The growth in small business sales that we witnessed in 2013 is continuing to hold strong, with a great first quarter in 2014. In fact, this marks the fifth consecutive quarter with small business sales reaching pre-recession levels, as reported recently by the Denver Business Journal.
According to BizBuySell, more than 1,700 sales closed in Q1 2014. During 2009 and 2010, transactions averaged little more than 1,100 per quarter. But since the beginning of 2013, transactions have held well over the 1,600 mark each quarter. That’s a number that hadn’t been reached since before the recession in 2008.
While small business sales continue to remain strong, it remains a great time for buyers as well. In the middle market and lower-middle market, we continue to see a low-pressure environment with cash-rich institutional buyers and low cost financing. This has meant relatively inexpensive transactions for buyers.
To read the Denver Business Journal’s report, please click here.