October 2008

Buy now, sell now | Focus

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Buy now, sell now

by Ambika Puniani Bailey
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Everywhere you look, you probably see signs of the economic downturn that's plaguing the U.S. But if you look at the small-business sector, you'll see something of an anomaly: There's a boom in purchases of small businesses.

BizBuySell, an online business marketplace, recently released its quarterly report about national sales trends. The report shows a 48 percent increase in the number of small businesses listed on BizBuySell that sold during the first six months of 2008 compared with the same period in 2007.

According to the report, the median sale price for small businesses was $200,000 during 2008's second quarter, a $14,000 increase from the same period the previous year.

William Bruce, president of the American Business Brokers Association, told CNNMoney.com that this inverse trend small businesses are following during a down...

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