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A record number of small business owners sold their business in 2016

According to the Washington Post, a record number of small business owners saw a growth in revenue (by 5.2 percent) and cash flow (by 5.4 percent) in 2016.  With the steady increase and record number in sales, many small business owners decided it was the perfect time to sell their companies.  In addition to increased sales and cash, low interest rates and a favorable financing environment were other factors small business owners used in company selling projections.

Bob House, President of BizBuySell.com, spoke about the record number of business sells. “After several years of strong business-for-sale activity, it is great to see even more growth in 2016. Not only are more small businesses changing hands, but healthier businesses put the new owners in a great position for continued success. This bodes well for the market, but also points to a bright future for small businesses overall.”

Source: https://www.washingtonpost.com/news/on-small-business/wp/2017/01/13/a-record-number-of-small-business-owners-are-selling-their-companies/?utm_term=.62da2eafffa7

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