Depressing: median sale price/revenues is now 47%
If you’re thinking of selling your business in 2010…take care. Valuation multiples have definitely taken a fall over the past two to three years, and the newest data from Pratt’s Stats® shows no sign of the much-publicized “recovery:”
Year of Sale
Count
Median revenue
Median selling price
Median price/ sales multiple
Median price/ gross profit
2007
1,493
$844K
$419K
0.58
1.03
2008
1,626
$535K
$250K
0.52
0.88
2009
862
$483K
$207K
0.47
0.74
“It’s important to note that the above includes [...]
You can’t do better than this family when transferring wealth to your kids
Samuel Black Jr. was born into poverty in 1902, began peddling bread and newspapers in his Pennsylvania hometown when he was 11; started with the Erie Indemnity Co. in 1925 when it just insured automobiles, and stayed until he was senior vice president and a director—and the company was a national, multiline insurer. Bullish on [...]
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