The median asking price of 56 businesses for sale in Memphis was $160,500 in the fourth quarter, according to BizBuySell.com
, up 19 percent from $135,000 in fourth quarter 2010.
Median annual revenue of listed businesses was $387,700, up 10.5 percent from $351,000 in fourth quarter 2010.
A full-service catfish restaurant in southeast Memphis, listed for $125,000, is one of the businesses for sale. There also are three liquor stores and a Midtown beauty salon, with an asking price of $100,000, listed for sale on the BizBuySell.com website.
There were 6,703 small business sold in the U.S. in 2011, up 3.3 percent from 6,486 in 2010, according to BizBuySell.com, the largest business-for-sale marketplace on the Internet. The median sales price increased from $150,000 in 2010 to $155,000 in 2011.
There was a similar 3 percent jump in closed transactions from 2009 to 2010.
Median revenue for sold businesses in 2011 was up 6.7 percent, indicating that improved business performance contributed to increased sales activity.
“While 2011 continued to be a tough year for the nation’s small business owners, we were pleased to see that business performance is improving and more people are buying small businesses,” Mike Handelsman, group general manager of BizBuySell.com and BizQuest.com, said. “Helping this is the fact that business sellers are adjusting their value expectations, something that should continue to spur deals in 2012.”
Fundamentals point to a continued slow, but steady growth in the business-for-sale market in 2012, he added.
“The federal government and Small Business Association are continuing to focus on helping ease bank lending restrictions and providing more capital to the small business market,” Handelsman said. “As more buyers and sellers begin to take advantage of these initiatives, we expect the gradual increase in business transactions to continue in 2012.”
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