3rd Quarter 2017 Business Sales Reach Record Highs
BizBuySell a national business opportunity website stated in their Insight Report on 10/26/17 reported that small business transactions in the US reached a record high in the 3rd quarter of 2017 from data statistics reported by business brokers nationwide.
According to the Insight Report, a record number of businesses were sold, which showed that buyers and sellers are very active.
In the 3rd Quarter of 2017 2,589 transactions were closed. This represents a 24 percent increase from this time last year. The number of closed transaction as September 2017 was 7,491, meaning that 2017 will be a record-breaking year of small business transactions. There is a 2 year inclination of healthy quarter-over-quarter businesses available for market growth.
There are many factors which contribute to the businesses for sale and businesses sold environment.
Of course a strong economy, optimism for tax reform and relaxed regulations under President Trump may be encouraging more entrepreneurs to enter small business ownership.
Another interesting fact is that the median price of the sold businesses increased almost 16% over the same period in 2016.
One other significant increase was the number of businesses available for sale.
The outlook for the balance of 2017 appears healthy for the growth of businesses being offered for sale and buyers looking to live the American dream of owning their own business.
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Reviewed by Jeff and Linda Nyman – October 31, 2017