Small Business Acquisitions Up over Q1

Per the BizBuySell website small business acquisitions are up over Q1. “Small business acquisitions reached a familiar milestone in the second quarter after growing 5% over the past year and 3% from last quarter, according to BizBuySell’s Insight Data, which tracks and analyzes U.S. business-for-sale transaction and sentiment from business owners, buyers, and brokers. A total of 2,448 businesses were reported as sold in the second quarter of 2024, representing an enterprise value of $1.9 billion, which is 20% higher than the same time last year. After falling 13% in 2022 amid rising interest rates and red-hot inflation, transaction volume has made a strong rebound and now matches 2019’s pre-pandemic levels. At the same time, demand has pushed the median sale price up 25% year-over-year to a record high of $375,000, as buyers continue to focus on businesses with strong financial performance. The median revenue of businesses sold in Q2 2024 grew 4% year-over-year and median cash flow grew 7%, respectively.” Read more here: https://www.bizbuysell.com/insight-report/