It’s Buyer’s Market for Small Businesses
This may be a good time to buy a small business. The past year was a buyer’s market for small businesses and this trend will likely continue for some time in 2012. A report by BizBuySell.com shows an increase in the sales of small businesses and only a slight raise in the selling prices.
The report says that sales of businesses with around $360,000 in annual revenue increased by 3.3% in 2011 and the median revenue for small businesses sold rose 6.7%. Meanwhile the average selling price of small businesses was only $155,000. This means it may be the right time for you to buy an existing small business! For more information on how to buy and run a small business tune into BIZ TV!