Quarter Report: A Stable Market for Business Sales

Transcript

Andy and Jessica, your hosts, welcome you to another episode of The Deal Board Podcast. Today, they are talking about 2022 and what is going on now in the economy, and it’s all backed up by statistics that are certainly not surprising. Many people are talking about the recession and the economy declining, but inside the field of business sales, the market proves to be very stable. Andy and Jessica are addressing a business economic report discussing the battle between inflation and interest rates.

Listing of the week:

– Mike Shea (Florida) is selling a business in the automotive industry; it is dedicated to repairing and beautifying cars’ beams. It has 65 commercial customers. Perfect books and records. The business makes $365,000 in sales and $172,000 are in cash. The listing price is $279,000 with seller and SBA financing as well. There is no competition for a business like this. Call Mike at (321) 287-0349 or email him at [email protected].

Key Takeaways

[4:14] The first quarter of 2023 is much better than expected. Andy and Jessica share the statistics.

[5:41] Jessica shares the results of the report done by BizBuySell.

[9:30] Jessica and Andy talk about high inflation and high-interest rates.

[10:50] Layoffs are a good thing when trying to sell your business.

[13:14] There has been an increase in the average listing price.

[17:07] The sales price went even higher than the listing price.

[17:59] Andy shares what these numbers tell us about the rest of 2023.

[19:30] Jessica shares the feedback from Live Oak Bank about this first quarter.

[21:56] Now is a great time to buy and sell.

[23:42] Deal of the week: Marc Lazarus (South Bergen) sold a large restaurant located in a very active area that had been in business for 35 years. The SDE is about $800,000, the listing price was $2 million and it was sold at that price.

[26:01] Jack Postregna (BayFirst Bank) Expert in SBA loans.

[27:25] Jack talks about what his 2022 was like and what he sees moving forward.

[28:43] Jack shares the impact the rise in the interest rates had on deals.

[30:54] Jack speaks of the changes on the SBA side.

[32:18] What is the best way for people to get into a deal? Variable rates? More downpayment?

[34:10] Is BayFirst Bank looking for sellers to get more involved in deals with seller financing?

[36:07] Has the equity injection changed?

[38:41] Andy shares one of his predictions regarding 2023.

[42:04] Everybody loves service-related businesses.

[45:15] Listing of the week: Mike Shea (Florida) is selling a business in the automotive industry; it is dedicated to repairing and beautifying cars’ beams. It has 65 commercial customers. Perfect books and records. The business makes $365,000 in sales and $172,000 are in cash. The listing price is $279,000 with seller and SBA financing as well.

Call us — (888) 719-9098

Email us at [email protected].

Email Marc Lazarus at [email protected] or call him at (201) 370-9600.

Call Jack Postregna at (727) 480-4281 or email him at [email protected].

Call Mike Shea at (321) 287-0349 or email him at [email protected].

Mentioned in This Episode

• The Deal Board Podcast
• Subscribe to The Deal Board Podcast YouTube Channel
• Transworld Business Advisors
• United Franchise Group
• The Deal Board on LinkedIn
• Transworld Business Advisors on LinkedIn
• BizBuySell Insight Report Data Tables