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Record numbers of small businesses changed hands in 2018, according to the latest BizBuySell Insight Report. The report aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide. A total of 10,312 businesses were reported sold in 2018, the most since BizBuySell started collecting such data in 2007. This is a 4% increase over the previous record of 9,919 in 2017, and a 31% jump from 2016’s then high of 7,842.
BizBuySell also separately surveyed business brokers and small-business owners. Brokers said they saw similar increases, with 65% of respondents reporting that their transaction activity increased in 2018, while another 21% said it remained similar to 2017.
Asked why they believed the business-for-sale market has remained so hot, brokers credited an increasing number of buyers and sellers and the general improvement of the small-business environment. Small-business owners credited the same factors as the reason for transaction growth.
Other data in the report, which is replete with graphs, include:
For more information, comments by survey participants, and detailed graphs and tables, visit this BizBuySell web page.