Less Small Businesses Being Sold
Fewer small businesses were sold in the most recent quarter.
According to BizBuySell.com the number of small businesses sold dropped to 1,603 in the second quarter. In the first quarter 1,709 small businesses were sold.
Fewer businesses were sold in the last quarter despite a drop of around $3,000 in the average asking price.
Some small businesses are selling better than others. In fact, 70% of the small businesses sold in the second quarter were retail stores.
Have you ever had trouble selling a small businesses?