BizBuySell.com has released its latest economic data for the Third Quarter of 2010. The company's data, which tracks trends in the business-for-sale marketplace, suggests that the business-for-sale market has bottomed out, but a recovery will still be slow in coming.
The number of closed transactions reported to BizBuySell.com in Third Quarter 2010 was 1,117, exactly equal to 1,117 reported for this same time period a year ago.
These numbers indicate that the business-for-sale market has flat-lined, with earlier signs of recovery stalling out in the second half of this year. Although we do see a slight 1% increase compared to the 1,106 closed transactions reported for Q2 of 2010, the market is still down considerably from previous years. Notably, the number of closed transactions reported is 47% lower than the high of 2,098 reported to BizBuySell.com in Q2 2008.
The biggest problem remains a lack of available credit for small business acquisitions, which continues to make life tough for business brokers and business owners looking to sell. A recent BizBuySell.com survey of the nation's business brokers revealed that 49% of brokers see the lack of capital availability as the primary cause of the decline in transaction volumes.
1 comment:
Florida Business Exchange is still experiencing very strong sales in 2010. We are on pace to finish with our second best year in the past decade and have added 4 new deals into escrow already this month.
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