Record Number of Small Businesses Were Bought & Sold in America in 2016

BizBuySell.com’s Fourth Quarter 2016 Insight Report shows small business transactions continue to reach new highs as growing financials make for a hot market

San Francisco, CA – BizBuySell.com, the Internet’s largest business-for-sale marketplace, reported today that annual small business transactions reached record levels in 2016, topping 2015’s totals by 8.6 percent and 2014’s previous high by 4.6 percent. The full results are included in BizBuySell’s annual and Q4 2016 Insight Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide.

A total of 7,842 closed transactions were reported in 2016, the highest yearly total of small business sales since BizBuySell first started tracking data in 2007. This total confirms the positive assessment of the 2016 small business market by business brokers as recorded in BizBuySell’s December survey. According to the survey, 63 percent of respondents experienced more deals in 2016 than in 2015. Primary factors for the reported growth include an improving small business environment, more owners looking to sell, more qualified buyers on the market and better financing options.

2016 Q4 Closed Small Business Transactions

2016 financial indicators echo the sentiment of an improving small business environment. The median revenue of sold businesses grew 5.2 percent from $449,462 in 2015 to $472,798 in 2016. Median cash flow also increased, up to $107,551 from $102,000 the year prior. These growing financials likely enticed more buyers into the market, spurring transactions.

2016 Q4 Key Financials of Sold Small Businesses

Despite the increased demand in 2016, owners did not respond with higher prices. The median asking price remained flat from 2015 at $225,000, while the median sale price increased a mere half a percentage point to $200,000. These figures put the average sale-to-asking price ratio at 92 percent. Such a strong ratio indicates the market is becoming more balanced, with both parties coming closer together in their assessment of fair market value.

2016 Q4 Small Business Sale Price vs Asking Price

“After several years of strong business-for-sale activity, it is great to see even more growth in 2016,” Bob House, President of BizBuySell.com and BizQuest.com said. “Not only are more small businesses changing hands, but healthier businesses put the new owners in a great position for continued success. This bodes well for the market, but also points to a bright future for small businesses overall.”

Fourth Quarter Fuels Annual Transaction Spike; Median Days on Market Falls

BizBuySell’s fourth quarter data reveals that a healthy 17.6 percent year-over-year increase in transactions over the final three months of 2016 helped achieve the year’s record totals. A likely contributor was the median revenue of sold businesses, which increased 8.6 percent year-over-year to $500,250 and was the highest since BizBuySell first started tracking the data in 2007. The median cash flow also increased, from $105,000 in Q4 2015 to $110,000 in Q4 2016. Improving financials gave sellers the confidence to raise their asking prices 4.8 percent to $239,950, while the median sale price improved 3 percent to $206,000. This increase signals that buyers might be willing to pay more for healthier businesses, a theme that will be interesting to watch for in 2017.

As transactions picked up in the last quarter, the time it took for a business to sell dropped to 160 days, an 11.6 percent drop from Q4 2015. That’s also a sharp decrease from earlier this year when the median days on market stood at 188 days in Q1. This drop is most likely a consequence of both buyers and sellers wanting to close on a deal before the year-end.

Finally, as we move into the new year, it’s also worth noting the 7.8 percent year-over-year uptick in Q4 listings, which shows there’s still a strong supply of healthy businesses available for interested buyers. A steady supply will likely persist as more Baby Boomers look to exit small business ownership for retirement and capitalize on the strong market. In fact, according to the aforementioned December survey, seventy percent of business brokers attributed at least a quarter of their closed sales to Baby Boomers, and a resounding 98 percent expect the same amount or more to exit their business in 2017. With buyers attracted to stronger financials and an increasing number of millennials looking to enter small business ownership, signs point to a well-balanced market.

Trump Spurs Optimism for Continued Growth in 2017, However Regulatory Uncertainties Linger

Coming off such a record year, indicators suggest that small business momentum will continue into the new year. In fact, according to BizBuySell’s December business broker survey, 79 percent of respondents expect the number of business-for-sale transactions to improve again in 2017. Forty-five percent anticipate sales prices to increase as well.

2017 broker optimism appears to have a political connection. In the same survey, 31 percent of brokers said they believe President-elect Donald Trump’s policy changes will be the main reason for improvement in 2017. In addition, nearly 60 percent of business brokers believe President-elect Trump’s policies will encourage more buyers to enter the small business market.

Of course, while buyers and sellers expressed a similarly optimistic view of the Donald Trump presidency in the annual Buyer-Seller Confidence Survey released in September, many regulatory and political uncertainties linger. Buyers and sellers entering the market this year should keep an eye on current and upcoming issues such as the final ruling on overtime pay changes, changing health care regulations and global market conditions, and determine if these changes could affect their exit or acquisition strategies.

“Overall, small business indicators point to a healthy market for buying and selling in 2017,” House said. “Although there will certainly be issues to watch under the new Trump administration, as long as small business financials continue to improve and a steady supply of listings enter the market, transaction activity should continue its momentum well into the new year.”

APPENDIX: Additional Statistics from Small Business Listings and Transactions Reported to BizBuySell

2016 Q4 Small Business Sale Price Multiples

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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.

Media Contact

Bobby Chilver
Walker Sands Communications
312-546-4712
robert.chilver@walkersands.com

Media Resources

BizBuySell is the Internet’s largest and most heavily trafficked business for sale marketplace, with more business for sale listings, more unique users, and more search activity than any other service.

Small Business Listing Metrics by Geography for Fourth Quarter, 2016

Key metrics from businesses listed for sale on BizBuySell.com by market for Q4 2016

BizBuySell.com
Time Period:
Q4 2016
Source:
BizBuySell.com
Market # of Businesses Listed Median Asking Price Median Revenue Asking Price to Revenue (average) Median Cash Flow Asking Price to Cash Flow (average)
Albany-Schenectady-Troy, NY 133 $325,000 $500,000 0.81 $127,015 2.86
Albuquerque, NM 62 $357,500 $945,118 0.54 $143,294 3.27
Atlanta-Sandy Springs-Marietta, GA 652 $265,000 $499,986 0.91 $117,427 3.47
Austin-Round Rock, TX 207 $295,000 $520,000 0.74 $127,206 3.09
Baltimore-Towson, MD 249 $260,000 $525,000 0.69 $120,000 2.67
Birmingham-Hoover, AL 66 $249,500 $438,679 0.79 $100,500 3.15
Boston-Cambridge-Quincy, MA-NH 570 $249,000 $515,000 0.63 $120,000 2.61
Bridgeport-Stamford-Norwalk, CT 165 $229,900 $549,000 0.60 $120,000 2.45
Buffalo-Niagara Falls, NY 37 $249,000 $442,000 0.69 $110,000 3.19
Charlotte-Gastonia-Concord, NC-SC 231 $300,000 $570,613 0.76 $119,000 3.31
Chicago-Naperville-Joliet, IL-IN-WI 680 $279,500 $477,006 0.88 $118,334 3.17
Cincinnati-Middletown, OH-KY-IN 124 $295,000 $649,348 0.69 $112,278 3.29
Cleveland-Elyria-Mentor, OH 140 $247,000 $557,000 0.59 $119,000 2.63
Columbus, OH 181 $195,000 $448,657 0.63 $106,032 2.48
Contra Costa-Alameda-Solano, CA 224 $295,000 $557,698 0.73 $120,000 3.01
Dallas-Fort Worth-Arlington, TX 1054 $250,000 $450,000 1.00 $111,128 3.58
Dayton, OH 54 $197,000 $412,500 0.72 $75,500 3.31
Denver-Aurora, CO 453 $300,000 $584,000 0.70 $113,000 3.09
Detroit-Warren-Livonia, MI 209 $249,000 $460,000 0.77 $100,000 3.03
Durham, NC 34 $287,000 $459,170 0.67 $100,500 3.09
Fresno, CA 27 $225,000 $765,000 0.49 $136,545 3.03
Greensboro-High Point, NC 40 $229,950 $512,000 0.61 $90,000 2.82
Hartford-West Hartford-East Hartford, CT 132 $195,000 $469,250 0.64 $81,133 2.43
Honolulu, HI 21 $139,000 $275,000 0.75 $81,773 2.95
Houston-Sugar Land-Baytown, TX 580 $230,000 $424,219 0.84 $100,000 3.25
Indianapolis-Carmel, IN 122 $250,000 $619,500 0.75 $101,046 3.12
Jacksonville, FL 379 $200,000 $425,000 0.68 $100,000 2.67
Kansas City, MO-KS 170 $337,500 $545,610 0.91 $120,000 3.30
Las Vegas-Paradise, NV 434 $179,000 $334,401 0.79 $90,000 2.60
Los Angeles-Long Beach-Santa Ana, CA 2200 $234,912 $431,500 0.78 $104,700 2.90
Louisville-Jefferson County, KY-IN 104 $249,500 $403,800 0.97 $83,953 3.61
Memphis, TN-MS-AR 68 $282,500 $568,390 0.67 $106,500 2.74
Miami-Fort Lauderdale-Miami Beach, FL 1773 $260,000 $427,840 0.82 $110,965 2.93
Milwaukee-Waukesha-West Allis, WI 98 $402,500 $777,119 0.75 $149,660 3.65
Minneapolis-St. Paul-Bloomington, MN-WI 420 $306,000 $500,000 0.79 $114,171 3.12
Nashville-Davidson–Murfreesboro, TN 207 $234,900 $469,669 0.63 $102,000 2.64
New Haven-Milford, CT 129 $260,000 $491,648 0.65 $116,241 3.03
New Jersey 1846 $250,000 $455,000 0.78 $108,000 2.99
New Orleans-Metairie-Kenner, LA 93 $280,000 $435,000 0.95 $87,973 3.61
New York-Northern New Jersey-Long Island, NY-NJ-PA 5714 $296,500 $592,000 0.69 $137,853 2.69
Oklahoma City, OK 112 $287,500 $529,265 0.63 $115,392 2.86
Orange County, CA 635 $200,000 $400,000 0.72 $96,000 2.72
Orlando-Kissimmee, FL 673 $199,000 $420,000 0.71 $100,000 2.80
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 802 $282,500 $490,368 0.85 $120,000 3.09
Phoenix-Mesa-Scottsdale, AZ 1271 $199,000 $360,000 0.71 $87,500 2.59
Pittsburgh, PA 104 $246,500 $502,500 0.80 $107,507 2.95
Portland-Vancouver-Beaverton, OR-WA 153 $300,000 $493,000 0.75 $119,324 3.19
Providence-New Bedford-Fall River, RI-MA 134 $250,000 $526,426 0.66 $113,500 2.76
Raleigh-Cary, NC 131 $255,000 $354,099 0.70 $102,776 2.92
Richmond, VA 218 $169,000 $367,096 0.65 $85,000 2.68
Riverside-San Bernardino-Ontario, CA 450 $225,000 $480,000 0.73 $102,164 2.97
Rochester, NY 108 $179,000 $354,530 0.67 $70,415 3.17
Sacramento–Arden-Arcade–Roseville, CA 231 $290,000 $612,000 0.67 $126,000 2.72
Salt Lake City, UT 137 $349,000 $574,000 0.87 $132,979 3.24
San Antonio, TX 155 $250,000 $472,282 0.84 $93,501 3.35
San Diego-Carlsbad-San Marcos, CA 375 $199,999 $400,000 0.70 $100,000 2.51
San Francisco-Oakland-Fremont, CA 446 $299,000 $508,514 0.85 $120,000 2.91
San Jose-Sunnyvale-Santa Clara, CA 174 $270,000 $592,780 0.72 $118,446 2.84
Seattle-Tacoma-Bellevue, WA 240 $272,000 $491,172 0.72 $113,266 3.05
St. Louis, MO-IL 226 $295,500 $528,728 0.76 $104,796 3.52
Tampa-St. Petersburg-Clearwater, FL 933 $225,000 $395,990 0.81 $100,000 2.70
Tucson, AZ 98 $239,500 $421,299 0.71 $113,500 2.81
Tulsa, OK 70 $299,000 $461,370 0.95 $100,012 3.81
Virginia Beach-Norfolk-Newport News, VA-NC 177 $179,000 $360,000 0.68 $80,000 3.18
Washington-Arlington-Alexandria, DC-VA-MD-WV 774 $250,000 $520,000 0.73 $120,000 2.92
Wichita, KS 20 $419,500 $537,185 0.97 $144,542 3.51
Winston-Salem, NC 25 $297,000 $420,000 1.09 $109,000 2.81

Source: Small business transactions reported on BizBuySell.com during the fourth quarter of 2016

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Closed Small Business Transaction Metrics by Geographic Market for the Full-Year 2016

Key metrics from transactions reported on BizBuySell.com by market during 2016

BizBuySell.com
Time Period:
2016
Source:
BizBuySell.com
Market # of Reported Sales Median Sale Price Median Asking Price Sales to Asking Price (average) Median Revenue Revenue Multiple (average) Median Cash Flow Cash Flow Multiple (average)
Albany-Schenectady-Troy, NY 9 $400,000 $425,000 0.91 $680,000 0.57 $248,000 2.76
Albuquerque, NM 9 $195,000 $195,000 0.98 $1,000,000 0.25 $130,000 2.27
Atlanta-Sandy Springs-Marietta, GA 245 $250,000 $257,500 0.92 $510,207 0.58 $110,474 2.49
Austin-Round Rock, TX 65 $286,250 $312,500 0.93 $562,175 0.58 $129,737 2.35
Baltimore-Towson, MD 81 $367,500 $477,500 0.94 $837,500 0.70 $200,000 2.52
Birmingham-Hoover, AL 17 $274,500 $312,000 0.87 $493,986 0.73 $123,880 2.78
Boston-Cambridge-Quincy, MA-NH 220 $167,500 $209,000 0.88 $485,000 0.52 $115,890 1.89
Bridgeport-Stamford-Norwalk, CT 36 $170,000 $170,000 0.92 $513,000 0.51 $125,000 1.73
Buffalo-Niagara Falls, NY 10 $368,000 $395,000 0.94 $409,518 0.96 $110,000 2.69
Charlotte-Gastonia-Concord, NC-SC 77 $478,800 $500,000 0.94 $700,000 0.66 $157,001 2.95
Chicago-Naperville-Joliet, IL-IN-WI 211 $230,000 $249,000 0.91 $464,000 0.59 $113,829 2.40
Cincinnati-Middletown, OH-KY-IN 21 $235,000 $247,000 0.86 $533,359 0.48 $114,000 2.33
Cleveland-Elyria-Mentor, OH 30 $435,000 $550,000 0.90 $768,000 0.66 $150,000 2.73
Columbus, OH 46 $121,288 $129,950 0.86 $346,931 0.42 $75,000 1.76
Contra Costa-Alameda-Solano, CA 63 $250,000 $287,500 0.92 $667,139 0.50 $138,077 2.24
Dallas-Fort Worth-Arlington, TX 219 $210,000 $219,000 0.93 $465,636 0.62 $120,000 2.28
Dayton, OH 8 $310,000 $345,000 0.91 $425,000 0.67 $108,000 2.78
Denver-Aurora, CO 149 $370,000 $390,000 0.91 $983,454 0.61 $180,000 2.46
Detroit-Warren-Livonia, MI 90 $125,000 $140,000 0.85 $417,327 0.37 $77,087 2.02
Durham, NC 18 $299,000 $299,000 0.92 $485,232 0.59 $83,303 3.06
Fresno, CA 7 $79,000 $79,000 0.99 $178,792 0.57 $63,000 1.40
Greensboro-High Point, NC 6 $397,500 $440,500 0.97 $442,700 0.72 $165,000 2.90
Hartford-West Hartford-East Hartford, CT 26 $129,850 $154,475 0.85 $450,000 0.57 $74,205 1.72
Houston-Sugar Land-Baytown, TX 119 $200,000 $220,000 0.95 $400,000 0.64 $105,212 2.01
Indianapolis-Carmel, IN 41 $162,500 $189,500 0.87 $327,515 0.72 $122,351 2.05
Jacksonville, FL 49 $190,000 $239,000 0.90 $432,000 0.64 $114,837 2.29
Kansas City, MO-KS 44 $250,000 $305,000 0.91 $574,480 0.54 $115,000 2.42
Las Vegas-Paradise, NV 101 $140,000 $175,000 0.85 $350,000 0.48 $72,017 1.74
Los Angeles-Long Beach-Santa Ana, CA 578 $180,000 $200,000 0.92 $440,000 0.58 $100,000 2.25
Louisville-Jefferson County, KY-IN 21 $120,000 $129,000 0.86 $305,448 0.55 $62,426 2.37
Memphis, TN-MS-AR 25 $232,500 $262,500 0.89 $727,500 0.51 $112,147 2.22
Miami-Fort Lauderdale-Miami Beach, FL 451 $175,000 $185,000 0.92 $373,187 0.56 $100,000 2.03
Milwaukee-Waukesha-West Allis, WI 26 $300,000 $350,000 0.89 $978,617 0.65 $188,000 3.02
Minneapolis-St. Paul-Bloomington, MN-WI 62 $200,000 $225,000 0.90 $330,000 0.76 $85,972 2.43
Nashville-Davidson–Murfreesboro, TN 88 $297,500 $300,000 0.92 $535,257 0.62 $110,000 2.53
New Haven-Milford, CT 20 $287,500 $300,000 0.91 $686,000 0.67 $126,498 2.50
New Jersey 234 $200,000 $225,000 0.90 $600,000 0.51 $123,380 2.01
New Orleans-Metairie-Kenner, LA 10 $145,000 $184,500 0.94 $302,150 0.62 $85,000 2.30
New York-Northern New Jersey-Long Island, NY-NJ-PA 548 $249,500 $289,500 0.91 $629,115 0.51 $127,175 2.11
Oklahoma City, OK 25 $175,000 $225,500 0.86 $486,768 0.45 $91,515 2.32
Orange County, CA 239 $175,000 $196,500 0.92 $381,352 0.53 $95,702 2.13
Orlando-Kissimmee, FL 175 $127,500 $146,500 0.91 $345,994 0.59 $86,862 1.83
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 163 $227,500 $287,500 0.92 $535,721 0.60 $120,000 2.05
Phoenix-Mesa-Scottsdale, AZ 228 $170,000 $190,000 0.97 $400,000 0.56 $98,248 1.96
Pittsburgh, PA 30 $655,000 $660,000 0.97 $956,617 0.78 $214,255 2.93
Portland-Vancouver-Beaverton, OR-WA 78 $175,000 $200,000 0.95 $590,000 0.56 $95,000 2.55
Providence-New Bedford-Fall River, RI-MA 45 $705,000 $790,000 0.92 $800,638 0.70 $139,250 3.36
Raleigh-Cary, NC 62 $275,000 $299,000 0.91 $585,564 0.62 $117,934 2.65
Richmond, VA 33 $130,000 $140,000 0.87 $360,000 0.45 $95,000 1.92
Riverside-San Bernardino-Ontario, CA 104 $225,000 $275,000 0.87 $516,000 0.51 $100,912 2.13
Rochester, NY 12 $100,500 $112,000 0.92 $264,976 0.35 $62,849 1.72
Sacramento–Arden-Arcade–Roseville, CA 53 $218,500 $237,000 0.92 $425,325 0.69 $119,460 2.28
Salt Lake City, UT 52 $149,500 $160,000 0.90 $417,485 0.63 $107,000 2.11
San Antonio, TX 20 $150,000 $170,000 0.94 $257,000 0.61 $92,989 1.83
San Diego-Carlsbad-San Marcos, CA 115 $225,000 $225,000 0.97 $424,712 0.63 $107,891 2.19
San Francisco-Oakland-Fremont, CA 153 $195,000 $210,000 0.94 $416,000 0.74 $104,784 2.31
San Jose-Sunnyvale-Santa Clara, CA 47 $342,000 $445,000 0.87 $750,000 0.57 $155,797 2.35
Seattle-Tacoma-Bellevue, WA 131 $309,000 $350,000 0.92 $587,998 0.53 $122,749 2.83
St. Louis, MO-IL 16 $272,000 $294,000 0.88 $664,713 0.49 $145,521 2.13
Tampa-St. Petersburg-Clearwater, FL 252 $140,000 $149,000 0.92 $341,371 0.59 $85,000 2.00
Tucson, AZ 23 $146,500 $150,000 0.90 $456,299 0.57 $91,242 2.19
Tulsa, OK 18 $162,500 $212,000 0.87 $822,337 0.58 $64,719 2.48
Virginia Beach-Norfolk-Newport News, VA-NC 35 $170,000 $192,000 0.90 $432,936 0.55 $96,873 2.12
Washington-Arlington-Alexandria, DC-VA-MD-WV 142 $250,000 $270,000 0.90 $500,000 0.59 $120,000 2.21
Wichita, KS 4 $119,500 $120,000 0.98 $375,000 0.42 $53,000 2.46
Winston-Salem, NC 7 $350,000 $389,000 0.87 $419,955 1.25 $111,000 3.56

Source: Small business transactions reported on BizBuySell.com during 2016

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Closed Small Business Transaction Metrics by Sector for the Full-Year 2016

Key metrics from transactions reported on BizBuySell.com by sector during 2016

BizBuySell.com
Time Period:
2016
Source:
BizBuySell.com
Sector Sub-Sector Number of Reported Sales Median Sales Price Median Asking Price Sales to Asking Price (average) Median Revenue Revenue Multiple (average) Median Cash Flow Cash Flow Multiple (average)
Agriculture Agriculture 11 $850,000 $900,000 0.93 $1,470,434 0.80 $327,000 2.72
Communications Communications 3 $1,200,000 $1,200,000 1.00 $625,000 1.92 $425,000 2.82
Communications Construction-Building 38 $375,000 $487,500 0.90 $1,137,663 0.41 $243,937 1.92
Communications Construction-Heavy 5 $3,000,000 $3,250,000 1.02 $3,733,057 0.79 $676,761 4.14
Construction Construction-Special Trades 157 $492,500 $534,500 0.92 $1,073,777 0.52 $239,982 2.23
Electric, Gas, Water, Sanitary Svcs Electric, Gas, Water, Sanitary Svcs 11 $1,120,000 $1,200,000 0.90 $1,437,113 0.77 $413,280 2.46
Internet Internet-Business Services (B2B) 60 $300,000 $280,000 1.00 $315,000 1.03 $147,000 2.38
Internet Internet-Consumer Services (B2C) 94 $275,000 $305,000 0.92 $425,000 0.78 $109,754 2.23
Internet Internet-Domain Name/Basic Site 8 $232,200 $234,700 0.95 $228,759 0.98 $135,219 1.47
Internet Internet-General Internet 65 $174,000 $174,000 0.98 $203,318 1.30 $72,182 2.71
Internet Internet-Software 13 $930,000 $925,000 0.87 $612,425 1.57 $300,000 3.17
Internet Internet-Web Design/Tech Services 13 $287,500 $292,000 0.83 $539,127 0.87 $108,489 2.08
Manufacturing Apparel & finished fabrics 20 $248,750 $283,250 0.87 $430,577 0.62 $107,008 2.36
Manufacturing Chemicals & Allied Products 4 $525,000 $525,000 1.00 $622,500 0.80 $198,400 2.55
Manufacturing Electronic & Electrical Equip. 10 $1,350,000 $1,400,000 0.96 $1,761,889 0.98 $485,410 3.24
Manufacturing Fabricated Metal Products 74 $850,000 $900,000 0.93 $1,300,000 0.82 $334,755 3.15
Manufacturing Food and Kindred Products 33 $433,934 $506,000 0.91 $1,155,000 0.60 $166,016 2.85
Manufacturing Furniture and Fixtures 13 $550,000 $560,000 1.02 $992,854 0.67 $289,000 2.73
Manufacturing Industrial & Comm. Machinery 16 $918,000 $990,000 0.92 $968,820 0.87 $205,978 4.06
Manufacturing Leather and Leather Products 1 $126,000 $129,900 0.97 $145,000 0.87 $50,000 2.52
Manufacturing Lumber and Wood Products 13 $327,500 $367,500 0.93 $796,000 0.71 $188,034 2.82
Manufacturing Measuring & Analyzing Instr. 4 $2,550,000 $2,700,000 0.90 $2,085,228 1.16 $763,829 3.90
Manufacturing Miscellaneous 58 $485,000 $500,000 0.89 $950,000 0.70 $181,000 2.87
Manufacturing Paper & Allied Products 2 $1,560,000 $1,800,000 0.87 $7,600,000 0.21 $574,000 2.72
Manufacturing Primary Metal Industries 9 $1,250,000 $1,250,000 0.94 $799,749 1.04 $296,126 3.74
Manufacturing Printing, Publishing 54 $175,000 $214,595 0.84 $310,431 0.61 $90,000 1.99
Manufacturing Rubber and Plastic Products 12 $549,500 $649,500 0.86 $1,206,207 0.67 $218,851 2.68
Manufacturing Stone, Clay, Glass, Concrete 13 $700,000 $750,000 0.89 $1,348,416 0.79 $286,101 2.90
Manufacturing Tobacco Products 6 $174,000 $174,450 0.99 $410,550 1.05 $92,370 3.69
Manufacturing Transportation Equipment 10 $1,025,000 $1,100,000 0.94 $1,240,000 1.26 $313,411 3.29
Retail Apparel and Accessory Stores 97 $149,000 $170,000 0.90 $422,500 0.42 $94,336 1.84
Retail Automotive Dealers 30 $620,231 $705,231 0.87 $1,759,092 0.50 $283,083 2.64
Retail Bars/Taverns 270 $199,000 $209,000 0.86 $543,092 0.43 $99,000 2.15
Retail Blding Mat., Hardware, Garden 35 $549,000 $699,000 0.92 $1,196,000 0.51 $191,000 2.81
Retail Convenience Stores 324 $125,000 $145,000 0.96 $500,000 0.32 $100,000 1.99
Retail Florists 54 $100,000 $119,000 0.90 $279,176 0.45 $62,182 1.91
Retail Gasoline Service Stations 281 $437,500 $497,500 0.90 $2,202,355 0.30 $135,668 3.83
Retail General Merchandise Stores 48 $192,500 $192,500 0.89 $493,569 0.37 $78,370 2.27
Retail Home Furniture & Furnishings 64 $292,500 $332,000 0.95 $584,269 0.54 $131,764 2.19
Retail Liquor Stores 275 $365,000 $399,500 0.93 $882,885 0.50 $150,000 2.91
Retail Marine Dealers & Equipment 10 $450,000 $550,000 0.85 $1,392,862 0.57 $310,000 2.33
Retail Miscellaneous Retail 207 $171,403 $199,000 0.92 $409,185 0.51 $87,500 2.13
Retail Other Eating & Drinking Places 275 $140,000 $160,000 0.92 $350,359 0.45 $75,000 2.00
Retail Other Food Stores 86 $167,500 $199,450 0.87 $371,000 0.44 $95,273 1.94
Retail Pet Shops & Supplies 27 $304,500 $329,000 0.88 $622,467 0.47 $151,700 2.02
Retail Restaurants 1731 $160,000 $175,000 0.90 $485,000 0.39 $92,946 1.98
Retail Supermarkets 37 $405,000 $457,000 0.93 $1,240,000 0.40 $158,657 2.70
Retail Vending Machines 132 $120,000 $127,000 0.93 $375,061 0.53 $70,610 1.98
Service Agents & Brokers 39 $312,500 $337,500 0.92 $276,127 1.39 $130,548 2.97
Service Amusement & Recreation 90 $225,000 $247,262 0.91 $350,000 0.85 $98,905 2.53
Service Auto Repair, Parts & Services 205 $240,000 $250,000 0.91 $615,000 0.53 $130,000 2.11
Service Beauty Salons, Barber Shops 243 $99,500 $100,000 0.89 $242,544 0.47 $62,892 1.85
Service Computer & Software Services 31 $237,500 $265,000 0.91 $524,281 0.57 $121,822 2.51
Service Drycleaning/Laundry Services 339 $170,000 $180,000 0.91 $239,800 0.85 $80,400 2.58
Service Educational Services 66 $185,000 $212,500 0.92 $318,708 0.72 $90,977 2.49
Service Engineering & Accounting Svcs 70 $337,500 $350,000 0.93 $327,111 0.89 $152,592 2.31
Service Finance, Banking, Loans, etc. 28 $239,500 $254,500 0.88 $612,000 0.71 $134,239 1.94
Service Freight, Moving/Delivery 178 $497,000 $522,500 0.94 $652,912 0.75 $165,377 2.94
Service Health, Medical & Dental 335 $325,000 $355,000 0.95 $630,493 0.70 $153,723 2.52
Service Hotels & Other Lodging Places 86 $580,000 $625,000 0.87 $504,725 1.55 $160,000 4.22
Service Landscaping & Yard Services 116 $170,000 $188,750 0.92 $304,320 0.60 $107,736 1.77
Service Legal Services 6 $112,500 $124,500 0.91 $139,745 0.75 $70,147 1.56
Service Marine Repair, Parts & Services 11 $417,500 $462,500 0.92 $1,142,289 0.43 $202,750 2.13
Service Membership Organizations 6 $85,000 $100,000 0.82 $125,000 0.59 $59,949 1.56
Service Miscellaneous Repair Services 75 $225,000 $249,000 0.89 $459,850 0.57 $113,702 1.92
Service Miscellaneous Services 273 $200,000 $225,000 0.92 $360,000 0.69 $109,500 2.07
Service Motion Pictures 2 $160,000 $177,500 0.94 $251,500 0.59 $107,185 1.45
Service Museums, Art Galleries, Zoos 3 $180,000 $180,000 1.00 $225,000 0.69 $120,000 2.13
Service Other Business Services 239 $238,000 $270,000 0.91 $404,712 0.64 $111,000 2.24
Service Other Personal Services 269 $75,600 $76,800 0.97 $112,600 0.70 $76,914 1.26
Service Other Travel & Transportation 19 $375,000 $495,000 0.81 $580,500 0.63 $200,000 2.12
Service Passenger Transportation 9 $199,000 $203,500 0.96 $281,631 0.59 $106,886 2.42
Service Pet Care & Grooming 68 $112,500 $125,000 0.87 $230,728 0.76 $64,329 2.16
Service Social Services 2 $960,500 $1,050,000 0.89 $1,191,807 0.85 $319,145 3.04
Service Storage & Warehousing 19 $650,000 $750,000 0.95 $2,344,680 0.54 $238,000 3.02
Service Travel Agencies 13 $227,500 $255,000 0.95 $293,000 0.62 $123,500 2.34
Wholesale Wholesale-Durable Goods 58 $489,400 $547,500 0.89 $1,491,490 0.57 $225,553 2.61
Wholesale Wholesale-Nondurable Goods 74 $170,000 $179,000 0.93 $441,329 0.53 $84,769 2.27
Non-classifiable Establishments Non-classifiable Establishments 2 $925,000 $1,050,000 0.88 $1,272,903 0.73 $276,164 3.35

Source: Small business transactions reported on BizBuySell.com during 2016

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