Better economic conditions and healthier small businesses in the Dallas-Fort Worth area translated into higher sales prices in the third quarter, according to a new report by BizBuySell.com., the largest online business-for-sale marketplace.
Mike Handelsman, group general manager of BizBuySell.com, said third-quarter trends here and nationally likely were influenced by an urgency to sell before an expected increase in the capital gains tax rate starting next year.
Here are some statistics for small businesses for sale in the D-FW area from San Francisco-based BizBuySell.com:
* The median asking price for a business was $249,500 as of Sept. 30, up from $240,000 a year earlier.
* Businesses for sale had median revenue of $417,897 in the third quarter, down from $420,000 a year earlier.
* The median cash flow over the course of a year was $100,000, compared with $102,000 last year.
* Business owners asked for an average revenue multiple of 0.96 (up from 0.89 a year earlier) and a cash flow multiple of 3.46 (up from 3.36 a year earlier).
The Dallas area information is based on listing data, not completed sales, for businesses using a local business brokers and those ?for sale by owner.?
Handelsman expects the online business sales to continue along ?the same slow yet bumpy road to improvement? as seen in the last two years.
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