Small business acquisitions decreased by 3% during the second quarter of 2022 while the median sale price slipped 9% below the previous quarter, a drop from $345,000 to $315,000.
Sales of Businesses Slowing Due to Rate Hikes and Inflation
The acquisitions figure is less of a worry as it is still a gain of 14% year-on-year which indicates that a strong market is navigating the economic fluctuations well enough. The median sale price also seems quite a big drop-off, but it is still just 2% below last year’s median sale price of $320,000, according to data from the BizBuySell Insight Report which tracks and analyzes business-for-sale transactions as well as the sentiment of business owners, buyers, and brokers.
