Bizbuysell reports that "Breaking the data down by industry, the service sector appears to be driving the national increase in sale prices. Service-oriented businesses had a 17% increase in revenue this quarter, allowing owners to sell their business for 22% more than the same time last year.
Interestingly, retail businesses saw a similar 20% revenue increase, but it only translated to a 5% growth in the sale price. Digging deeper, the median cash flow of retail businesses increased just 2.8% year-over-year, perhaps signaling the impact tariffs are having on bottom lines across the retail industry. In addition, the number of reported sold retail businesses declined near 25%, which could be a result of the well-documented difficulties in the sector as consumers shift their purchasing behavior online. Among other industries, restaurants experienced a 9% increase in revenue and a 10% increase in sale price.
For prospective buyers, the median asking price of businesses listed for sale in Q2 increased 4.8% as a whole but is led by manufacturing and service businesses, where asking prices rose 6% and 4% respectively. Finally, the median asking prices for restaurant and retail businesses remain unchanged versus a year ago."
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