Small business transactions increased at record levels in 2014. According to BizBuysell, the buying and selling of small businesses increased over 6% in 2014, compared with 2013. This growth was attributed to a combination of improved small business financials, retiring Baby Boomers and an increase in the number of qualified buyers entering the market.Improved conditions also allowed sellers to ask for and receive more money for their businesses. Service businesses led the pack with 40% of recorded closed transactions in Q4 2014, followed by retail at 30% and restaurants at 22%.
“BizBuySell.com the Internet’s largest business-for-sale marketplace, reported today that small business transactions reached record levels in 2014 as brokers reported the highest number of businesses changing hands since BizBuySell started tracking data in 2007. The full results are included in BizBuySell.com’s 2014 Insight Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide.”
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