Q2 2009 Business Valuation Data
Business Valuations for Norfolk, VA
Recently, BizBuySell.com released its latest Norfolk, Virginia business-for-sale data on local business valuations.
Norfolk, VA Q2 2009 Business Valuations
Based on statistics prepared by BizBuySell.com, Norfolk listings for businesses for sale in Q2 2009 had a median asking price of $250,000.
The median ask price for selling businesses was $229,500 in Q2 2008.
Q2 2009 Revenue Multiples In Norfolk, VA
In the Virginia Beach-Norfolk-Newport News, VA-NC metro area, businesses will usually sell for 0.79 times the selling company's revenues. That was the mean revenue multiple for Q2 2009 in this part of the country.
According to the latest BizBuySell.com data, the median revenue for its listed businesses was $400,000 in Q2 2009.
As a reference point, the Q2 2008 revenue multiple was 0.74 and the median revenue for selling businesses was $390,000.
Q2 2009 Cash Flow Multiples In Norfolk, VA
Cash flow multiples are a useful metric that is used to value a business.
For Q2 2009, the average cash flow multiple for businesses listed in the Virginia Beach-Norfolk-Newport News, VA-NC metro area was 3.42.
BizBuySell.com found that the median cash flow for Norfolk area businesses was $90,000 in Q2 2009. In Q2 2008, cash flow multiples clocked in at 3.15 and the median cash flow was $91,208.
Number of Norfolk Businesses for Sale in the Dataset
The study data comprised 204 listings in the Virginia Beach-Norfolk-Newport News, VA-NC metro area. As such, some of the businesses used to derive the median valuation might be outside of Norfolk, but they are in the area and so are likely representative of Norfolk business valuations.
Considerations When Valuing a Business in Norfolk, VA
The things that business buyers value most is growing and predictable cash flow. If you've got predictable and growing cash flow, the odds are you are going to be happy with the business valuation you get. This helpful tip comes from Domenic Rinaldi, managing partner of Sun Acquisitions, a leading business brokerage firm.
Business Valuations for Norfolk, VA Businesses
If you are contemplating buying a business or selling a business and would like to get an estimated business valuation, we suggest you try the BizBuySell.com Business Valuation Tool. You can modify the dataset that creates business valuation estimates to meet your specific criteria. As a bonus, access to the tool is very affordable -- less than $100.
More Information on BizBuySell.com's Quarterly Reports
The BizBuySell Insight Report is published every quarter. If you find these trends interesting, take a moment to visit BizBuySell.com Insights Report for more information.
Historical Data for Norfolk, VA Business Valuations
With respect to local trends in business-for-sale asking prices, here are the median asking prices for companies in the Virginia Beach-Norfolk-Newport News, VA-NC metro area for the last 10 quarters.
The chart below shows how median revenue multiples are moving in the Norfolk area, based on BizBuySell.com's quarterly reports.
Here is how cash flow multiples are trending in the Norfolk area, based on BizBuySell.com's quarterly reports.
Flow Multiple
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