According to BizbuySell.com, "In more good news for small business owners, businesses sold in the second quarter of 2019 closed for a record-high median sale price of $270,000. This represents a significant 13% jump from the same time last year and is a nice bump from the first quarter of the year, when the median sale price stood at $225,000. The rising sale price is a direct result of improving financials and a nice reversal from Q1 when the median sale price had declined. That both business financials and related sale prices have swiftly changed course from the first quarter could label Q1 as more of an outlier than a trend.
Not surprisingly, the median asking price for businesses sold in the U.S. also increased, up 15% from Q2 of 2018, to $299,000. As financials improve, owners are setting a higher bar for their businesses. At the same time, buyers appear more than willing to pay a premium for a proven business with a bottom line that supports continued success.
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