Hartford: A record number of businesses were bought and sold across the nation in the early months of 2017, according to BizBuySell’s 2017 Q1 Insight Report. BizBuySell says it is "BizBuySell is the Internet's largest and most heavily trafficked business for sale marketplace.. BizBuySell currently has an inventory of over 45,000 businesses for sale and more than 1.4 million monthly visits. BizBuySell also has one of the largest databases of sale comparables for recently sold businesses and one of the industry's leading franchise directories."
Here are a few sample highlights for small business transactions in the Hartford-area in Q1 of 2017, which is based on 143 Hartford-area businesses.
Median asking price of businesses for sale in Hartford at the beginning of 2017 was $199,000 compared to $ 195,000 at the end of 2016.
Businesses listed in Hartford at the beginning of 2017 had a median revenue of $500,000 up from $469,250 at this same time last year Q4 2016.
Median cash flow for the Hartford businesses is $84,000 .
Summary detail for Connecticut and the national can be found on the chart below and comprehensive information can be found at their reliease at http://www.bizbuysell.com/news/media_insight.html
Wallingford: While Edible Arrangements’ lawyers were wrapping up a settlement in a trademark lawsuit they filed against a small food consulting firm Edible Commerce Consulting of Dover, New Hampshire, a South Carolina candy company was filing suit on the fruit retailing and ecommerce enterprise.
Vaughn Russell Candy Kitchen, of Greenville, filed suit in US District Court also in Greenville, over the trademark claim for the term “Incredible Edibles” by Edible Arrangements. The candy company says they have been using the term for more than thirty years for chocolate-covered cookie bites and that they have a registration with the trademark office for the term “Incredible Edibles,” [1,036,335].
Benefits columnist Nick Thornton wrote for BenefitsPro Magazine about a ticking time bomb of confusion for Connecticut’s small businesses.
Norton’s report Small employers in the dark on new state retirement law in CT in early May describes the lack of knowledge among Connecticut’s business community about the state's new small business pension law.
He law effects every small business with five or more employees.
“In Connecticut, where lawmakers are facing a $2.2 billion revenue shortfall, the state will clearly have to invest in further outreach to small business owners if it plans to enact its new retirement plan by 2018, when it is slated for official rollout, says Catherine Theroux, LIMRA’s director of public relations.
The employers that knew anything about the law knew very little,” Theroux said of LIMRA’s focus groups with small employers. “That’s the one clear take away—a lot more needs to be done communicating what the program is, how it would work, and what employers would be responsible for.”
The article can be reached at: http://www.benefitspro.com/2017/05/02/small-employers-in-the-dark-on-new-state-retiremen?page=2&slreturn=1493786890