Small business sales on the rise, report says

Twelve months ago, area business owners seeking to sell and aspiring entrepreneurs looking for their own business to buy were still largely stuck in a slow post-recession market. That was the story in Johnson County and the rest of the metropolitan area, according to BizBuySell.com, a national online marketplace for small business sales.

Last month , the company released its data on small business transactions in the Kansas City during the first quarter. It shows a more robust market, based on listing data rather than actual sales results for 158 area businesses posted with BizBuySell. .

According to the data, the current median asking price of businesses for sale in the area is about $287,000. That is up from $235,000 in the first quarter of 2012.

In addition, businesses listed for sale in the area had median revenue of $448,000, up from $376,000 in the first quarter last year.

The median cash flow — meaning the money that comes out of the business over the year — stood at $94,089 at the end of March, up from $85,000 a year earlier.

“Many companies’ financials have recovered, making it easier to sell a business,” according to BizBuySell.

Nationwide, small business sales climbed 56 percent in the first quarter, with about 1,900 companies changing hands, the listing service said.