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| Atlanta small businesses are selling like hotcakes! |
Is it TRUE that Atlanta small businesses are selling like HOTCAKES?
By James Lloyd -
One of the benefits of having a small business in Atlanta is that when YOU are ready to retire YOU can cash out and sell your business.
Notice what this article in http://www.bizjournals.com has to say on this matter:
"The median selling price of small businesses sold in metro Atlanta more than doubled in the second quarter, compared with a year ago, according to new data from the online business-for-sale marketplace, BizBuySell.com. Revenue of businesses sold in the second quarter rose nearly 68 percent from a year ago."
68% is a lot money especially to a small business owner that is cashing out.
The article continues:
"According to an analysis of 44 closed transactions in metro Atlanta by BizBuySell, businesses sold for a median price of $289,000 in the second quarter, up 114 percent from a year ago. The businesses, which sold for 87 percent of the asking price on average, had a median annual revenue of $436,000. The price the buyer paid as a multiple of the company’s revenue in the Atlanta rose about 4 percent in the second quarter versus a year ago. The cash flow multiple rose nearly 14 percent."
Why the jump?
Perhaps people that can not find suitable employment at the salary's that they had in the past are becoming business owners.
Invest in your own business.
CREATE an sellable asset for your future.
Then be sure to insure it so that it will still be there when you are ready to retire.
James Lloyd is the CEO and president of Lloyd Pro Group and has been helping Atlanta protect what matters most since 1985.
