According to BizBuySell.com, the second quarter of 2018 saw a record number of businesses changing hands, with a third being bought by non natural born citizens.  “So far this year, 5,383 businesses were sold, and this number is projected to pass the 9,919 transactions made in 2017. BizBuySell says a 6.7% growth rate in the second quarter will translate to the highest number of transactions of any year since the company started monitoring in 2007.”

The reason for such big swings are two fold.  For one, many baby boomers are selling their businesses due to old age and a wish to transition life styles.  Another big reason is due to a strong economy which has boosted the median sales amount.  “The majority of new buyers are under 50 years old, with 65% identifying themselves as Caucasian, a drop from 71%.”  Women in particular are leading the charge as for example in “the African American segment, the number of women is twice as high compared to men.”

2017 will most likely be a historic affair with the median revenue for businesses sitting at $526,048, a 7.4% increase from 2017. “The high overall price for businesses increased the median sales price to $239,000 a 4.4% jump.”

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