The small business-for-sale market is getting healthier, both nationally and in the Salt Lake City area. BizBuySell.com, which describes itself as the largest online business-for-sale marketplace, said the number of businesses changing hands nationally during the third quarter was up 2.8 percent, compared with the same quarter of the previous year.
In Salt Lake City, the cost to buy an existing business reflects that trend, with the median asking price at $383,500 during the quarter, compared with $230,000 a year ago. The median means that half of the owners of existing businesses were asking more than that amount for their companies and half were asking less.
During the third quarter, the 176 Salt lake City-area businesses that were listed for sale had median revenue of $450,567, up from $348,853 in the same period last year. The median cash flow — the money that comes out of the business over the course of a year — stood at $450,567, up from $348,853 in the third quarter of 2011. Salt Lake Tribune
