Mountain West Business Market Data
2024 Transaction Analysis
Utah Market Statistics:
- Total transactions (2024): 847 businesses sold
- Average sale multiple: 3.2x EBITDA (up from 2.8x in 2020)
- Median sale price: $1.4M
- Average days on market: 180 days (industry standard)
- FCBB Summit average: 142 days (22% faster)
Industry Breakdown by Transaction Volume:
- Construction & Professional Services: 28% of all sales
- Manufacturing: 22% of all sales
- Healthcare: 18% of all sales
- Technology: 16% of all sales
- Retail: 16% of all sales
Success Rates by Preparation Level:
- Properly prepared businesses: 87% sell successfully
- Unprepared businesses: 23% sell successfully
- Overpriced businesses (15%+ above market): 12% sell successfully
Sources: IBBA Market Research, FCBB transaction data, Utah Department of Commerce