If you’re looking to buy, or sell, a small business, now might be a decent time.
The trend lines in terms of sales volume and prices are going in the right direction, according to a report by BizBuySell, an online business marketplace in San Francisco.
As reported by brokers in the five Bay Area counties the study considered (San Francisco, San Mateo, Alameda, Contra Costa and Marin), the number of businesses sold or listed for sale increased significantly in the second quarter, as did their median price and revenue numbers.
While the number of sales (11) is too small to draw firm conclusions, the number listed for sale – 275, an increase of 12 percent over the first quarter – is indicative of an upward trend that began earlier in the year.
The median asking price rose 9 percent, to $235,000, while revenue of those listed stood at $476,000, an increase of 7 percent.
“This paints a picture of a sector in recovery,” said the company’s general manager, Mike Handelsman. “Owners believe they are now in a better position to sell their business, and for a higher price.”
Elsewhere, the recovery is a little rockier. Transactions across the country fell by 1.7 percent in the second quarter, and the median sale price for small businesses dipped slightly, to $236,750. “I see it as
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