Each quarter, BizBuySell, the Internet’s largest business-for-sale marketplace, analyzes sales and listing prices of small businesses across the United States. Business transactions reached record levels in 2014, the highest number of businesses changing hands since BizBuySell started tracking data in 2007. The full results are included in BizBuySell’s 2014 Insight Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide.
The increase in volume of small business transactions over the past year can be attributed to a number of factors. BizBuySell’s December survey of business brokers attributed this growth to an increase in the number of qualified buyers as the top driver of growth. Moreover, 78 percent of business brokers surveyed attributed at least 25 percent of their closed transactions to retiring Baby Boomers.
Most popular businesses changing hands are restaurants and food serving businesses, followed by convenience stores, liquor stores and supermarkets. The Los Angeles-Long Beach-Santa Ana Metro led the pack with the highest number of transactions, followed by the New York-Northern New Jersey-Long Island Metro and then Miami-Fort Lauderdale Metro.