Every quarter, BizBuySell.com published business valuation data, and we now have their latest New York-NY, New York business-for-sale statistics.
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New York-NY, NY Q1 2009 Business Valuations
According to statistics issued by BizBuySell.com, New York-NY 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, New York-NY, NY 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 New York-NY company for much less. Similarly, some New York-NY businesses may be selling for much more.
Another thing to remember is that this is the asking price for a New York-NY business. When a small 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 depends on deal specifics. So, a business listed for $100,000 might sell for between $85,000 and $90,000.
Number of New York-NY 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 New York-NY, but they are close by and so are probably representative of New York-NY business valuations.
One year ago, in , the BizBuySell.com dataset for New York-NY spanned listings. In a market where you would think fewer business owners would be selling, it's a bit surprising to see the same number of New York-NY business-for-sale listings.
Q1 2009 Revenue Multiples In New York-NY, NY
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 area of the country.
In other words, a business that has revenues of $200,000 might list for $0. Remember, however, that this is just an average for revenue multiples in the area. Some companies 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 New York-NY, NY
Cash flow multiples are another common way to value a business.
For , the average cash flow multiple for listed businesses in the metro area was 0.00.
So, a firm with cash flows of $150,000 might have an asking price of $0. That's only if the firm complies with the local average. Actual cash flow multiples are based on business specifics.
In case you were wondering what typical cash flows are for a business in New York-NY, BizBuySell.com reports that the median cash flow for New York-NY area businesses was $0 in . In , cash flow multiples clocked in at 0.00 and the median cash flow was $0.
Tips for New York-NY, NY Business Sellers
When setting a price for a business, it's worthwhile to invest in a professional valuation. If you define the business selling price without a professional valuation, you may end up leaving money on the table or having an unrealistic price that prevents a deal from ever getting done. This helpful tip on buying a business comes from Domenic Rinaldi, managing partner of Chicagoland Sunbelt, a leading business brokerage firm.
Business Valuations for New York-NY, NY 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 additional 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 New York-NY, NY 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 trending in the New York-NY area, based on BizBuySell.com's quarterly reports.
Here is how cash flow multiples are trending in the New York-NY area, based on BizBuySell.com's quarterly reports.
Quarter |
Median Cash
Flow Multiple |
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