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The cost of buying a business
The cost of buying a business
Listen to this article![By Prokopenya Viktor (my own picture collection) [Public domain or Public domain], via Wikimedia Commons](https://thedailyrecord.com/files/2011/04/Fsbo_tablet_opt.jpg "Fsbo_tablet_opt")
Got the entrepreneurial bug and looking to buy an existing business? Well, figure on shelling out about $244,500, according to the most recent data from online business-for-sale marketplace BizBuySell.com.
The website compiled information about 244 businesses that were on the market in the first quarter of the year. It found the median asking price was $244,500, up from $215,000 in the first quarter of 2010.
For that outlay, you get a business that will net you about $103,867 a year in median cash flow. This is up slightly from $100,000 during the same time last year.
According to BizBuySell, the biggest sale of the quarter was $800,000 for a Baltimore County Dairy Queen location. A coffee shop in Fells Point selling for $48,000 was on the low end of the website’s list of sales.
Service business and retail stores, not restaurants, were the types of businesses most frequently listed on the website. Manufacturing businesses were the least common to show up in listings during the first quarter.
