point to more established buyers willing to pay more healthy listings.

2017 Q4 Small Business Sale Price vs Asking Price

After such a strong year, indicators suggest that the momentum will continue into the new year. In fact, according to BizBuySell's December survey, 80 percent of business brokers expect the number of business-for-sale transactions to improve again in 2018. Sale prices will no doubt be a hot topic in 2018 as 90 percent of brokers believe prices will either remain consistent with 2017's numbers or continue to increase in the new year. Continuing another 2017 trend, nearly 3 out of 4 brokers expect more boomer business owners to enter the market in 2018.

With buyers attracted to stronger financials and an increasing number of confident millennials and too-early-to retire Boomers looking for entrepreneur opportunities, signs point to a continuation of growth in the small business market.

"Overall, the small business market has reached new level of buying and selling in 2017," House said. "It will be interesting to see how the recently passed GOP tax reform affects activity, but as long as small business financials continue to remain strong and buyer confidence high, the market should continue its momentum well into 2018."


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

2017 Q4 Small Business Sale Price Multiples

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2017 Q4 Small Business Sales by Sector

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2017 Q4 Median Days on Market

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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.


Small Business Listing Metrics by Geography for Fourth Quarter, 2017

Key metrics from businesses listed for sale on BizBuySell.com by market for Q4 2017

BizBuySell.com
Time Period:
Q4 2017
 
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, NY 82 $327,450 $642,820 0.68 $145,882 2.81
Albuquerque, NM 70 $349,500 $527,367 0.72 $137,500 2.86
Atlanta-Sandy Springs-Marietta, GA 572 $280,000 $536,867 0.81 $120,000 3.20
Austin-Round Rock, TX 189 $295,000 $625,000 0.65 $125,000 2.71
Baltimore-Towson, MD 273 $245,000 $528,000 0.73 $115,000 2.59
Birmingham-Hoover, AL 57 $225,000 $420,000 0.72 $97,193 3.05
Boston-Cambridge-Quincy, MA-NH 548 $257,000 $550,000 0.60 $120,000 2.61
Bridgeport-Stamford-Norwalk, CT 138 $200,000 $504,298 0.63 $110,117 2.48
Buffalo-Niagara Falls, NY 35 $310,000 $500,000 0.82 $105,000 3.50
Charlotte-Gastonia-Concord, NC-SC 262 $399,500 $677,034 0.73 $156,069 3.24
Chicago-Naperville-Joliet, IL-IN-WI 566 $250,000 $508,410 0.77 $108,848 3.05
Cincinnati-Middletown, OH-KY-IN 136 $377,500 $691,732 0.61 $135,500 3.54
Cleveland-Elyria-Mentor, OH 173 $250,000 $415,000 0.65 $90,000 2.85
Columbus, OH 195 $200,000 $540,000 0.62 $113,000 2.55
Contra Costa-Alameda-Solano, CA 262 $240,000 $524,969 0.57 $115,458 2.65
Dallas-Fort Worth-Arlington, TX 1085 $270,000 $480,000 0.91 $112,187 3.29
Dayton, OH 57 $325,000 $566,341 0.89 $110,000 3.51
Denver-Aurora, CO 511 $299,000 $572,648 0.73 $115,000 3.12
Detroit-Warren-Livonia, MI 272 $254,500 $482,509 0.77 $100,000 3.13
Durham, NC 36 $280,000 $531,928 0.55 $104,000 3.03
Fresno, CA 39 $350,000 $919,392 0.81 $187,682 3.16
Greensboro-High Point, NC 76 $204,000 $411,060 0.63 $88,686 3.22
Hartford-West Hartford-East Hartford, CT 148 $177,500 $473,243 0.65 $81,325 2.81
Honolulu, HI 5 $280,000 $480,000 0.58 $139,500 3.56
Houston-Sugar Land-Baytown, TX 520 $225,000 $418,000 0.78 $100,000 3.04
Indianapolis-Carmel, IN 148 $249,000 $525,821 0.65 $116,500 2.44
Jacksonville, FL 293 $200,000 $423,175 0.69 $100,000 2.79
Kansas City, MO-KS 143 $350,000 $600,000 0.78 $140,200 3.11
Las Vegas-Paradise, NV 299 $199,000 $396,913 0.80 $100,000 2.59
Los Angeles-Long Beach-Santa Ana, CA 2118 $240,000 $447,164 0.77 $107,698 2.81
Louisville-Jefferson County, KY-IN 88 $317,500 $488,332 1.02 $103,836 3.64
Memphis, TN-MS-AR 66 $275,000 $491,861 0.73 $98,750 3.11
Miami-Fort Lauderdale-Miami Beach, FL 1743 $270,000 $451,000 0.80 $110,375 3.08
Milwaukee-Waukesha-West Allis, WI 90 $299,000 $616,182 0.72 $136,463 2.85
Minneapolis-St. Paul-Bloomington, MN-WI 454 $338,100 $557,250 0.75 $122,147 3.23
Nashville-Davidson--Murfreesboro, TN 253 $249,000 $457,210 0.79 $100,048 2.80
New Haven-Milford, CT 162 $299,000 $526,000 0.65 $112,483 3.19
New Jersey 1941 $289,000 $482,400 0.76 $115,000 2.96
New Orleans-Metairie-Kenner, LA 96 $289,000 $443,000 0.87 $87,000 3.65
New York-Northern New Jersey-Long Island, NY-NJ-PA 6079 $300,000 $600,000 0.66 $135,000 2.73
Oklahoma City, OK 116 $250,000 $468,383 0.80 $137,500 3.06
Orange County, CA 621 $189,990 $400,000 0.65 $93,967 2.54
Orlando-Kissimmee, FL 701 $207,000 $403,200 0.78 $98,255 2.76
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 796 $300,000 $517,893 0.77 $120,000 3.15
Phoenix-Mesa-Scottsdale, AZ 1257 $190,000 $374,228 0.65 $90,000 2.49
Pittsburgh, PA 130 $222,500 $400,000 0.84 $89,828 3.18
Portland-Vancouver-Beaverton, OR-WA 152 $240,000 $496,500 0.75 $104,840 2.98
Providence-New Bedford-Fall River, RI-MA 137 $325,000 $700,000 0.65 $125,000 2.81
Raleigh-Cary, NC 161 $289,000 $554,275 0.74 $117,556 3.00
Richmond, VA 142 $262,500 $580,000 0.59 $100,326 2.79
Riverside-San Bernardino-Ontario, CA 450 $225,000 $447,000 0.70 $108,000 2.78
Rochester, NY 118 $225,000 $438,868 0.72 $90,609 2.92
Sacramento--Arden-Arcade--Roseville, CA 250 $242,000 $478,988 0.66 $108,999 2.72
Salt Lake City, UT 146 $365,000 $634,668 0.76 $142,688 3.22
San Antonio, TX 167 $229,000 $379,012 0.76 $93,201 3.02
San Diego-Carlsbad-San Marcos, CA 335 $199,000 $415,000 0.68 $94,585 2.44
San Francisco-Oakland-Fremont, CA 470 $249,250 $532,201 0.68 $124,996 2.63
San Jose-Sunnyvale-Santa Clara, CA 199 $250,000 $506,000 0.63 $118,000 2.73
Seattle-Tacoma-Bellevue, WA 271 $295,000 $550,000 0.65 $110,747 3.12
St. Louis, MO-IL 262 $254,500 $547,681 0.74 $91,532 3.67
Tampa-St. Petersburg-Clearwater, FL 891 $225,000 $405,309 0.79 $100,000 2.66
Tucson, AZ 102 $195,000 $381,360 0.65 $109,458 2.57
Tulsa, OK 71 $320,000 $667,062 0.72 $110,000 2.95
Virginia Beach-Norfolk-Newport News, VA-NC 183 $175,000 $400,000 0.62 $80,000 2.83
Washington-Arlington-Alexandria, DC-VA-MD-WV 684 $262,500 $575,500 0.64 $120,000 2.78
Wichita, KS 34 $253,875 $588,305 0.59 $152,802 3.43
Winston-Salem, NC 28 $152,450 $346,533 0.91 $65,000 3.67

Source: Small business transactions reported on BizBuySell.com during Q4 2017

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Closed Small Business Transaction Metrics by Geographic Market for the Full-Year 2017

Key metrics from transactions reported on BizBuySell.com by market during 2017

BizBuySell.com
Time Period:
2017
 
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, NY 13 $450,000 $430,000 0.97 $1,409,284 0.94 $230,717 3.37
Albuquerque, NM 13 $165,000 $179,000 0.93 $475,751 0.70 $70,223 2.65
Atlanta-Sandy Springs-Marietta, GA 335 $239,000 $250,000 0.90 $512,500 0.56 $111,500 2.14
Austin-Round Rock, TX 71 $295,000 $297,500 0.96 $601,900 0.67 $147,576 2.52
Baltimore-Towson, MD 71 $375,000 $382,500 0.91 $575,522 0.65 $120,000 2.56
Birmingham-Hoover, AL 25 $262,500 $285,000 0.86 $466,000 0.60 $115,000 2.48
Boston-Cambridge-Quincy, MA-NH 237 $207,500 $239,500 0.89 $544,500 0.46 $124,000 1.96
Bridgeport-Stamford-Norwalk, CT 37 $274,500 $299,000 0.89 $557,800 0.72 $122,639 2.46
Buffalo-Niagara Falls, NY 9 $383,000 $940,000 0.83 $1,279,064 0.67 $170,000 3.71
Charlotte-Gastonia-Concord, NC-SC 93 $422,500 $474,500 0.96 $803,655 0.65 $188,777 2.71
Chicago-Naperville-Joliet, IL-IN-WI 259 $240,000 $299,900 0.88 $577,000 0.53 $112,000 2.39
Cincinnati-Middletown, OH-KY-IN 29 $250,000 $275,000 0.88 $648,696 0.55 $111,778 3.37
Cleveland-Elyria-Mentor, OH 29 $224,500 $249,500 0.90 $585,586 0.55 $132,370 2.31
Columbus, OH 54 $162,000 $198,000 0.87 $636,384 0.37 $123,281 2.12
Contra Costa-Alameda-Solano, CA 93 $255,000 $295,000 0.89 $519,485 0.62 $120,000 2.26
Dallas-Fort Worth-Arlington, TX 275 $175,000 $205,000 0.93 $477,210 0.58 $100,000 2.43
Dayton, OH 16 $727,500 $800,000 0.82 $850,000 0.68 $150,000 3.54
Denver-Aurora, CO 153 $282,500 $292,500 0.92 $504,622 0.60 $116,476 2.50
Detroit-Warren-Livonia, MI 115 $185,000 $220,000 0.94 $370,000 0.62 $90,000 2.42
Durham, NC 13 $400,000 $510,000 0.81 $1,557,898 0.28 $174,054 2.03
Fresno, CA 14 $220,000 $220,000 0.94 $657,000 0.51 $217,000 1.59
Greensboro-High Point, NC 14 $189,500 $224,500 0.91 $782,330 0.52 $146,340 2.45
Hartford-West Hartford-East Hartford, CT 41 $116,250 $129,350 0.84 $426,059 0.46 $65,000 1.91
Honolulu, HI 2 $76,000 $58,000 1.31 $180,648 0.42 $78,072 0.97
Houston-Sugar Land-Baytown, TX 131 $180,000 $205,000 0.92 $356,400 0.61 $96,667 2.06
Indianapolis-Carmel, IN 52 $372,500 $472,500 0.93 $824,087 0.64 $151,500 2.70
Jacksonville, FL 55 $187,000 $198,000 0.92 $436,147 0.54 $87,604 2.01
Kansas City, MO-KS 49 $360,000 $400,000 0.91 $620,000 0.77 $151,664 2.53
Las Vegas-Paradise, NV 121 $149,500 $164,500 0.89 $424,212 0.49 $100,283 1.77
Los Angeles-Long Beach-Santa Ana, CA 764 $200,000 $217,500 0.91 $439,921 0.64 $100,000 2.24
Louisville-Jefferson County, KY-IN 16 $275,000 $402,500 0.84 $491,537 0.55 $111,500 2.42
Memphis, TN-MS-AR 47 $370,000 $365,000 1.00 $900,000 0.53 $164,012 2.66
Miami-Fort Lauderdale-Miami Beach, FL 529 $180,250 $199,000 0.91 $398,243 0.59 $95,000 2.05
Milwaukee-Waukesha-West Allis, WI 33 $400,000 $400,000 0.92 $930,000 0.48 $157,374 2.60
Minneapolis-St. Paul-Bloomington, MN-WI 98 $204,500 $224,950 0.95 $456,673 0.69 $121,756 2.39
Nashville-Davidson--Murfreesboro, TN 113 $199,000 $225,000 0.91 $480,000 0.58 $100,000 2.25
New Haven-Milford, CT 22 $232,000 $239,000 0.93 $812,576 0.61 $118,000 2.15
New Jersey 382 $295,000 $325,000 0.90 $700,000 0.53 $144,000 2.21
New Orleans-Metairie-Kenner, LA 5 $125,000 $159,000 0.79 $238,000 0.53 $53,506 2.34
New York-Northern New Jersey-Long Island, NY-NJ-PA 745 $290,000 $315,000 0.89 $655,000 0.56 $146,650 2.25
Oklahoma City, OK 30 $270,000 $322,500 0.89 $570,201 0.49 $147,500 2.29
Orange County, CA 285 $179,000 $195,000 0.91 $350,000 0.57 $86,000 2.12
Orlando-Kissimmee, FL 237 $140,000 $155,000 0.91 $300,000 0.61 $97,688 2.03
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 209 $300,000 $327,000 0.94 $612,000 0.57 $157,000 2.30
Phoenix-Mesa-Scottsdale, AZ 262 $177,500 $197,500 0.93 $337,160 0.60 $97,500 2.04
Pittsburgh, PA 46 $339,750 $420,000 0.90 $700,000 0.60 $155,000 2.68
Portland-Vancouver-Beaverton, OR-WA 90 $325,000 $335,000 1.14 $918,184 0.50 $135,219 2.53
Providence-New Bedford-Fall River, RI-MA 45 $364,000 $349,500 0.93 $769,964 0.61 $156,100 2.80
Raleigh-Cary, NC 57 $350,000 $395,000 0.94 $609,000 0.60 $144,622 2.39
Richmond, VA 22 $196,500 $225,000 0.87 $506,534 0.47 $113,381 2.02
Riverside-San Bernardino-Ontario, CA 151 $188,500 $207,250 0.92 $411,888 0.59 $92,000 2.13
Rochester, NY 25 $145,000 $145,000 0.93 $287,406 0.54 $74,776 2.15
Sacramento--Arden-Arcade--Roseville, CA 84 $200,000 $210,000 0.95 $408,000 0.56 $108,000 2.23
Salt Lake City, UT 78 $274,500 $310,000 0.91 $546,528 0.59 $120,728 2.58
San Antonio, TX 45 $150,000 $154,000 0.93 $611,993 0.56 $125,000 2.03
San Diego-Carlsbad-San Marcos, CA 158 $220,000 $250,000 0.92 $507,000 0.47 $108,000 1.98
San Francisco-Oakland-Fremont, CA 150 $217,000 $247,000 0.89 $534,250 0.56 $120,000 2.10
San Jose-Sunnyvale-Santa Clara, CA 79 $210,000 $249,750 0.88 $500,214 0.54 $114,248 2.26
Seattle-Tacoma-Bellevue, WA 136 $216,000 $235,000 0.95 $531,254 0.57 $92,474 2.73
St. Louis, MO-IL 31 $187,500 $199,450 1.05 $617,793 0.46 $113,872 2.38
Tampa-St. Petersburg-Clearwater, FL 487 $295,000 $295,000 0.97 $457,609 0.89 $122,253 2.63
Tucson, AZ 30 $237,500 $250,000 1.09 $559,879 0.64 $151,635 2.32
Tulsa, OK 11 $475,000 $500,000 0.99 $905,807 0.74 $164,282 2.38
Virginia Beach-Norfolk-Newport News, VA-NC 33 $225,000 $250,000 0.92 $435,500 0.57 $100,000 2.52
Washington-Arlington-Alexandria, DC-VA-MD-WV 185 $250,000 $275,000 0.91 $600,000 0.56 $130,000 2.25
Wichita, KS 4 $378,000 $375,000 1.01 $528,000 0.72 $131,000 2.89
Winston-Salem, NC 4 $562,500 $627,500 0.90 $637,116 1.27 $178,316 2.98

Source: Small business transactions reported on BizBuySell.com during 2017

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Closed Small Business Transaction Metrics by Sector for the Full-Year 2017

Key metrics from transactions reported on BizBuySell.com by sector during 2017

BizBuySell.com
Time Period:
2017
 
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 5 $1,227,500 $1,258,000 0.89 $880,292 1.20 $204,535 5.02
Construction Building 221 $470,000 $500,000 0.96 $1,110,669 0.48 $235,000 2.18
Construction Heavy 8 $800,000 $900,000 0.94 $1,503,200 0.44 $407,371 1.97
Electric, Gas, Water, Sanitary Svcs Electric, Gas, Water, Sanitary Svcs 30 $450,000 $447,000 0.94 $645,627 0.85 $205,444 2.54
Internet Domain Name/Basic Site 32 $437,000 $437,000 1.00 $519,314 1.18 $134,600 3.08
Internet Software 17 $390,000 $390,000 0.94 $399,070 1.26 $270,884 2.45
Internet Web Design/Tech Services 364 $349,000 $350,000 0.97 $481,000 1.06 $136,200 2.91
Manufacturing Apparel & finished fabrics 17 $649,500 $629,000 0.88 $1,021,611 0.57 $207,573 2.83
Manufacturing Chemicals & Allied Products 5 $775,000 $1,047,500 0.95 $400,253 1.56 $211,118 4.36
Manufacturing Electronic & Electrical Equip. 28 $350,000 $350,000 0.90 $769,393 0.72 $148,391 2.81
Manufacturing Fabricated Metal Products 87 $877,500 $939,000 0.94 $1,225,000 0.75 $283,589 3.38
Manufacturing Food and Kindred Products 36 $227,500 $272,450 0.90 $442,500 0.54 $102,500 2.69
Manufacturing Furniture and Fixtures 17 $326,500 $348,750 0.91 $907,477 0.69 $221,842 2.40
Manufacturing Industrial & Comm. Machinery 15 $1,475,000 $1,475,000 0.89 $1,554,833 0.77 $350,000 2.98
Manufacturing Lumber and Wood Products 15 $645,000 $642,500 1.07 $1,422,750 0.67 $265,250 3.03
Manufacturing Miscellaneous 86 $550,000 $600,000 0.91 $799,994 0.69 $198,467 2.85
Manufacturing Paper & Allied Products 49 $271,750 $297,000 0.91 $440,000 0.67 $142,500 2.30
Manufacturing Petroleum Refining 1 $1,500,000 $1,500,000 1.00 $2,874,129 0.52 $662,335 2.26
Manufacturing Printing, Publishing 2 $112,500 $152,500 0.80 $505,218 0.22 $93,127 2.77
Manufacturing Rubber and Plastic Products 6 $507,500 $545,000 0.84 $567,884 0.91 $212,591 2.51
Manufacturing Stone, Clay, Glass, Concrete 21 $849,000 $849,000 0.97 $1,177,929 0.68 $280,536 2.79
Manufacturing Transportation Equipment 7 $1,987,500 $2,145,000 0.91 $2,700,000 0.78 $450,000 3.77
Mining Mining 3 $3,000,000 $3,000,000 1.03 $3,897,692 1.00 $647,600 4.16
Retail Apparel and Accessory Stores 111 $154,000 $170,000 0.91 $450,000 0.45 $90,193 1.98
Retail Automotive Dealers 37 $335,000 $387,000 0.98 $1,075,868 0.47 $143,000 2.24
Retail Bars/Taverns 300 $225,000 $250,000 0.90 $646,154 0.42 $110,000 2.14
Retail Blding Mat., Hardware, Garden 40 $363,000 $389,750 0.90 $1,023,516 0.46 $187,628 2.70
Retail Convenience Stores 331 $200,000 $225,000 0.94 $700,000 0.40 $100,000 2.39
Retail Florists 66 $129,500 $142,000 0.91 $428,216 0.41 $85,960 1.84
Retail Gasoline Service Stations 378 $359,950 $385,000 0.94 $1,700,000 0.45 $148,878 3.40
Retail Home Furniture & Furnishings 111 $175,000 $200,008 0.91 $551,254 0.43 $87,006 2.08
Retail Liquor Stores 352 $347,500 $370,000 0.92 $800,000 0.48 $120,000 3.03
Retail Marine Dealers & Equipment 20 $320,000 $320,000 0.94 $508,838 0.89 $152,522 2.51
Retail Miscellaneous Retail 318 $175,000 $195,000 0.93 $441,257 0.53 $95,865 2.28
Retail Other Eating & Drinking Places 727 $155,278 $179,000 0.89 $431,861 0.43 $92,660 2.00
Retail Pet Shops & Supplies 28 $139,600 $145,000 0.89 $265,369 0.43 $84,443 2.09
Retail Restaurants 1894 $185,000 $199,000 0.91 $543,977 0.39 $100,000 2.07
Retail Supermarkets 72 $151,000 $151,000 0.99 $400,000 0.38 $72,540 2.55
Retail Vending Machines 129 $115,000 $124,000 0.94 $328,955 0.58 $69,922 1.85
Service Agents & Brokers 3 $365,000 $365,000 0.97 $1,214,099 0.82 $192,857 2.81
Service Amusement & Recreation 105 $207,500 $250,000 0.86 $401,992 0.77 $109,451 2.37
Service Auto Repair, Parts & Services 350 $300,000 $350,000 0.90 $562,000 0.70 $129,977 2.64
Service Beauty Salons, Barber Shops 386 $120,000 $135,000 0.90 $290,756 0.47 $75,000 1.75
Service Computer & Software Services 37 $410,000 $430,000 0.86 $560,985 0.70 $182,990 2.46
Service Drycleaning/Laundry Services 357 $195,000 $210,000 0.91 $245,652 0.96 $80,000 2.80
Service Educational Services 178 $342,450 $350,000 0.91 $461,250 0.85 $122,194 3.08
Service Engineering & Accounting Svcs 82 $260,000 $270,000 0.96 $263,000 0.94 $140,000 2.04
Service Finance, Banking, Loans, etc. 62 $243,000 $275,000 0.89 $294,872 1.03 $135,008 2.19
Service Freight, Moving/Delivery 212 $540,000 $590,000 0.94 $729,320 0.74 $184,808 2.87
Service Health, Medical & Dental 454 $315,000 $365,000 0.89 $571,000 0.67 $155,034 2.39
Service Hotels & Other Lodging Places 100 $537,500 $635,000 0.92 $424,829 1.54 $150,271 4.07
Service Landscaping & Yard Services 192 $155,000 $180,000 0.92 $325,000 0.64 $100,000 1.77
Service Legal Services 13 $300,000 $300,000 0.89 $500,000 0.78 $167,000 2.19
Service Miscellaneous Services 59 $305,000 $335,000 0.89 $715,000 0.60 $175,000 1.96
Service Motion Pictures 1 $400,000 $465,000 0.86 $379,400 1.05 $175,717 2.28
Service Museums, Art Galleries, Zoos 5 $380,000 $404,500 0.96 $457,998 0.80 $136,359 2.62
Service Other Business Services 919 $187,000 $222,500 0.92 $347,918 0.66 $115,057 2.02
Service Other Personal Services 176 $81,950 $82,724 0.99 $132,735 0.61 $78,000 1.28
Service Other Travel & Transportation 52 $412,500 $522,500 0.90 $669,894 0.79 $170,777 2.45
Service Passenger Transportation 17 $300,000 $310,000 0.91 $689,979 0.55 $151,000 1.93
Service Pet Care & Grooming 58 $200,000 $237,000 0.88 $320,427 0.89 $100,328 2.59
Service Storage & Warehousing 10 $500,000 $480,000 0.98 $1,080,891 0.66 $243,000 2.94
Service Travel Agencies 5 $549,990 $549,990 0.84 $874,626 0.81 $200,000 2.18
Wholesale Durable Goods 93 $425,000 $462,495 0.94 $1,144,168 0.53 $178,410 2.71
Wholesale Nondurable Goods 78 $173,000 $174,000 0.96 $488,328 0.49 $82,212 2.41
Non-classifiable Establishments Non-classifiable Establishments 11 $614,250 $895,000 0.90 $858,100 0.96 $250,000 2.71

Source: Small business transactions reported on BizBuySell.com during 2017

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