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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.
Wednesday, June 03, 2015
As part of our green workplaces story, Oregon Business checked out a community service project undertaken by Portland Youth Builders, a nonprofit alternative high school. In partnership with Whole Foods, PYB built garden boxes for a Home Forward housing site. Home Forward is a government agency that provides housing for low income residents and people with disabilities.
Friday, May 08, 2015
BY CHRIS NOBLE | PHOTOS BY JASON E. KAPLAN
Hagfish may not have evolved much over the last 300 million years, but their protein-heavy slime promises advances in super-materials.
Friday, May 22, 2015
BY LINDA BAKER | EDITOR
Roy Kaufmann always lands on his feet.
Wednesday, June 24, 2015
One year after he was appointed chair of the Portland Development Commission, Tom Kelly talks about PDC's longevity, Neil Kelly's comeback and his new role as Portlandia's landlord.
Friday, May 22, 2015
BY AMY MILSHTEIN
Floor plans embrace the great wide open.
Tuesday, June 23, 2015
Oregon’s new marijuana law is expected to lead to a bevy of new business opportunities for the state. And not just for growers. Law firms, HR consultants, energy efficiency companies and many others are expected to benefit from the decriminalization of pot, according to panelists at an Oregon Business breakfast meeting on Tuesday.
Thursday, June 25, 2015
An international architecture firm known for its design of the National September 11 Memorial Museum Pavilion in New York unveiled its plan this week for a modern indoor/outdoor food market at the foot of the Morrison Bridge in downtown Portland.
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Oregon-based Environments helps companies create inspired workspaces. “Simply put, we help companies future-proof their workspaces,” says Chris Corrado, president. Since 1988,Environments has witnessed firsthand the changing landscape of business. Native Portlander and Environments founder Corrado says, “We help our clients navigate the complex realities of the workplace today and plan for their future in a very mindful, strategic way. We think of ourselves as their partners in the process.”
One hundred years ago, the Willamette River might easily have been mistaken for a sewer. Unchecked industrial activity and decades of pollution made it unrecognizable compared to the clean river that now flows north for 187 miles from Eugene through the center of Portland.
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