Unique Trends in Geography, Industry Searches
While mobile traffic increases represented the most significant change in the way prospective buyers are searching businesses online, several other interesting trends were revealed by the geographic and industry-specific data.
Businesses in Florida attracted more searches any other U.S. state. While Florida represents about 6 percent of the total U.S. population, over 10 percent of all BizBuySell searches were located in the state. The absence of a state income tax is likely one of the key reasons small business queries in Florida exceed what one would expect from its population in.
The remaining top five searched states were California (8.7%), Texas (6.4%), New York (4.5%) and, another small state with a disproportionately high entrepreneurial interest, Connecticut (4.4%).
In terms of top industry sectors, restaurants were the most searched business type, representing over 7.6 percent of all queries. Gasoline service stations were second with 6.6 percent of searches followed by convenience stores (6.2%), bars/taverns (6%) and liquor stores (5.9%).
During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 700 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, Jeff has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and first-time buyers. Jeff establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. Jeff exclusively represents sellers of $1M-25M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Defense Industry, Oilfield services, Construction trades, Craft Breweries, Partnership Buyouts, Manufacturing, Service, and Wholesale Distributors.
Our M&A advisors and business brokers are all multi-industry entrepreneurs who have successfully exited their own companies. Jeff has walked in your shoes! Jeff wants to put the BIGGEST CHECK of your life in your pocket! Please contact Jeff, and he will confidentially answer all your questions.