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|Thursday, May 09, 2013|
BY BRANDON SAWYER | OB RESEARCH EDITOR
Much like residential real estate that finally seems to be regaining ground lost during the recession, sales of businesses are also seeing modest improvement according to data from BizBuySell.com, the largest online marketplace of businesses for sale.
Nationally, small business sales increased 56% in the first quarter of 2013 compared to the same quarter last year, achieving the most sales since the second quarter of 2008. The Portland Metro area is lagging that trend with just an 8% increase in business listings in the first quarter, from 147 in 2012 to 159 in 2013. Other Portland statistics are more promising: Among those listed businesses, the median asking price rose 15% from $195K to $225K; median annual revenue increased 10% from $378K to $415K; and median cash flow grew 7% from $85K to $91K.
This follows years of stagnation for small business owners looking for an exit. Potential buyers were also unable to get a loan or with capital diminished by stock market woes. In 2012, the number of completed business sales in Portland via BizBuySell.com increased to 67, 18% higher than five years prior. However, the median sale price fell to $150K from $185K in 2008, a 19% drop, and median revenue for the businesses sold fell to $337K from $355K. Yet, while prices dropped, the gap between asking price and sale price narrowed.
Among the 67 Portland-area businesses sold in 2012, 25 were in the service industry, 20 were retailers, 15 were restaurants, 4 were manufacturers and 3 were in other industries. Manufacturers fetched the highest median price, $490K while retailers got the lowest, $100K.
If business financials continue to improve along with investor confidence and market stability, activity between buyers and sellers of businesses could pick up further in 2013. Business brokers are cautiously optimistic according to BizBuySell.com. More than half of them expected "slight to significant improvement" in a survey it conducted last year.
Research editor Brandon Sawyer digs heaps of data about privately-held and public companies, economics and industries.
Tuesday, February 25, 2014
BY LINDA BAKER
Les Schwab has put a premium on customer service since 1952, when legendary namesake Les Schwab founded the company with one store in Prineville. (Schwab died in 2007.) But if the corporate principles remain essentially the same, the world around this iconic Oregon business has changed dramatically.
Thursday, April 10, 2014
BY JESSICA RIDGWAY | OB WEB EDITOR
SEMpdx hosted a workshop this week for entrepreneurs, website developers and others interested in search engine optimization (SEO). Here are a few tips and tricks aimed at bumping up your search engine rankings.
Tuesday, March 11, 2014
BY MARK BLAINE | OB BLOGGER
The publisher of the Emerald Media Group moves on, leaving a cutting edge media group that depends on business acumen for its survival.
Thursday, March 20, 2014
BY JASON NORRIS | GUEST BLOGGER
I don’t think anyone can (or should) remember what it was like to get things done without the internet. This milestone in technology has certainly benefited brick-and-mortar companies and subsequently launched a new era of businesses.
Tuesday, February 25, 2014
BY SOPHIA BENNETT
The coastal town of Coos Bay appears poised to land every economic development director’s dream: a single employer that will bring hundreds of family-wage jobs and millions in tax revenue.
Thursday, April 17, 2014
BY JASON NORRIS | OB BLOGGER
The “polar vortex” of 2014 seems to have finally thawed and we believe this change in weather will bring more sunshine to the U.S. economy as well.
Tuesday, February 25, 2014
In this issue, we celebrate our 21st annual 100 Best Companies to Work For in Oregon project.
|How Doug Badger spends his downtime|
|Port at a crossroads|
|Our man in Congress|
|100 Best awards 2014|
|GM recalls affect profits|
|Science confirms paper money covered with infectious bacteria|
|First lady announces jobs website for veterans|
|Amazon signs deal with HBO|
|McDonald's U.S. Q1 profits decline|
|Americans question Big Bang theory |
|Skin cancer rates 'surge' since 1970s|
Marketing the state brings new business, new jobs and a better quality of life for everyone.
Living in the beautiful Pacific Northwest means enjoying our wonderful surroundings, while remaining aware of the multiple types of natural disaster threats that we face: winter storms, windstorms, floods, landslides, earthquakes, volcanoes and tsunamis.“
Oregon State University's hospitality degree program invests in next-generation leaders.
On Saturday, April 26, more than 1,900 local Comcast employees and their families, friends and community partners will “make change happen” as they volunteer to improve schools and nonprofits in Oregon and Southwest Washington as part of Comcast’s 13th Comcast Cares Day.
NAI Norris, Beggs & Simpson just completed their newly rebranded First Quarter Market Reports. Not only does it feature a brand new format, but the report ensures accuracy due to the annual truing up of their database.
Samuel Hernandez, an Associate at Barran Liebman, is the recipient of a 2014 Oregon State Bar Litigation Section Rising Litigator Award.