Businesses drop asking prices

Businesses drop asking prices

1210_ATS04

Portland Metro business owners have been slashing asking prices when selling their companies, even though their revenues have been about the same for the past couple years. In third-quarter 2010, the median asking price for 146 Portland-area businesses listed at the website BizBuySell.com was $249,750, down 14.5% from the third quarter of 2009. The median annual revenue of the small businesses on the market was  $433,275, only a tiny 0.8% decline from third quarter 2009. Median cash flow fell 8.3%.

BRANDON SAWYER