Business & Real Estate

Sales of Sacramento small businesses up in third quarter

The median asking price of small- and medium-size businesses for sale in the Sacramento area during this year’s third quarter was $225,000, according to San Francisco-based BizBuySell.com.

That was up from $217,000 in this year’s second quarter and a significant improvement over $200,000 in the year-ago third quarter of 2013.

Third-quarter calculations were based on 196 Sacramento-area businesses listed on BizBuySell.com, an online marketplace of for-sale companies. The Sacramento statistics are based on listing data, not on completed sales.

BizBuySell officials call the current market a good one for sellers. They also pointed to the improved performance of for-sale businesses: Firms listed for sale in the third quarter had a median revenue of $429,517, up nearly 20 percent from $360,000 in the year-ago period.

In a statement, BizBuySell General Manager Bob House said, “There remains a strong supply of quality small businesses on the market. As the economy and financing options continue to improve, buyers remain very interested in acquiring small businesses.”

Nationally, there were 1,987 transactions on BizBuySell.com in the third quarter, up nearly 18 percent from last year and the highest number of third-quarter sales since BizBuySell began tracking data in 2007.

Call The Bee’s Mark Glover, (916) 321-1184.

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