January 11, 2015
Using numbers from BizBuySell, the Philadelphia Business Journal on Friday reported that the number of small businesses sold in the region fell more than five percent from 2013-2014. The median purchase fell by about eight percent, it reported.
Nationally, BizBuySell’s numbers indicate the sales of small business nationally grew six percent during the same period. This growth was attributed to several factors: the improved financials of small businesses; retiring Baby Boomers; and higher numbers of qualified buyers getting into the market.
Nationally, it said, 40 percent of the transactions were service businesses, with retail (30 percent) and restaurants (22 percent) following.
The Business Journal noted that sales in the Philly region were good:
Philadelphia performed better than the national average when considering median revenue. In 2014, the median revenue of businesses sold was $505,000, 21 percent higher than the national average of $417,562. The Philadelphia businesses had a median cash flow of $100,000, which was exactly the same as the national average.
