Each quarter Transworld reviews BizBuySell's Quarterly Market Insight Report to keep us in tune with happenings within our industry and the economy as a whole. This also gives us the opportunity to share some market highlights with our readers. The first half of 2016 showed small business transactions to be trending up over last year. This second quarter report also showcased the market's stability and high activity levels. These trends were corroborated by the closed deals seen by Transworld, which numbered at 14 businesses.
General Market Highlights:
- The total number of small businesses sold in the first half of 2016 represent an increase from not only last year, but from 2014 as well.
- A total of 1,935 closed transactions were reported in the second quarter of 2016.
- The median sale price of a business, $199,000, is almost identical to the $200,000 2015 mid-year level.
- Small businesses sold in the second quarter of 2016 reported a median of 178 days on the market, a slight improvement from the 188 days in the previous quarter.
Transworld's Closed Deals from Q2: Transworld's sold businesses ran the gamut as far as the industry, spanning from Restaurants to Pet Care businesses. The median time to close was 153, 25 days less than the market median of 178 days.
For a deeper look at the market trends for the first half of 2016 head over to Biz Buy Sell or to speak to one of our team members about the buying and selling process...
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Rachael Holstein joined the Transworld Team in 2016 as Marketing Coordinator. Her working experience has been largely focused on Business Development and Marketing in the finance, architecture, property management, and information technology industries. A long time resident of Cleveland, Ohio, she attained her Undergrad from John Carroll University and a Master's Degree in Global Interactions from Cleveland State University. She relocated to Denver in 2013 for a change of scenery and a bit of adventure.
