Q1 2009 Business Valuations in Joliet-IL, IL

According to statistics issued by BizBuySell.com, Joliet-IL business-for-sale listings in had a median asking price of $0.

That compares to a median ask price of $0 in . In spite of the difficult economy, Joliet-IL, IL business valuations appear to be relatively stable.

Please understand that this is the median asking price for a business. If you want to buy a business, you may be able to buy a Joliet-IL company for much less. However, some Joliet-IL businesses may be selling for much more.

Also, this is the asking price for a Joliet-IL business. When a business owner lists a business for sale, they typically set a price that ends up being more than the eventual sale price. A sale-to-ask ratio typically might be between 0.85 and 0.90, but of course it varies considerably. So, a business listed for $100,000 might sell for between $85,000 and $90,000.

Number of Joliet-IL Businesses for Sale in the Dataset

The study data comprised listings in the metro area. As such, some of the businesses used to derive the median valuation might be outside of Joliet-IL, but they are close by and so are probably representative of Joliet-IL business valuations.

One year ago, in , the BizBuySell.com dataset for Joliet-IL spanned listings. In a market where you would think fewer business owners would be selling it's a bit surprising to see see the same number of Joliet-IL business-for-sale listings.

Joliet-IL, IL Q1 2009 Revenue Multiples

In the metro area, businesses will typically sell for 0.00 times the selling company's revenues. The data indicates that is the mean revenue multiple for in this metro area.

In other words, a firm with revenues of $200,000 might list for $0. Keep in mind that this is just an average for revenue multiples in Joliet-IL and surrounding communities. Some firms will have higher revenue multiples and others will have lower revenue multiples.

According to BizBuySell.com, the median revenues for its business-for-sale listings was $0 in .

To put this in perspective, the revenue multiple was 0.00 and the median revenue for listed businesses was $0.

Q1 2009 Cash Flow Multiples In Joliet-IL, IL

Cash flow multiples are another common way to value a business.

For , the average cash flow multiple for businesses listed in the metro area was 0.00.

So, a company with cash flows of $150,000 might have an asking price of $0. That's only if the firm complies with the local average. Most businesses will not conform to industry- or area averages.

If you are interested in what cash flows are for a business in Joliet-IL, BizBuySell.com found that the median cash flow for Joliet-IL area businesses was $0 in . In , cash flow multiples clocked in at 0.00 and the median cash flow was $0.

Things to Consider When Selling a Business in Joliet-IL, IL

When selling a business, think about how dependent the business is on you as the business owner. If the business is heavily dependent on your skills and your personal reputation, a buyer will pay less money for it. As such, it's important to make the business less dependent on you as you approach the time when you hope to sell. This advice on how to sell a company comes from Domenic Rinaldi, managing partner of Chicagoland Sunbelt, a leading business brokerage firm.

Business Valuations for Joliet-IL, IL Businesses

If you are contemplating buying a business or selling a business and would like to look at comparables in the area, we suggest you try the BizBuySell.com Business Valuation Tool. You can modify the dataset that creates business valuation estimates to meet your specific criteria. As a bonus, access to the tool is very affordable -- less than $100.

More Information on BizBuySell.com's Quarterly Reports

The BizBuySell Insight Report is a nationally-recognized economic report that tracks trends in the business-for-sale marketplace. If you find these trends interesting, take a moment to visit BizBuySell.com Insights Report for more information.

Members of the media who are looking for subject matter experts on selling a business, buying a business, valuing a business and other related topics should contact Frank Krolicki of PR firm Walker Sands Communications at 312-546-4127. Frank can facilitate interviews with the appropriate contacts at both BizBuySell.com and Chicagoland Sunbelt.

Historical Data for Joliet-IL, IL Business Valuations

If you are interested in trends in business-for-sale asking prices, here are the median asking prices for businesses in the metro area for the last 9 quarters.

Here is how median revenue multiples are tracking in the Joliet-IL area, based on BizBuySell.com's quarterly reports.

Here is how cash flow multiples are trending in the Joliet-IL area, based on BizBuySell.com's quarterly reports.