Is It Time To Sell?
The news is bleak, but in the right market and industry you can sell your business.
It might seem crazy, but now could be a great time to sell your business. Data from BizBuySell, an online business-for-sale marketplace, showed that in the second quarter of 2008, asking and final sale prices for businesses were higher compared with the same period in 2007.
Nationally, the businesses sold had a median revenue of $395,000 and a median sale price of $200,000 in the quarter ended June 30. The businesses had a median cash flow of nearly $95,000. Close to 2,100 businesses changed hands through bizbuysell.com in the second quarter, up from 1,559 in second-quarter 2007.
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