September 19, 2020  
 
  Articles for Entrepreneurs  
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Q3 2009 Business Valuation Data

 

 

Sell My Bridgeport, CT Business

We just received the latest Bridgeport, Connecticut business-for-sale statistics.

Median Ask Prices for Bridgeport, CT Businesses

If you are interested in trends in business-for-sale asking prices, here are the median asking prices for companies in the Bridgeport-Stamford-Norwalk, CT metro area for the last 11 quarters.

Quarter

Median Ask

Q1 2007

$265,000

Q2 2007

$211,000

Q3 2007

$229,000

Q4 2007

$225,000

Q1 2008

$227,000

Q2 2008

$239,500

Q3 2008

$249,998

Q4 2008

$255,000

Q1 2009

$250,000

Q2 2009

$265,000

Q3 2009

$255,000

As you can see from the chart above, Bridgeport business-for-sale listings in Q3 2009 had a median asking price of $255,000.

That compares to a median ask price of $249,998 in Q3 2008. Because the median ask price for businesses for sale in Bridgeport has risen year over year, we can conclude that many smaller firms in Bridgeport are holding off on selling.

Revenue Multiples for Bridgeport, CT Businesses

Here is how median revenue multiples are trending in the Bridgeport area, based on BizBuySell.com's quarterly reports.

Quarter

Revenue Multiple

Q1 2007

0.79

Q2 2007

0.65

Q3 2007

0.64

Q4 2007

0.71

Q1 2008

0.66

Q2 2008

0.71

Q3 2008

0.73

Q4 2008

0.77

Q1 2009

0.85

Q2 2009

0.84

Q3 2009

0.86

In the Bridgeport-Stamford-Norwalk, CT metro area, businesses will typically sell for 0.86 times the selling company's revenues. As shown in the chart above, that was the mean revenue multiple for Q3 2009 in this metro area.

In other words, a business that has revenues of $150,000 might list for $128,918. Remember, however, that this is just an average for revenue multiples in the area. Some firms will have higher revenue multiples and others will have lower revenue multiples.

According to BizBuySell.com, the median revenues for its Bridgeport business-for-sale listings was $416,000 in Q3 2009.

In terms of trending year over year, the Q3 2008 revenue multiple was 0.73 and the median revenue for listed Bridgeport businesses was $400,720.

Cash Flow Multiples for Bridgeport, CT Businesses

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

Quarter

Median Cash
Flow Multiple

Q1 2007

3.26

Q2 2007

2.76

Q3 2007

2.49

Q4 2007

2.60

Q1 2008

2.66

Q2 2008

2.80

Q3 2008

2.79

Q4 2008

2.92

Q1 2009

3.21

Q2 2009

3.12

Q3 2009

2.93

As you probably know, cash flow multiples are another common way to value a business.

For Q3 2009, the average cash flow multiple for businesses listed in the Bridgeport-Stamford-Norwalk, CT metro area was 2.93.

So, a company with cash flows of $110,000 might list for $322,226. That calculation is dependent on the business selling for the area's average multiple. Most businesses will not conform to industry- or area averages.

If you are interested in what cash flows are for a business in Bridgeport, BizBuySell.com found that the median cash flow for Bridgeport area businesses was $100,000 in Q3 2009. In Q3 2008, Bridgeport cash flow multiples averaged 2.79 and the median cash flow was $98,080.

Number of Bridgeport Businesses for Sale in the Dataset

The study data comprised 151 listings in the Bridgeport-Stamford-Norwalk, CT metro area. Many of the businesses in the dataset are outside of Bridgeport, but they are close by and so are likely representative of Bridgeport business valuations.

One year ago, in Q3 2008, the BizBuySell.com dataset for Bridgeport spanned 194 listings. The downward trend in the number of Bridgeport business-for-sale listings is indicative of the current down economy.

Should I Sell My Bridgeport, CT Business Now?

With the right plan and the right advisors, now might be a great time to exit the business. Credit is easing up and the SBA recently liftened some burdensome caps on goodwill financing. Start now, take the time to do it right, and you'll be able to find a buyer with a price that's right for you. 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 Bridgeport, CT Businesses

If you are contemplating buying a business or selling a business and would like to look at completed transaction sale price comparables in the area, we recommend the BizBuySell.com Business Valuation Tool. Based on your specific criteria, you can modify the company dataset that creates business valuation estimates. Access to the tool is very reasonable -- costing less than $100.

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.

 

 

 

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