According to the latest data released by BizBuySell.com, an online business-for-sale marketplace, the median business asking price in Milwaukee has fallen 16.5 percent to $330,000 for the second quarter of 2009. At the end of the second quarter of 2008, the median asking price for a Milwaukee business was $395,000.
The data is based on 93 Milwaukee area businesses listed for sale at BizBuySell.com. Those listings include business broker listings, as well as “for sale by owner” listings.
Revenues for the listed companies have fallen as well. During the second quarter of this year, median revenues were $490,000, compared to $530,000 in the second quarter of 2008. According to BizBuySell.com, business owners in metro Milwaukee are, on average, asking for revenue multiples of 1 and cash flow multiples of 4.28. One year ago, they were asking for revenue multiples of 1.11 and cash flow multiples of 4.12.
