ABQ’s Active Business Listings Up

A record number of businesses were sold in 2016— and there was good news for ABQ too.

Across the country, there were a record number of small businesses bought and sold in 2016, and that trend carried over to the Albuquerque area.

According to BizBuySell.com, which bills itself as the largest online business-for-sale marketplace, small business transactions in the fourth quarter in the U.S. reached the highest levels since BizBuySell first started tracking data in 2007 — with 7,842 transactions reported, an 8.6 percent increase from last year.

The site also reported a 17.6 percent year-over-year increase in transactions over the final three months of last year helped achieve 2016's record. The site said the median revenue of sold businesses, which increased 8.6 percent year-over-year to $500,250, was the highest since BizBuySell first started tracking the data in 2007.

"Median revenues and cash flows trended upwards in 2016, likely enticing more buyers into the market, spurring transactions," said Bob House, president of BizBuySell, in a statement.

In Albuquerque, the number of active business listings is up 12.5 percent year-over-year, with 62 active business listings, according to BizBuySell.com, up from 45 active businesses listed last quarter.

The median asking price for businesses for sale in Albuquerque on BizBuySell was also up nearly $63,000 from the last quarter at $357,000. These businesses had a median revenue of $945,118 and a median cash flow of $143,294, both amounts also up from last quarter.

In Albuquerque, there are nine businesses listed for $1 million or more.

"Albuquerque ended the last quarter of 2016 with a 35 percent uptick in business listings," House said. "In addition, these business listings boasted higher median revenues and cash flows, indicating there's still a strong supply of healthy businesses available for interested buyers. A steady supply will likely persist as more Baby Boomers look to exit small business ownership for retirement and capitalize on the strong market." Click here to read the full article.