WASHINGTON, March 10, 2016 /PRNewswire/ -- SCORE, – www.score.org – the nation's largest network of volunteer, expert business mentors, has gathered statistics on buying and selling small businesses that show a solid economy for both business buyers and sellers.
Sales of small businesses have been stable since 2013, following a major increase from 2012.
In 2015, 7,222 businesses were sold.
In 2014, 7,494 businesses were sold.
In 2013, 7,056 businesses were sold.
In 2012, 4,730 businesses were sold.
Small business prices are rising.
In 2015, the average asking price was $225,000 with a sales price of $199,000.
In 2012, the median asking price was $187,000 with a sales price of $164,000.
The most expensive businesses are Internet B2B companies, which sell for $364,400 on average.
The least expensive businesses are beauty salons and barber shops, which sell for $75,000 on average.
Tips on buying a small business:
Invest less than 15% of your net worth.
Keep at least 10% of liquid assets free for future business needs.
Expect to pay 20%-40% of business costs out-of-pocket.