Small Businesses in 2010
The phrase “small business growth” seems to be a popular topic in the business community. In 2010, small business trends reflected that the amount of businesses sold was up 3% from 2009. Although the average sales price fell 6.3% to 150,000 in 2010 from $160,000 the previous year, sales in the fourth quarter increased by 11% from 2009. Transactions increased, in part, due to business owners being more realistic about their businesses value, allowing more negotiations and deals to take place.
Despite the number of transactions increasing, access to capital is still difficult, causing businesses to sell for less than their true value. However, as the market begins to recover, baby boomers are predicted to start selling their businesses at an increasing rate, creating more opportunities for those individuals looking to acquire an established business at a lower rate. Even though the market remains challenging for small business owners, small business growth seems to be heading in the rigt direction in 2011.
To read more on this visit Small Business Sales Mixed in 2010.
If you have any questions, please contact Wood, Atter & Wolf, P.A., a Jacksonville, Florida law firm.
