MARKET UPDATE 2016 2Q. Main Street transactions (enterprise values $0-2 million) in the first half of 2016 represents an increase from not only last year, but from the record-setting 2014 as well, according to BizBuySell’s Q2 2016 Insight Report. Key financials of those businesses sold in 2016 remain on par with those reported sold in 2015. Small businesses sold in Q2 2016 reported a median of 178 days on market, a slight improvement from the 188 days in the previous quarter but an 8% increase from the prior year of 163 days.
According to the Market Pulse Quarterly Survey Report, Main Street businesses sold for approximately 92.5% of their asking price in Q2 2016. This reflects a slight improvement for businesses valued at less than $500,000. Meanwhile, businesses in the lower middle market ($2 million to $50 million) received 98% of the internal benchmark set by the advisor and seller.