As a Business Broker, I have found that a business will sell when the following three items are true:
- The business has good books (well organized and verifiable)
- The business is profitable
- The business can be improved and grown
Without regard to the industry, if I represent a business that satisfies the above 3 conditions, experience has taught me that I will find a buyer. However, I have also found that certain industries do sell better, sometimes faster, and more often than others. Restaurants come to mind.
BizBuySell.com is one of the leading websites that lists businesses for sale, has just published their annual “BizBuySell Insight Reports”. BizBuySell analyzes sales and listing prices of small businesses across the United States based on approximately 45,000 businesses for sale and those recently sold.. You can find the whole report here.
I used Excel to arrange the data from one of the tables that presented the number of businesses sold in 2016; as reported by sellers and business brokers. These are the top 20 business types that sold in 2016 (by number of closed transactions).
Do you have one of the Top 20 Businesses listed above? Have you been thinking about selling your business? Contact me today and I can help you get your business ready to market confidentially and for top dollar. Call 1-800-Biz-Broker or visit www.1800bizbroker.com
About the Insight Report
The BizBuySell Insight Report is a nationally-recognized economic indicator that tracks the health of the U.S. small business economy. Each quarter, BizBuySell analyzes sales and listing prices of small businesses across the United States based on approximately 45,000 businesses for sale and those recently sold. The BizBuySell Insight Reports focus on over 70 major U.S. markets and publish local, regional, state and national data for trending and analysis