Harvest opens up Business Brokerage and Business Valuation Office in Princeton New Jersey serving Philadelphia to New York City.
Harvest Business Advisors, Lower middle market merger and acquisition advisors, business brokers, and business valuation experts has opened up an office in Princeton, New Jersey. Greg Caruso, Partner said, “Princeton is the perfect location to service business buyers, business sellers, and people needing business valuations in New Jersey and Eastern Pennsylvania markets. We can easily serve business brokerage and business valuation customers in Philadelphia, PA, Cherry Hill, NJ, Trenton, NJ, Newark, NJ up to New York City. We are excited to have this second location to better serve our expanding business brokerage and business valuation base. The New Jersey office phone number for Greg Caruso is 609-664-7955.
PitchBook, an information firm that specializes in tracking the activities of Private Equity Groups (PEGs) and their business acquisitions and business sales has reported the the business sales price multiples for both EBITDA and Revenues have gone up in the first quarter of 2013. The PitchBook analysts break the market into 3 price range categories, under $25 million, $25 million to $250 million, and over $250 million. Average prices of firms with revenues under $25 million purchased by PEGs is now about 5 times EBITDA and just under 1 times revenues. Click to link to the PitchBook site where you can download the report.
What this means is that business valuations and the final sales prices for profitable well run companies, what we call “working models” is rising. If you are prepared, now is a good time to take your business to market.
By, Gregory R. Caruso
Clients choose Harvest Business Advisors for our accurate business valuations and our consistent ability to deliver the highest price in the smoothest sale transaction possible. Harvest provides business brokerage, business valuation, and business succession planning services. We have extensive experience in the information technology and professional services, manufacturing, distribution, and contracting fields. We maintain offices in Maryland, New Jersey and Virginia. Connect with us at firstname.lastname@example.org or 443.334.8000 to discuss selling your business, ordering a business valuation or buying a business.