Business

Small business sales up in first quarter, report says

ndahlberg@miamiherald.com

The first quarter of 2016 saw the highest number of small businesses listed for sale since 2009, according to a report by BizBuySell.com, the San Francisco-based business-for-sale marketplace. Its Insight Report also provides data for the Miami-Fort Lauderdale area.

In South Florida, the median asking price of 1,704 businesses listed for sale in the first quarter was $250,000, the report said. Businesses listed in the Miami-Fort Lauderdale area had median revenue of $418,750, up from $380,000 in Q1 of 2015. Of the 124 closed transactions in the first quarter, the median selling price was $170,000 and on average the businesses were fetching 93 percent of the asking price. These companies had a median revenue of 326,689, the report said.

Nationally, 1,840 closed transactions were reported in the first quarter, only a slight increase from the 1,830 transactions in the first quarter of 2015 but with higher revenue and cash flow.

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