Biz Roundup: BizBuySell report shows sales slowing
Published 12:00 am Sunday, November 3, 2019
CHARLOTTE – BizBuySell’s recent insight report shows that nationally, small business sales are slowing slightly as tariffs and the 2020 election cause uncertainty.
The number of businesses sold has dropped 8.6% compared to this time last year, likely because business valuation becomes increasingly difficult when having to consider increased costs because of tariffs with an unknown duration, according to the report.
BizBuySell.com reports the median asking price for businesses for sale in Charlotte for the third quarter was $289,900, compared to $275,000 at the halfway mark of 2018.
Businesses listed in Charlotte had a median revenue of $508,202, down from $511,829 at this time in 2018. The median cash flow for Charlotte businesses is $120,145.