Summary
New Jersey small-business owners who are looking to sell their companies are asking a median $250,000, down from $275,000 at the same time last year, according to BizBuySell.com, an online marketplace. The company said business owners are becoming more realistic about the value of their enterprises in a slow economy.
Nationally, small businesses sold for prices averaging 60 percent of annual revenue during the third quarter of 2011, down almost 11 percent from the same quarter last year.See the full content of this document
Extract
Asking Prices for Small N.J. Firms Fall
"Business owners who may have been holding out for an economic recovery o...
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