Record Number of Small Businesses Were Bought & Sold in America in 2016; Trump’s Election Spurs Optimism Among Small Business Owners According to BizBuySell.com Report
BizBuySell.com’s Fourth Quarter 2016 Insight Report shows small business transactions continue to reach new highs as growing financials make for a hot market
San Francisco, CA – Bizbuysell, the Internet’s largest business for sale marketplace, reported today that annual small business transactions reached record levels in 2016, topping 2015’s totals by 8.6 percent and 2014’s previous high by 4.6 percent. The full results are included in BizBuySell’s annual and Q4 2016 Insight Report, which aggregates statistics from business-for-sale transactions reported by participating business brokers nationwide.
A total of 7,842 closed transactions were reported in 2016, the highest yearly total of small business sales since BizBuySell first started tracking data in 2007. This total confirms the positive assessment of the 2016 small business market by business brokers as recorded in BizBuySell’s December survey. According to the survey, 63 percent of respondents experienced more deals in 2016 than in 2015. Primary factors for the reported growth include an improving small business environment, more owners looking to sell, more qualified buyers on the market and better financing options.