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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.
Friday, March 27, 2015
BY OB STAFF
New events series brings magazine to life.
Thursday, March 26, 2015
BY JACOB PALMER
Power lunching at the Court Street Dairy Lunch in Salem.
Thursday, April 02, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
Are mornings the most productive part of the day? We ask five successful executives how they get off to a good start.
Friday, February 27, 2015
BY OB STAFF
The 100 Best list recognizes large, medium and small companies for excellence in work environment, management and communications, decision-making and trust, career development and learning, and benefits and compensation.
Friday, February 20, 2015
BY LINDA BAKER | OB EDITOR
Vacasa may lack the name recognition of Airbnb. But not for long.
Thursday, February 26, 2015
BY KIM MOORE | OB RESEARCH EDITOR
Employment in Oregon is almost back up to prerecession levels — and employers are having to work harder to entice talented staff to join their ranks. This year’s 100 Best Companies to Work For in Oregon project showcases the kind of quality workplaces that foster happy employees.
Friday, March 27, 2015
BY AMY MILSHTEIN
As baby boomers sell their businesses, too many forget the all-important succession plan.
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A new report highlights how Oregon bankers are giving back to their communities.
Since 1932 Tidewater Transportation & Terminals (operating as Tidewater Barge Lines and Tidewater Terminal Company) has operated a multicommodity transportation and terminal company based in Vancouver, Washington. The friendly expression on the company’s shipping containers reflects the attitude of about 330 safety and community-conscious employees but belies how complicated the barge business really is.
The Port of The Dalles has run marine facilities since the 1930s, but they are part of a larger mission to strengthen the local economy. They focus on regional economic development with a strong bent toward adding good-paying jobs in high tech, manufacturing and other industries.
Providing attendees with unique taste of the Northwest Reception.
CFM Strategic Communications turns 25 this year and is celebrating with a revamped website, special events for firm alumni and clients, a special-label wine and a list of 25 stories about its client work over the past quarter century.
The Atkinson Graduate School of Management at Willamette University has maintained its business accreditation by AACSB International—The Association to Advance Collegiate Schools of Business.