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Asking Prices for Small Businesses on the Decline

To all the usual reasons that small businesses are put up for sale - personal problems and personnel squabbles among them - add economic woes this year. But even as for-sale listings rise around the country, so is buyer interest.

"When economic times get tough and people can't find a job, they will go out and buy a job," said Ronald Hottes, president of the Business Team, a broker in Torrance, Calif.

The problem for owners is that prices appear to be softening...

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By: The New York Times

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This page contains a single entry from the blog posted on August 14, 2008 6:58 PM.

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