Interesting to note that in Richmond, VA the median selling price was $145,000 which represented 2.09 cash flow multiple.
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.