Business owners in the San Antonio area reduced the listing prices for companies put on the sales block in the third quarter.
James Aldridge
Web Editor- San Antonio Business Journal
The listing price for businesses for sale may be up nationwide in the third quarter of 2012, but for businesses on the sales block in San Antonio, the median asking price, median revenue and median cash flow were all down during the quarter, according to a new report from BizBuySell.com.
San Francisco-based BizBuySell.com is the largest Internet-based listing site for small business owners seeking to sell their companies. At any given time, the site lists as many as 45,000 companies up for sale in 80 different countries.
For people in the market to buy a business in San Antonio, the current median asking price was $250,000 in the third quarter, compared to $263,000 during the third quarter a year ago. The median revenue for businesses listed for sale in the third quarter was $400,000, down from $440,698 a year ago. The third-quarter median cash flow was $103,000, compared to $107,500 last year.
The San Antonio BizBuySell.com report is based on listing data, not on completed business sales. The company looked at 205 San Antonio-area businesses listed for sale on BizBuySell.com to compile the local third-quarter 2012 report.
Meanwhile, the national median asking price for businesses listed on BizBuySell.com was $239,000 in the third quarter of this year, an increase from the $235,000 in the third quarter of 2011.
“Over the past two years, we’ve seen similarly small increases in the business-for-sale market as economic conditions and overall business performance have improved,” says Mike Handelsman, Group General Manager of BizBuySell.com. “This quarter’s growth was likely assisted by sellers looking to exit their businesses before the anticipated increase in the capital gains tax rate at the close of 2012.”
James Aldridge oversees online content of the newspaper; edits and reports stories for the online edition.
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