A question on the top of every business owner’s mind is, “how much is my business worth?”
With season end approaching, I thought this would be a good time to update you on accounting business sales throughout Florida and give you some data regarding sales and pricing. Here are some numbers for you to ponder:
7 = the number of accounting businesses sold in the last twelve months by the Business Broker of Florida Association members.
$81,788 = the average revenue of the 7 sold accounting businesses.
$58,333 = the average sold price of the 7 sold accounting businesses.
$45,334= the average owner benefit generated in each sold accounting business.
0.713 = the revenue multiple (sold price divided by revenue) of the 7 sold accounting businesses.
1.29 = the owner benefit multiple (sold price divided by owner benefit) of the 7 sold accounting businesses.
58% = the average percentage down payment of the 7 sold accounting businesses.
183 = the average number of days on the market of the 7 sold accounting businesses.
What does this mean?
In spite of a more conservative and cash strapped buying clientele, they are still selling quickly compared to many other industries. If you have been contemplating selling your accounting business, now is a great time! Please contact me for a no obligation discussion.
Contact info:
Eric J. Gall
Florida Business Exchange, Inc.
FBX Advisors - Fort Myers-Naples
Phone: 239.738.6227
My Website:
www.BuySellFLbiz.com
FBX Website:
www.fbxbrokers.com
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