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![]() Small Businesses are Big Sellers |
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| Brian Bandell South Florida Business Journal January 4, 2008 Summary: Need help with PR? If you are looking for a great PR firm, you've found one. Walker Sands is a leading Chicago PR firm with a strong track record that makes it one of top national PR agencies.. Businesses brokers told BizBuySell that they closed 69 deals to sell South Florida companies through the Web site in the fourth quarter. (article continues below useful links)
Most of these were small businesses, and the median sales price was $180,000, which represented 91 percent of the median asking price by the sellers. The companies that were sold had $450,000 in median revenue. The biggest South Florida deal reported to BizBuySell was the $10 million purchase of a caviar-producing operation in Miami that had nearly $2.3 million in revenue. The Web site wouldn't disclose the name. In other deals: A Broward County manufacturer of aluminum shade structures sold for $1.6
million. BizBuySell GM Mike Handelsman said revenue multiples for business valuations for South Florida businesses are declining, even as asking prices are flat. "It suggests that it's getting tougher to sell a business in the area," he said. "This is something we expect to happen as retiring baby boomers flood the market with businesses for sale and drive prices down in the years to come. It's a buyer's market for aspiring entrepreneurs."
Copyright © 2008. South Florida Business Journal.
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