Ohio business values experience substantial increase

July 18 2013

The summer months tend to see a lot of new businesses popping up. The weather is nice, new college graduates are looking to make a name for themselves and entrepreneurial spirit is in the air. This dates all the way back to younger days when kids set up lemonade stands on the corner to start making some extra money.

According to an article from the Columbus Business First, the small business arena in Ohio is starting to strengthen. The piece cites a new report from BizBuySell, that tracks the asking price of companies that are currently up for sale.

The study shows that median the asking price for businesses in Ohio during the second quarter of 2013 is up 8 percent year-on-year to $244,000. On average the annual revenue of companies listed for sale is $516,813, which is up 14 percent from last year and cash flow is up 20 percent to $104,168.

While those increases are nice, it does show that former buyer's market is starting to turn into a seller's one.

"Small-business owners are growing more confident in the sellability of their business as these financial numbers continue to improve and it's showing in both their asking and final sale price," Curtis Kroeker, group general manager of BizBuySell said in the report.