A Closer Look at 2017 Q1 Small Business Data
BizbuySell Insight found the sale of small businesses were up 29% from the first quarter of 2016. They also reported that these sold businesses grossed an 8.4% increase in median revenue from 2016 Q1. Median cash flow for these same businesses was also up 6.6% from the year before. These are the highest totals of key financial indicators that BizBuySell has recorded since they began tracking in 2007!
2017 Q1 data shows that the positive trend in the sale of businesses and their increased financials mirror the improving U.S. economy and stock market. According to Bob House, the president of BizBuySell, “A strong supply of attractive listings and qualified buyers, and an administration looking to reduce costs for small businesses should fuel the market over the upcoming months.”
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