02-27-20 BizNexus Newsletter - ETA Roundup
Below update taken from our weekly newsletter. To sign up for the weekly email newsletter, you can do that HERE.
Fact of The Day
US small businesses employ over 47% of the private workforce.
-US Small Business Administration Office of Advocacy
We told you we’d be back.
Despite a hotly contested split-vote on whether or not to resuscitate the BizNexus newsletter the team majority has apparently decided email is still relevant in 2020… -So we’ll be shooting this thing out to you on a more lax schedule going forward, -let’s say a couple times a month or whenever there’s enough clear value to make it worth stepping away from the chaos to hit the “send” button.
Speaking of Value….
Our dev troops have been nose-down grinding while our marketing talent continues to focus on work-life balance resolutions for the New Year. Some consequent value-adds for you produced by dev now live on the BizNexus platform include:
- Buyers on BizNexus now have their own freakishly personalized homepage when you’re logged in. Check it out in the below screen-shot & video... Once you favorite some listings, set your acquisition preferences & save as many unnecessarily specific searches as you care to, -you’ll now see highly personalized acquisition opportunities and matching intermediaries who can help you with your unique target deal flow objectives.
- Emails! We’ve overhauled the admittedly 2.0 email matching we had live in 2019. Now buyers have total control over email match alerts & can save as many highly specific searches as you want. All match alerts are combined into one email each day at 2pm EST if you choose to receive that.
- Video CIMs & 3D Tours are catching on across the platform and we’re seeing some pretty creative stuff going live.
From Around The Industry
By The Numbers
All Things Buffet:
For those who may have missed it, Warren B. put out his annual letter this week where he offers a warm & fuzzy comparison of the difficulty of large-scale acquisitions to marriage…
Empire Flipper’s Trends for 2020:
Empire Flippers put out their State of the Industry report pulling out some telling nuggets from client data revealing current trends for buying & selling online businesses.
IBBA | M&A Source MarketPulse Q4 2019
If you haven’t dug into it yet, the IBBA & M&A Source now form like Voltron once every quarter to offer up a combined data report covering business acquisition & sale activity across their main street - middle market membership rosters.
BizNexus Featured Data
- Total current inventory = +/- $2 billion
- Total annualized cash flow of current businesses for sale on BizNexus = $300 million+
- Average price of listings currently on BizNexus = +/- $850k
- Average cash flow of listings currently on BizNexus = $200k - $500k (Main Street - LM Market)
Popular Acquisition Searches On BizNexus:
- Most Recently Added Acquisition Opportunities
- Tech Deals For Sale
- Search Fund Target Opportunities
- Acquisitions Under $50k
- New Franchise Opportunities
Highlight Storms on the Horizon
- San Francisco this week declared a “state of emergency” over the coronavirus — despite not having any confirmed cases in the city.
- Coronavirus threatens to disrupt eCommerce supply chain - PYMNTS.com
- New Jersey laws will make it harder for small businesses to use independent contractors - The Philadelphia Inquirer
Sponsored By:
FastCTO
FastCTO is a network of current CTOs with decades of experience as actual CTOs and senior architects - not just software developers. The company offers unparalleled access to standby talent ready to help with technical due diligence, scalability & risk assessment, & evaluation of proprietary and third-party code. Learn more...
Proof We Still Blog
THU, FEB 27
Series: Using a Virtual Assistant to Grow Your Business Part I: Why Hire a VA?
Learn from our own successes & failures. Our tips on how to identify, screen, hire and manage a great virtual assistant to help you streamline and scale your business.
FRI, JAN 31
The Pros and Cons of Buying an Existing Business
Are you thinking about buying a business? Learn about the pros and cons of buying an existing business here.
WED, JAN 22
5 Tips on Financing the Purchase of an Existing Business
There are a number of methods you can use when financing the purchase of an existing business. Here are a few that we suggest you try.
