12 May Around the Web: A Week in Summary
The following information has been sourced by Business Brokerage Press for the benefit of the business brokerage community. The views of these articles do not necessarily represent the views of Business Brokerage Press. We hope you find this information helpful.
A recent article from Viking Mergers & Acquisitions entitled “SBA Issues Change Of Conditions For A Seller Note” discusses recent changes the SBA has made for seller notes and what that means for buyers and sellers.
One key change is if the Seller Note is on Full Standby for 24 months, it can be considered part of the Buyers Equity Injection (aka Down Payment) requirement. The SBA is also now allowing partial buy-ins where the buyer purchases less than 100% of the business.
This is very helpful for sellers with intellectual property or licensing that is not easily transferrable. This may also impact discretionary cash flow calculations if the owner salary will not be going away.
Click here to read the full article.
A recent article from BizBuySell entitled “New Feature: Search Business For Sale Listings by Metro Area” explores a new feature that BizBuySell has recently rolled out. This will be helpful for those searching for businesses in a certain geographic area.
Previously, search functions included city, county and state. Now, you can search by metro area as well. This gives greater flexibility in finding a business for sale in the area you are interested in. Approximately 175 metros areas are now available for search.
Click here to read the full article.
A recent article from Transworld Business Advisors entitled “2023 Main Street Market Report” explores Transworld’s small business transaction activity for 2022. The highlights include:
- Average deal value increased 27% year over year
- Number of sales listings increased 24% year over year
- Median deal value increased 43% year over year
- Average listing price increased 23% year over year
- Primary driver of business sales is baby boomers
- Decrease in days on the market by 6%
