The BizBuySell Insight Report reveals small business acquisitions for 2022 was up 4.7% over 2021. Even though the first half of 2022 experienced strong year-over-year (YOY) gains, the surge of inflation and interest rate hikes slowed the momentum in the second half.
Small Business Acquisition in 2022
The transaction numbers since 2020 show a 19% gain. However, it is still 7% lower than the pre-pandemic levels of 2019. When 2022 started YOY transactions was up by 27% in the first quarter, so there was great optimism. But by year-end, the sales of small businesses dropped to 12.7% in the fourth quarter.