BizBuySell reports sales of businesses are at an all time high

Biz Buy Sell reported that sales of small businesses are at an all time high.  They reported that businesses for sale in Towson – Baltimore, Maryland metro area had an asking price that was a 3.1 multiple of cash flow.  In the Philadelphia, Pennsylvania area small business asking prices tended to be about 3 times cash flow also.  New Jersey’s small business for sale asking price multipliers are about the same.  Biz Buy Sell is used by business brokers to advertise their for sale small business listings.   The report is based on data compiled by BizBuySell through the 2nd quarter of 2015.  Additionally it was reported that there continue to be increases in new listings and in the sales prices of businesses.

Click to read article:  Sales of Business’s are at an all time high.

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 info@harvestbusiness.com or 443.334.8000 to discuss selling your business, ordering a business valuation or buying a business.

Sell my Business – For Business Owners – Do You Really Want to Sell Your Business?

Maximum Machine’s owners said they wanted to sell their business.  The idea was that a new Buyer would move the business freeing up the building owned by Maximum’s owner.  Maximum’s owner would then rent the building for significantly more money to a retail user.     The building had valuable retail  zoning on a high-traffic corner.   Maximum paid below market rent.  Even adding the rent paid by Maximum back to  Maximum’s cash flow did not generate the cash flow renting to a retail tenant would.

Unfortunately, the owners refused to price the business anywhere near the market value and, at last count, were still running their business making less money than what market rent would generate.

If you really do want to sell your business,, the following will help.

Considering Selling Your Business? Please click here for a downloadable e-book, “ 10 Ways to Increase the Value of Your Business“.

The moral?

People run businesses for reasons other than money;  and in the case of Buyers and Sellers, actions speak louder than words.

Gregory Caruso, JD, CPA, CVA
Harvest Business Advisors
Business Brokers, Business Valuations
Maryland | New Jersey | Pennsylvania
gcaruso@harvestbusiness.com
609-664-7955