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					BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q3 2010

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                             Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue             Median Cash Flow        Cash Flow                    Summary - San Antonio, TX, Q3 2010
Retail - Restaurant               33          $            199,000     $          450,000                    0.54     $            75,000              3.39                 The median asking price for businesses for sale in this market on BizBuySell was $250,000.
Retail - Other                    44          $            165,000     $          441,250                    0.45     $            74,000              2.76                These businesses had a median revenue of $395,000 and a median cash flow of $94,000.
Service                           93          $            275,000     $          277,518                    1.26     $            99,000              3.99                Owners asked for, on average, a revenue multiple of 0.98 and a cash flow multiple of 3.64.
Manufacturing                     10          $         1,550,000      $         1,116,812                   1.11     $         250,788                4.42
Other                             17          $            675,000     $          786,000                    1.63     $         210,000                4.04
Total                             197         $            250,000     $          395,000                    0.98     $            94,000              3.64                 In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,855 times and the listing detail was viewed an average of 85 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 23 closed transactions in this market in Q3 2010. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $160,000. On average, this is 1.00 of the ask price. These businesses had
                                                 in Searches         Viewed                                                                                                a median revenue of $360,000 and a median cash flow of $54,000. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.92 times revenue and 4.03 times cash flow.
Retail - Restaurant               21                         1,924                       86
Retail - Other                    33                         2,878                      163
Service                           58                         1,270                       51
Manufacturing                     12                         2,204                       74
Other                             18                         1,552                       57
Total                             142                        1,855                       85


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                      15                             8%
$50,001 - $100,000                24                             12%
$100,001 - $200,000               46                             23%
$200,001 - $300,000               35                             18%
$300,001 - $500,000               17                             9%
$500,001 - $1,000,000             30                             15%
$1,000,001+                       30                             15%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                              Ad Headline                                    Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=23)                                                                                                                             $             160,000     $            160,000               1.00    $     360,000              0.92    $       54,000          4.03

Retail - Restaurant        Restaurants                                 Bexar                  Taqueria Turnkey operation                                                    $               65,000    $               65,000              1.00   $     218,400               0.30   $       43,680          1.49
Retail - Other             Convenience Stores                          Bexar                  Just Good Opportunity                                                         $              140,000    $             155,000               0.90   $     660,000               0.21   $       85,000          1.65
Service                    Landscaping & Yard Services                 Bexar                  Great starter pool route                                                      $               68,460    $               68,460              1.00   $       85,575              0.80   $       78,880          0.87
Retail - Restaurant        Restaurants                                 Bexar                  Excellent Opportunity Established Franchised Restaurant for Sale              $              199,000    $             199,000               1.00   $     540,000               0.37   $      108,000          1.84
Retail - Other             Gasoline Service Stations                   Bexar                  Branded Gas Station for Sale with Property                                    $            2,100,000    $           2,100,000               1.00   $    3,172,655              0.66   $      300,000          7.00
Service                    Landscaping & Yard Services                 Bexar                  Pool route in San Antonio/New Braunfels                                       $               48,400    $               48,400              1.00   $       52,800              0.92   $       45,600          1.06
Retail - Restaurant        Restaurants                                 Bexar                  Restaurant Turn Key Operation for Sale                                        $               59,999    $               59,999              1.00   $     145,000               0.41   $       25,000          2.40
Retail - Other             Convenience Stores                          Bexar                  C-store with gas great location                                               $            1,250,000    $           1,250,000               1.00   $    1,925,000              0.65   $      165,000          7.58
Service                    Hotels & Other Lodging Places               Bexar                  San Antonio Hotel foreclosure & FL land - Maybe Adult Care Facility?          $            2,300,000    $           2,000,000               1.15   $    2,300,000              1.00   $      630,000          3.65
Retail - Restaurant        Restaurants                                 Bexar                  New restaurant and bar for sale turn key operation                            $               99,500    $               99,500              1.00   $     145,000               0.69   $       25,000          3.98
Retail - Other             Miscellaneous Retail                        Bexar                  Bicycle and internet shop for sale                                            $              199,000    $             199,000               1.00   $     880,000               0.23   $       49,500          4.02
Service                    Beauty Salons, Barber Shops                 Bexar                  High-End Barber Shop for Sale                                                 $               75,000    $               75,000              1.00   $     169,917               0.44   $       40,441          1.85
Retail - Restaurant        Restaurants                                 Bexar                  Quiznos for sale                                                              $               75,000    $               75,000              1.00   $     360,000               0.21   $       48,000          1.56
Service                    Other Business Services                     Bexar                  Carwash and Detailing Center for Sale                                         $              625,000    $             625,000               1.00   $       91,577              6.82   $       45,000         13.89
Retail - Restaurant        Restaurants                                 Bexar                  3 quiznos restaurants for sale                                                $              588,000    $             588,000               1.00   $    1,100,000              0.53   $      265,000          2.22
Service                    Health, Medical & Dental                    Bexar                  Medical practice for sale                                                     $            5,000,000    $           5,000,000               1.00   $    9,155,000              0.55   $     1,758,000         2.84
Retail - Restaurant        Restaurants                                 Bexar                  Franchise sub for sale                                                        $              160,000    $             160,000               1.00   $     360,000               0.44   $       54,000          2.96
Service                    Beauty Salons, Barber Shops                 Bexar                  Beauty salon for sale                                                         $               27,500    $               27,500              1.00   $     105,000               0.26   $        4,000          6.88
Retail - Restaurant        Restaurants                                 Bexar                  Looking for expereince restaurant partner                                     $            1,000,000    $           1,000,000               1.00   $    4,680,000              0.21   $     1,281,060         0.78
Service                    Other Travel & Transportation               Bexar                  Charters buses for sale                                                       $            1,480,000    $           1,480,000               1.00   $     720,000               2.06   $      199,000          7.44
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q2 2010

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                          Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue          Median Cash Flow        Cash Flow                       Summary - San Antonio, TX, Q2 2010
Retail - Restaurant               30          $           190,000      $           430,558                  0.54   $            76,000              3.48                    The median asking price for businesses for sale in this market on BizBuySell was $265,000.
Retail - Other                    49          $           155,000      $           420,000                  0.46   $            71,700              2.79                   These businesses had a median revenue of $404,000 and a median cash flow of $88,250.
Service                           92          $           295,000      $           315,951                  1.28   $            90,348              4.51                   Owners asked for, on average, a revenue multiple of 1.00 and a cash flow multiple of 3.92.
Manufacturing                      9          $         2,950,000      $         1,600,000                  1.40   $          356,281               5.20
Other                             14          $           587,500      $           576,836                  1.85   $          177,960               4.15
Total                             194         $           265,000      $           404,000                  1.00   $            88,250              3.92                    In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,516 times and the listing detail was viewed an average of 74 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 7 closed transactions in this market in Q2 2010. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $89,000. On average, this is 0.92 of the ask price. These businesses had a
                                                 in Searches         Viewed                                                                                                median revenue of $420,000 and a median cash flow of $84,000. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.69 times revenue and 2.44 times cash flow.
Retail - Restaurant               26                        1,996                        87
Retail - Other                    31                        1,695                       115
Service                           72                        1,400                        55
Manufacturing                      8                        1,182                        67
Other                             18                        1,124                        63
Total                             155                       1,516                        74


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                      16                             8%
$50,001 - $100,000                23                             12%
$100,001 - $200,000               45                             23%
$200,001 - $300,000               34                             18%
$300,001 - $500,000               19                             10%
$500,001 - $1,000,000             30                             15%
$1,000,001+                       27                             14%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                           Ad Headline                                       Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=7)                                                                                                                              $              89,000     $              89,000              0.92    $     420,000              0.69    $       84,000          2.44

Retail - Restaurant        Restaurants                                 Bexar                  Sandwich and bake shop for sale                                               $               30,000    $               35,000              0.86   $       72,000              0.42   $       36,000          0.83
Retail - Other             Convenience Stores                          Bexar                  Magic Food Mart, Medical Center                                               $               89,000    $               89,000              1.00   $     194,820               0.46   $       65,000          1.37
Service                    Miscellaneous Services                      Bexar                  LSV(Low Speed Vehicle) Dealer                                                 $              400,000    $             550,000               0.73   $    2,136,000              0.19   $       98,000          4.08
Retail - Restaurant        Restaurants                                 Bexar                  Restaurant Turn Key Operation for Sale                                        $               55,000    $               55,000              1.00   $     420,000               0.13   $       84,000          0.65
Retail - Other             Gasoline Service Stations                   Guadalupe              Mucho Quick Stop,124 W. Kingsbury, Seguin, TX 78155                           $               49,000    $               49,000              1.00   $       17,350              2.82   $        7,140          6.86
Retail - Restaurant        Restaurants                                 Bexar                  Mexican Restaurant with Drive Thru                                            $              300,000    $             350,000               0.86   $     500,000               0.60   $      168,500          1.78
Retail - Other             Gasoline Service Stations                   Bexar                  Indian-American C-Store and Gas Station for Sale                              $              375,000    $             375,000               1.00   $    1,860,000              0.20   $      250,000          1.50


*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q1 2010

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                           Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue           Median Cash Flow        Cash Flow                      Summary - San Antonio, TX, Q1 2010
Retail - Restaurant               29          $           225,000      $          450,000                    0.53    $           84,000               3.34                  The median asking price for businesses for sale in this market on BizBuySell was $284,500.
Retail - Other                    46          $           162,500      $          454,554                    0.49    $           78,500               2.77                 These businesses had a median revenue of $420,000 and a median cash flow of $89,668.
Service                           76          $           295,000      $          315,951                    1.20    $           85,088               4.10                 Owners asked for, on average, a revenue multiple of 0.91 and a cash flow multiple of 3.67.
Manufacturing                     11          $         2,950,000      $         2,041,571                   1.28    $          356,281               5.42
Other                             14          $           662,500      $          588,485                    1.24    $          178,890               3.58
Total                             176         $           284,500      $          420,000                    0.91    $           89,669               3.67                  In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,904 times and the listing detail was viewed an average of 95 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 7 closed transactions in this market in Q1 2010. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $120,000. On average, this is 0.90 of the ask price. These businesses had
                                                 in Searches         Viewed                                                                                                a median revenue of $445,000 and a median cash flow of $90,000. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.74 times revenue and 2.50 times cash flow.
Retail - Restaurant               23                        1,916                       100
Retail - Other                    32                        2,621                       152
Service                           63                        1,731                        72
Manufacturing                      9                        1,569                        88
Other                             17                        1,358                        68
Total                             144                       1,904                        95


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                      12                             7%
$50,001 - $100,000                30                             17%
$100,001 - $200,000               33                             19%
$200,001 - $300,000               27                             15%
$300,001 - $500,000               17                             10%
$500,001 - $1,000,000             31                             18%
$1,000,001+                       26                             15%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                            Ad Headline                                      Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=7)                                                                                                                              $             120,000     $            150,000               0.90    $     445,000              0.74    $       90,000          2.50

Retail - Other             Liquor Stores                               Bexar                  Dropped again $20K! Liquor store business for sale                            $               59,000    $               59,000              1.00   $     445,000               0.13   $       70,000          0.84
Service                    Other Business Services                     Bexar                  Specialty Promotional Items in San Antonio                                    $              120,000    $             150,000               0.80   $     320,000               0.38   $       46,000          2.61
Other                      Construction-Special Trades                 Bexar                  Highly Profitable Water Driller                                               $              650,000    $             650,000               1.00   $    1,081,903              0.60   $      212,000          3.07
Retail - Other             Convenience Stores                          Bexar                  Hamilton Grocery                                                              $               55,000    $               60,000              0.92   $     450,000               0.12   $       50,000          1.10
Service                    Other Personal Services                     Bexar                  Pool Service Route in San Antonio For Sale                                    $               66,000    $               66,000              1.00   $     102,000               0.65   $       90,000          0.73
Retail - Other             Convenience Stores                          Bexar                  Convenience store with gas station in San Antonio, TX                         $              749,000    $             749,000               1.00   $     244,200               3.07   $       96,000          7.80
Service                    Health, Medical & Dental                    Bexar                  Successful Cosmetic Dermatology Practice in San Antonio                       $              200,000    $             325,000               0.62   $     937,000               0.21   $      150,000          1.33


*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Annual Insight Report
San Antonio, TX
Annual 2009

BizBuySell Recently Sold Listings - Comparables Data

                                                                    Median Asking         Avg. Sale/Ask                             Avg. Multiple of                  Avg. Multiple of Cash
     Business Type                N          Median Sale Price          Price                 Ratio          Median Revenue            Revenue       Median Cash Flow        Flow                                          Summary - San Antonio, TX, 2009
Retail - Restaurant               6          $         153,750     $          175,000                 0.83   $         453,359                0.30   $         70,026                      2.18                              BizBuySell analyzed 34 closed transactions in this market in 2009. Businesses
Retail - Other                    10         $         119,500     $          124,500                 0.91   $         347,500                0.64   $         85,000                      2.78                            sold for a median sale price of $144,500. On average, this is 0.91 of the ask
Service                           14         $         220,000     $          239,250                 0.98   $         267,815                0.98   $         90,000                      3.49                            price. These businesses had a median revenue of $363,500 and a median cash
Manufacturing                     3          $         105,000     $          150,000                 0.74   $         279,000                1.06   $         75,000                      3.29                            flow of $78,654. Business buyers paid on average 0.75 times revenue and 3.00
Other                             1          $         890,000     $          990,000                 0.90   $       1,800,000                0.49   $        370,000                      2.41                            times cash flow.
Total                             34         $         144,500     $          174,500                 0.91   $         363,500                0.75   $         78,654                      3.00


Breakdown of Sold Listings by Sale Price

          Price                Number            % of Total
$0 - $50,000                      4                         12%
$50,001 - $100,000                6                         18%
$100,001 - $200,000               11                        32%
$200,001 - $300,000               4                         12%
$300,001 - $500,000               1                           3%
$500,001 - $1,000,000             2                          6%
$1,000,001+                       6                         18%




Closed Transactions Examples*
                              Business                                                                                                                                                                                                                                            Revenue                        Cash Flow
     Business Type            Subtype                                      County                                                      Ad Headline                                                      Sale Price          Asking Price    Sale/Ask Ratio        Revenue         Multiple          Cash Flow     Multiple
Retail - Restaurant       Restaurants                              Bexar                Franchise Subs                                                                                            $             250,000    $      339,000              0.74   $     596,500              0.42   $       68,200        3.67
Retail - Other            Gasoline Service Stations                Medina               Fuel Express,2816 Hwy 132 N, Natalia, TX 78059                                                            $             119,000    $      119,000              1.00   $     248,400              0.48   $      133,020        0.89
Service                   Auto Repair, Parts & Services            Bexar                Muffler, Tire & General Minor Repairs                                                                     $             250,000    $      280,000              0.89   $     370,000              0.68   $      116,000        2.16
Retail - Restaurant       Restaurants                              Bexar                Profitable Family Restaurant in Awesome Location                                                          $             150,000    $      197,000              0.76   $     480,000              0.31   $       72,582        2.07
Manufacturing             Miscellaneous                            Bexar                San Antonio Vehicle Wrap Company                                                                          $             105,000    $      140,000              0.75   $     279,000              0.38   $       75,000        1.40
Retail - Restaurant       Restaurants                              Bexar                High Profile "Name Restaurant & Bar"                                                                      $             175,000    $      175,000              1.00   $    1,424,933             0.12   $       61,050        2.87
Retail - Other            Gasoline Service Stations                Bexar                EZ Stop (Citgo) gas station in Seguin, TX                                                                 $             110,000    $      110,000              1.00   $     275,000              0.40   $      144,000        0.76
Service                   Other Personal Services                  Comal                Pool Service Route in New Braunfels For Sale                                                              $               29,500   $       32,285              0.91   $      50,220              0.59   $       44,000        0.67
Manufacturing             Miscellaneous                            Bexar                Specialty Products Manufacturer for Horse Racing Industry                                                 $               70,000   $      150,000              0.47   $      43,393              1.61   $       26,590        2.63
Retail - Restaurant       Restaurants                              Bexar                Franchise Subs                                                                                            $               50,000   $       65,000              0.77   $     300,000              0.17   $       54,000        0.93
Retail - Other            Convenience Stores                       Bexar                Citgo gas station on Fredericksburg Rd                                                                    $             399,000    $      399,000              1.00   $    1,000,000             0.40   $       96,000        4.16
Service                   Other Business Services                  Bexar                Highly Profitable Commercial Cleaning Company                                                             $               83,000   $       99,000              0.84   $      99,112              0.84   $       43,870        1.89
Retail - Restaurant       Restaurants                              Bexar                Franchise Subs                                                                                            $             139,000    $      174,000              0.80   $     357,000              0.39   $      100,400        1.38
Retail - Other            Bars/Taverns                             Bexar                Established Neighborhood Bar                                                                              $             135,000    $      135,000              1.00   $     260,000              0.52   $       24,000        5.63
Service                   Auto Repair, Parts & Services            Guadalupe            Auto Parts Distribution Opportunity                                                                       $               65,000   $       67,000              0.97   $     165,021              0.39   $       32,482        2.00
Retail - Restaurant       Restaurants                              Bexar                Profitable Pizza Franchise                                                                                $             157,500    $      175,000              0.90   $     426,718              0.37   $       71,851        2.19
Retail - Other            Convenience Stores                       Bexar                Medical center gas station with convenience store                                                         $             120,000    $      130,000              0.92   $     600,000              0.20   $       90,000        1.33
Service                   Other Business Services                  Bexar                Very Profitable Pressure Cleaning Business                                                                $           2,130,000    $    1,725,000              1.23   $    1,624,618             1.31   $      473,112        4.50
Retail - Other            Convenience Stores                       Bexar                Established C-store with gas station in Pleasanton, TX                                                    $               10,000   $       30,000              0.33   $      30,000              0.33   $        5,000        2.00
Service                   Other Personal Services                  Bexar                Pool Service Route in San Antonio For Sale                                                                $               54,060   $       54,060              1.00   $      84,872              0.64   $       74,000        0.73
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell lists over
50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Annual Insight Report
San Antonio, TX
Annual 2008

BizBuySell Recently Sold Listings - Comparables Data

                                                                     Median Asking          Avg. Sale/Ask                            Avg. Multiple of                  Avg. Multiple of Cash
     Business Type                N          Median Sale Price           Price                  Ratio           Median Revenue          Revenue       Median Cash Flow        Flow                                         Summary - San Antonio, TX, 2008
Retail - Restaurant               2           $        440,000      $          463,500                  0.92    $         599,500               0.63   $      123,500                      3.22                              BizBuySell analyzed 33 closed transactions in this market in 2008. Businesses
Retail - Other                    14          $        237,500      $          262,000                  0.89    $         691,000               0.50   $      112,500                      2.58                            sold for a median sale price of $280,000. On average, this is 0.89 of the ask
Service                           13          $        280,000      $          325,000                  0.93    $         500,000               0.61   $      124,680                      2.54                            price. These businesses had a median revenue of $635,000 and a median cash
Manufacturing                     1           $       2,900,000     $         2,900,000                 1.00    $       1,686,361               1.72   $      311,189                      9.32                            flow of $120,448. Business buyers paid on average 0.58 times revenue and
Other                             3           $        350,000      $          497,650                  0.68    $       1,449,392               0.40   $      320,000                      1.49                            2.71 times cash flow.
Total                             33          $        280,000      $          325,000                  0.89    $         635,000               0.58   $      120,448                      2.71


Breakdown of Sold Listings by Sale Price

          Price                Number             % of Total
$0 - $50,000                      4                         12%
$50,001 - $100,000                1                            3%
$100,001 - $200,000               8                         24%
$200,001 - $300,000               5                         15%
$300,001 - $500,000               5                         15%
$500,001 - $1,000,000             6                         18%
$1,000,001+                       4                         12%




Closed Transactions Examples*
                              Business                                                                                                                                                                                                                                            Revenue                        Cash Flow
     Business Type            Subtype                                       County                                                       Ad Headline                                                    Sale Price          Asking Price    Sale/Ask Ratio        Revenue         Multiple          Cash Flow     Multiple
Retail - Restaurant       Restaurants                               Bexar                 Quiznos Franchise For Sale!!!! Best Buy For The Money!!!!!                                              $             130,000    $      147,000              0.88   $     299,000              0.43   $       49,000        2.65
Retail - Other            Other Eating & Drinking Places            Medina                Mexican Food Restaurant                                                                                 $             300,000    $      375,000              0.80   $     222,000              1.35   $       66,934        4.48
Service                   Other Personal Services                   Bexar                 Busy Tanning Salon-North Central San Antonio                                                            $             150,000    $      150,000              1.00   $     215,114              0.70   $       32,887        4.56
Other                     Internet-General Internet                 Bexar                 Established Online Coupon & Dining Guide Business                                                       $               25,000   $       50,000              0.50   $      56,000              0.45   $       28,000        0.89
Retail - Restaurant       Restaurants                               Guadalupe             Outstanding steakhouse restaurant established 30 years                                                  $             750,000    $      780,000              0.96   $     900,000              0.83   $      198,000        3.79
Service                   Landscaping & Yard Services               Bexar                 Decorative Landscape Curbing                                                                            $               30,000   $       32,000              0.94   $      88,600              0.34   $        8,580        3.50
Other                     Construction-Building                     Comal                 Hvac                                                                                                    $             350,000    $      497,650              0.70   $    1,449,392             0.24   $      365,462        0.96
Retail - Other            Bars/Taverns                              Bexar                 San Antonio Bar, w/Karaoke                                                                              $             125,000    $      125,000              1.00   $     269,900              0.46   $       37,626        3.32
Service                   Other Personal Services                   Bexar                 Personal training studio                                                                                $               20,000   $       20,000              1.00   $      44,000              0.45   $       25,000        0.80
Service                   Other Business Services                   Bexar                 Very Profitable Pressure Cleaning Business                                                              $           1,700,000    $    1,725,000              0.99   $    1,464,949             1.16   $      467,094        3.64
Retail - Other            Convenience Stores                        Bexar                 Convience store w/gas                                                                                   $               80,000   $       99,000              0.81   $     500,000              0.16   $       90,000        0.89
Service                   Other Business Services                   Bexar                 Office Filing Systems & Office Furniture-75% Seller Financing                                           $             420,000    $      420,000              1.00   $    1,349,129             0.31   $      205,497        2.04
Retail - Other            Other Food Stores                         Bexar                 Meat processing, wholesale, retail                                                                      $           1,000,000    $    1,250,000              0.80   $    3,293,013             0.30   $      381,355        2.62
Service                   Drycleaning/Laundry Services              Bexar                 Great cash producing Dry Cleaners in NE San Antonio                                                     $             280,000    $      325,000              0.86   $     500,000              0.56   $      200,000        1.40
Service                   Other Business Services                   Bexar                 Booming Administrative Services Business For Sale in San Antonio                                        $             900,000    $    1,000,000              0.90   $     960,000              0.94   $      295,000        3.05
Retail - Other            Other Eating & Drinking Places            Bexar                 Bakery/Deli                                                                                             $               45,000   $       50,000              0.90   $     175,000              0.26   $       45,000        1.00
Service                   Miscellaneous Repair Services             Bexar                 Well Established and Profitable Service Business                                                        $             325,900    $      325,900              1.00   $     912,213              0.36   $      120,448        2.71
Retail - Other            Bars/Taverns                              Bexar                 Bar@Downtown San Antonio,river walk!!!!!!!!!!!!!!!!                                                     $             250,000    $      299,000              0.84   $     556,000              0.45   $      120,000        2.08
Service                   Drycleaning/Laundry Services              Bexar                 Coin-Op & Full Service Laundromat                                                                       $             250,000    $      275,000              0.91   $      295,000             0.85   $       82,400        3.03
Retail - Other            Convenience Stores                        Bexar                 San Antonio Interstate Highway Convenience Store                                                        $             425,000    $      425,000              1.00   $    1,000,000             0.43   $      160,000        2.66
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell lists over
50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q4 2009

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                         Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue          Median Cash Flow       Cash Flow                        Summary - San Antonio, TX, Q4 2009
Retail - Restaurant               23          $           199,000      $          460,000                   0.52   $           80,400              3.67                     The median asking price for businesses for sale in this market on BizBuySell was $277,500.
Retail - Other                    43          $           199,000      $          459,108                   0.45   $           88,000              3.07                    These businesses had a median revenue of $425,500 and a median cash flow of $89,668.
Service                           76          $           295,000      $          295,909                   1.21   $           74,500              4.21                    Owners asked for, on average, a revenue multiple of 0.90 and a cash flow multiple of 3.77.
Manufacturing                     11          $           865,000      $          582,000                   1.04   $          154,750              3.73
Other                             13          $           990,000      $         1,081,903                  1.05   $          211,860              3.68
Total                             166         $           277,500      $          425,500                   0.90   $           89,669              3.77                     In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,687 times and the listing detail was viewed an average of 72 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 6 closed transactions in this market in Q4 2009. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $200,000. On average, this is 0.85 of the ask price. These businesses had
                                                 in Searches         Viewed                                                                                                a median revenue of $325,438 and a median cash flow of $70,391. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.97 times revenue and 3.90 times cash flow.
Retail - Restaurant               17                        1,599                        59
Retail - Other                    33                        1,946                       127
Service                           57                        1,685                        53
Manufacturing                      9                        1,705                        62
Other                             17                        1,272                        46
Total                             133                       1,687                        72


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                      15                             9%
$50,001 - $100,000                23                             14%
$100,001 - $200,000               33                             20%
$200,001 - $300,000               24                             14%
$300,001 - $500,000               21                             13%
$500,001 - $1,000,000             28                             17%
$1,000,001+                       22                             13%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                          Ad Headline                                        Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=6)                                                                                                                              $             200,000     $            238,500               0.85    $     325,438              0.97    $       70,391          3.90

Retail - Restaurant        Restaurants                                 Bexar                  Franchise Subs                                                                $              250,000    $             339,000               0.74   $     596,500               0.42   $       68,200          3.67
Retail - Other             Gasoline Service Stations                   Medina                 Fuel Express,2816 Hwy 132 N, Natalia, TX 78059                                $              119,000    $             119,000               1.00   $     248,400               0.48   $      133,020          0.89
Service                    Auto Repair, Parts & Services               Bexar                  Muffler, Tire & General Minor Repairs                                         $              250,000    $             280,000               0.89   $     370,000               0.68   $      116,000          2.16
Retail - Restaurant        Restaurants                                 Bexar                  Profitable Family Restaurant in Awesome Location                              $              150,000    $             197,000               0.76   $     480,000               0.31   $       72,582          2.07
Service                    Other Personal Services                     Comal                  Pool Service Route in New Braunfels For Sale                                  $               29,500    $               32,285              0.91   $       50,220              0.59   $       44,000          0.67


*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q3 2009

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                           Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue           Median Cash Flow        Cash Flow                      Summary - San Antonio, TX, Q3 2009
Retail - Restaurant               22          $           198,000      $           447,500                   0.58   $           73,791               3.48                   The median asking price for businesses for sale in this market on BizBuySell was $265,000.
Retail - Other                    45          $           199,000      $           420,000                   0.71   $           79,000               3.91                  These businesses had a median revenue of $429,500 and a median cash flow of $86,500.
Service                           66          $           275,000      $           271,938                   1.18   $           78,952               4.12                  Owners asked for, on average, a revenue multiple of 0.93 and a cash flow multiple of 3.93.
Manufacturing                     11          $           865,000      $           582,000                   0.96   $         205,859                3.69
Other                             12          $           994,500      $         1,425,621                   0.99   $         211,930                3.95
Total                             156         $           265,000      $           429,500                   0.93   $           86,500               3.93                   In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,604 times and the listing detail was viewed an average of 76 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 10 closed transactions in this market in Q3 2009. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $188,500. On average, this is 0.99 of the ask price. These businesses had
                                                 in Searches         Viewed                                                                                                a median revenue of $521,042 and a median cash flow of $120,000. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.71 times revenue and 2.83 times cash flow.
Retail - Restaurant               18                        1,441                        74
Retail - Other                    31                        2,098                       119
Service                           53                        1,482                        53
Manufacturing                     10                        2,024                       106
Other                             15                             934                     50
Total                             127                       1,604                        76


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                      11                              7%
$50,001 - $100,000                25                             16%
$100,001 - $200,000               32                             21%
$200,001 - $300,000               22                             14%
$300,001 - $500,000               17                             11%
$500,001 - $1,000,000             26                             17%
$1,000,001+                       23                             15%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                           Ad Headline                                       Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=10)                                                                                                                             $             188,500     $            202,500               0.99    $     521,042              0.71    $      120,000          2.83

Service                    Other Business Services                     Bexar                  Highly Profitable Commercial Cleaning Company                                 $               83,000    $               99,000              0.84   $       99,112              0.84   $       43,870          1.89
Retail - Other             Gasoline Service Stations                   Bexar                  EZ Stop (Citgo) gas station in Seguin, TX                                     $              110,000    $             110,000               1.00   $     275,000               0.40   $      144,000          0.76
Service                    Auto Repair, Parts & Services               Guadalupe              Auto Parts Distribution Opportunity                                           $               65,000    $               67,000              0.97   $     165,021               0.39   $       32,482          2.00
Retail - Other             Convenience Stores                          Bexar                  Citgo gas station on Fredericksburg Rd                                        $              399,000    $             399,000               1.00   $    1,000,000              0.40   $       96,000          4.16
Service                    Other Business Services                     Bexar                  Very Profitable Pressure Cleaning Business                                    $            2,130,000    $           1,725,000               1.23   $    1,624,618              1.31   $      473,112          4.50
Service                    Other Personal Services                     Bexar                  Pool Service Route in San Antonio For Sale                                    $               54,060    $               54,060              1.00   $       84,872              0.64   $       74,000          0.73
Service                    Other Personal Services                     Bexar                  Pool Service Route in San Antonio For Sale                                    $              108,770    $             108,770               1.00   $     171,524               0.63   $      150,000          0.73


*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q2 2009

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                         Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue          Median Cash Flow       Cash Flow                        Summary - San Antonio, TX, Q2 2009
Retail - Restaurant               19          $           139,000      $          357,000                   0.61   $           65,000              3.19                     The median asking price for businesses for sale in this market on BizBuySell was $275,000.
Retail - Other                    37          $           175,000      $          412,000                   0.76   $           72,160              4.26                    These businesses had a median revenue of $443,380 and a median cash flow of $88,000.
Service                           64          $           297,500      $          328,431                   1.38   $           94,000              3.87                    Owners asked for, on average, a revenue multiple of 1.08 and a cash flow multiple of 3.96.
Manufacturing                      9          $         1,200,000      $         1,000,000                  1.07   $          205,859              4.59
Other                             10          $           820,000      $         1,475,621                  1.28   $          168,500              4.40
Total                             139         $           275,000      $          443,380                   1.08   $           88,000              3.96                     In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,611 times and the listing detail was viewed an average of 81 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 6 closed transactions in this market in Q2 2009. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $162,500. On average, this is 1.01 of the ask price. These businesses had
                                                 in Searches         Viewed                                                                                                a median revenue of $430,000 and a median cash flow of $87,500. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.60 times revenue and 3.29 times cash flow.
Retail - Restaurant               12                        1,531                        81
Retail - Other                    30                        2,437                       135
Service                           45                        1,334                        59
Manufacturing                      9                             827                     49
Other                             14                        1,309                        53
Total                             110                       1,611                        81


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                      12                              9%
$50,001 - $100,000                24                             17%
$100,001 - $200,000               24                             17%
$200,001 - $300,000               18                             13%
$300,001 - $500,000               16                             12%
$500,001 - $1,000,000             18                             13%
$1,000,001+                       27                             19%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                          Ad Headline                                        Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=6)                                                                                                                              $             162,500     $            166,750               1.01    $     430,000              0.60    $       87,500          3.29

Retail - Other             Bars/Taverns                                Bexar                  Established Neighborhood Bar                                                  $              135,000    $             135,000               1.00   $     260,000               0.52   $       24,000          5.63
Service                    Other Personal Services                     Bexar                  Pool Service Route in San Antonio For Sale                                    $               61,600    $               61,600              1.00   $       96,200              0.64   $       85,000          0.72
Retail - Other             Convenience Stores                          Bexar                  Medical center gas station with convenience store                             $              120,000    $             130,000               0.92   $     600,000               0.20   $       90,000          1.33
Service                    Beauty Salons, Barber Shops                 Bexar                  Classy High Volume Hair Salon                                                 $              190,000    $             198,500               0.96   $     254,753               0.75   $       75,666          2.51
Service                    Agents & Brokers                            Bexar                  Insurance Agency, North San Antonio, Captive                                  $              275,000    $             295,000               0.93   $    1,250,000              0.22   $       95,000          2.89
Service                    Health, Medical & Dental                    Bexar                  Cross Border Medical Billing & Coding Company                                 $            2,500,000    $           2,000,000               1.25   $    2,000,000              1.25   $      375,000          6.67
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q1 2009

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                          Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue          Median Cash Flow        Cash Flow                       Summary - San Antonio, TX, Q1 2009
Retail - Restaurant               22          $           186,000      $          516,736                   0.63    $          72,000                  4.16                 The median asking price for businesses for sale in this market on BizBuySell was $250,000.
Retail - Other                    42          $           187,000      $          391,189                   0.79    $          72,080                  4.03                These businesses had a median revenue of $426,718 and a median cash flow of $90,000.
Service                           54          $           355,000      $          340,009                   1.52    $          98,500                  4.06                Owners asked for, on average, a revenue multiple of 1.11 and a cash flow multiple of 4.03.
Manufacturing                      9          $           399,000      $          653,000                   1.25    $         107,930                  3.87
Other                             12          $           800,000      $         1,129,511                  1.25    $         267,500                  3.72
Total                             139         $           250,000      $          426,718                   1.11    $          90,000                  4.03                 In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,643 times and the listing detail was viewed an average of 82 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 12 closed transactions in this market in Q1 2009. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $122,000. On average, this is 0.82 of the ask price. These businesses had
                                                 in Searches         Viewed                                                                                                a median revenue of $388,500 and a median cash flow of $73,426. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.76 times revenue and 2.55 times cash flow.
Retail - Restaurant               11                        1,082                        54
Retail - Other                    27                        2,881                       172
Service                           44                        1,324                        49
Manufacturing                      8                             798                     42
Other                             14                        1,179                        55
Total                             104                       1,643                        82


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                       9                              6%
$50,001 - $100,000                21                             15%
$100,001 - $200,000               32                             23%
$200,001 - $300,000               16                             12%
$300,001 - $500,000               13                              9%
$500,001 - $1,000,000             23                             17%
$1,000,001+                       25                             18%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                           Ad Headline                                       Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=12)                                                                                                                             $             122,000     $            162,000               0.82    $     388,500              0.76    $       73,426          2.55

Retail - Restaurant        Restaurants                                 Bexar                  High Profile "Name Restaurant & Bar"                                          $              175,000    $             175,000               1.00   $    1,424,933              0.12   $       61,050          2.87
Service                    Health, Medical & Dental                    Bexar                  Medical Transcription BPO Acquisition Opportunity                             $            5,000,000    $           5,000,000               1.00   $    3,329,712              1.50   $      950,402          5.26
Manufacturing              Miscellaneous                               Bexar                  San Antonio Vehicle Wrap Company                                              $              105,000    $             140,000               0.75   $     279,000               0.38   $       75,000          1.40
Retail - Restaurant        Restaurants                                 Bexar                  Franchise Subs                                                                $               50,000    $               65,000              0.77   $     300,000               0.17   $       54,000          0.93
Retail - Other             Convenience Stores                          Bexar                  Established C-store with gas station in Pleasanton, TX                        $               10,000    $               30,000              0.33   $       30,000              0.33   $        5,000          2.00
Manufacturing              Miscellaneous                               Bexar                  Specialty Products Manufacturer for Horse Racing Industry                     $               70,000    $             150,000               0.47   $       43,393              1.61   $       26,590          2.63
Retail - Restaurant        Restaurants                                 Bexar                  Franchise Subs                                                                $              139,000    $             174,000               0.80   $     357,000               0.39   $      100,400          1.38
Retail - Other             Apparel and Accessory Stores                Bexar                  Ladies Apparel & Accessories                                                  $               50,000    $               50,000              1.00   $     147,000               0.34   $       67,000          0.75
Retail - Restaurant        Restaurants                                 Bexar                  Profitable Pizza Franchise                                                    $              157,500    $             175,000               0.90   $     426,718               0.37   $       71,851          2.19
Retail - Other             Liquor Stores                               Bexar                  Medical Center Liquor Store for Sale                                          $               98,000    $             110,000               0.89   $     420,000               0.23   $       80,000          1.23
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q4 2008

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                               Avg. Multiple of                         Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue           Revenue           Median Cash Flow      Cash Flow                         Summary - San Antonio, TX, Q4 2008
Retail - Restaurant               23          $           175,000      $          533,472                   0.60   $          72,000               4.13                     The median asking price for businesses for sale in this market on BizBuySell was $307,500.
Retail - Other                    35          $           249,000      $          319,718                   1.03   $          85,591               3.80                    These businesses had a median revenue of $464,500 and a median cash flow of $95,000.
Service                           53          $           435,000      $          370,000                   1.67   $         105,000               4.57                    Owners asked for, on average, a revenue multiple of 1.21 and a cash flow multiple of 4.23.
Manufacturing                      9          $           399,000      $          653,000                   1.46   $         100,979               5.46
Other                             10          $           920,000      $         1,325,993                  0.60   $         331,990               3.03
Total                             130         $           307,500      $          464,500                   1.21   $          95,000               4.23                     In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 964 times and the listing detail was viewed an average of 54 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            BizBuySell analyzed 11 closed transactions in this market in Q4 2008. Businesses sold for a
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           median sale price of $300,000. On average, this is 0.91 of the ask price. These businesses had
                                                 in Searches         Viewed                                                                                                a median revenue of $500,000 and a median cash flow of $125,402. Business buyers paid on
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             average 0.81 times revenue and 3.71 times cash flow.
Retail - Restaurant               18                        1,127                       73
Retail - Other                    27                        1,036                       65
Service                           33                             885                    44
Manufacturing                      9                        1,199                       49
Other                             12                             596                    29
Total                             99                             964                    54


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                      10                              8%
$50,001 - $100,000                16                             12%
$100,001 - $200,000               28                             22%
$200,001 - $300,000               11                              8%
$300,001 - $500,000               15                             12%
$500,001 - $1,000,000             20                             15%
$1,000,001+                       30                             23%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                          Ad Headline                                        Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=11)                                                                                                                             $             300,000     $            375,000               0.91    $     500,000              0.81    $      125,402          3.71

Retail - Other             Other Eating & Drinking Places              Medina                Mexican Food Restaurant                                                        $              300,000    $             375,000               0.80   $     222,000               1.35   $       66,934          4.48
Service                    Other Personal Services                     Bexar                 Busy Tanning Salon-North Central San Antonio                                   $              150,000    $             150,000               1.00   $     215,114               0.70   $       32,887          4.56
Other                      Internet-General Internet                   Bexar                 Established Online Coupon & Dining Guide Business                              $               25,000    $               50,000              0.50   $       56,000              0.45   $       28,000          0.89
Service                    Landscaping & Yard Services                 Bexar                 Decorative Landscape Curbing                                                   $               30,000    $               32,000              0.94   $       88,600              0.34   $        8,580          3.50
Service                    Other Personal Services                     Bexar                 Personal training studio                                                       $               20,000    $               20,000              1.00   $       44,000              0.45   $       25,000          0.80
Service                    Other Business Services                     Bexar                 Very Profitable Pressure Cleaning Business                                     $            1,700,000    $           1,725,000               0.99   $    1,464,949              1.16   $      467,094          3.64
Service                    Other Business Services                     Bexar                 Office Filing Systems & Office Furniture-75% Seller Financing                  $              420,000    $             420,000               1.00   $    1,349,129              0.31   $      205,497          2.04
Service                    Drycleaning/Laundry Services                Bexar                 Great cash producing Dry Cleaners in NE San Antonio                            $              280,000    $             325,000               0.86   $     500,000               0.56   $      200,000          1.40
Service                    Other Business Services                     Bexar                 Booming Administrative Services Business For Sale in San Antonio               $              900,000    $           1,000,000               0.90   $     960,000               0.94   $      295,000          3.05
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q3 2008

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                               Avg. Multiple of                          Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue           Revenue          Median Cash Flow        Cash Flow                        Summary - San Antonio, TX, Q3 2008
Retail - Restaurant               22          $           174,500      $          488,359                  0.61   $            66,451              4.00                     The median asking price for businesses for sale in this market on BizBuySell was $320,000.
Retail - Other                    41          $           225,000      $          337,250                  0.86   $            70,000              3.79                    These businesses had a median revenue of $492,336 and a median cash flow of $100,000.
Service                           59          $           330,000      $          492,336                  1.62   $           108,840              4.16                    Owners asked for, on average, a revenue multiple of 1.15 and a cash flow multiple of 4.04.
Manufacturing                      7          $           399,000      $          716,000                  1.62   $           106,000              6.22
Other                             16          $           800,000      $         1,288,049                 0.65   $           307,500              3.38
Total                             145         $           320,000      $          492,336                  1.15   $           100,000              4.04                     In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,231 times and the listing detail was viewed an average of 71 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            Brokers reported 7 closed transactions in this market to BizBuySell in Q3 2008. Businesses
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           sold for a median sale price of $200,000. On average, this is 0.87 of the ask price. These
                                                 in Searches         Viewed                                                                                                businesses had a median revenue of $500,000 and a median cash flow of $99,312. Business
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             buyers paid on average 0.38 times revenue and 2.02 times cash flow.
Retail - Restaurant               13                        1,119                       70
Retail - Other                    29                        1,252                       86
Service                           43                        1,349                       65
Manufacturing                      6                        1,180                       49
Other                             12                             900                    63
Total                             103                       1,231                       71


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                       8                              6%
$50,001 - $100,000                17                             12%
$100,001 - $200,000               30                             21%
$200,001 - $300,000               16                             11%
$300,001 - $500,000               24                             17%
$500,001 - $1,000,000             19                             13%
$1,000,001+                       31                             21%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                          Ad Headline                                        Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=7)                                                                                                                              $             200,000     $            209,000               0.87    $     500,000              0.38    $       99,312          2.02

Retail - Other             Bars/Taverns                                Bexar                 San Antonio Bar, w/Karaoke                                                     $              125,000    $             125,000               1.00   $     269,900               0.46   $       37,626          3.32
Service                    Miscellaneous Repair Services               Bexar                 Well Established and Profitable Service Business                               $              325,900    $             325,900               1.00   $     912,213               0.36   $      120,448          2.71
Other                      Construction-Building                       Comal                 Hvac                                                                           $              350,000    $             497,650               0.70   $    1,449,392              0.24   $      365,462          0.96
Service                    Drycleaning/Laundry Services                Bexar                 Coin-Op & Full Service Laundromat                                              $              250,000    $             275,000               0.91   $     295,000               0.85   $       82,400          3.03
Retail - Other             Convenience Stores                          Bexar                 Convience store w/gas                                                          $               80,000    $               99,000              0.81   $     500,000               0.16   $       90,000          0.89
Service                    Auto Repair, Parts & Services               Bexar                 Profitable Auto Repair Service                                                 $              200,000    $             209,000               0.96   $     492,336               0.41   $       99,312          2.01
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q2 2008

BizBuySell Active Listings - Business for Sale Data

                                                   Median Asking                               Avg. Multiple of                           Avg. Multiple of
     Business Type                 N                 Sale Price          Median Revenue           Revenue           Median Cash Flow        Cash Flow                      Summary - San Antonio, TX, Q2 2008
Retail - Restaurant               21           $           199,000      $           575,000                  0.57   $           80,000               4.14                   The median asking price for businesses for sale in this market on BizBuySell was $317,500.
Retail - Other                    50           $           237,000      $           309,859                  0.95   $           70,000               3.68                  These businesses had a median revenue of $447,500 and a median cash flow of $99,406.
Service                           59           $           325,900      $           364,180                  1.62   $          105,000               4.11                  Owners asked for, on average, a revenue multiple of 1.15 and a cash flow multiple of 3.98.
Manufacturing                      7           $         2,900,000      $         1,686,361                  1.39   $          311,189               6.35
Other                             15           $           750,000      $         1,150,000                  0.70   $          292,959               3.16
Total                             152          $           317,500      $           447,500                  1.15   $           99,406               3.98                   In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,089 times and the listing detail was viewed an average of 60 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            Brokers reported 10 closed transactions in this market to BizBuySell in Q2 2008. Businesses
                                               Avg. Times Found Avg. Times Listing
                                                                                                                                                                           sold for a median sale price of $617,500. On average, this is 0.88 of the ask price. These
                                                  in Searches         Viewed                                                                                               businesses had a median revenue of $767,500 and a median cash flow of $196,500. Business
     Business Type                 N            (Past 4 Weeks)   (Past 4 Weeks)                                                                                            buyers paid on average 0.51 times revenue and 2.50 times cash flow.
Retail - Restaurant               18                              969                    48
Retail - Other                    38                         1,109                       75
Service                           54                         1,215                       59
Manufacturing                      6                              876                    40
Other                             16                              826                    47
Total                             132                        1,089                       60


Breakdown of Active Listings by Asking Price
          Price                Number                % of Total
$0 - $50,000                       8                               5%
$50,001 - $100,000                21                              14%
$100,001 - $200,000               30                              20%
$200,001 - $300,000               16                              11%
$300,001 - $500,000               23                              15%
$500,001 - $1,000,000             27                              18%
$1,000,001+                       27                              18%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                          County                                             Ad Headline                                    Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=10)                                                                                                                             $             617,500     $            665,000               0.88    $     767,500              0.51    $      196,500          2.50

Retail - Restaurant        Restaurants                                  Bexar                 Quiznos Franchise For Sale!!!! Best Buy For The Money!!!!!                    $              130,000    $             147,000               0.88   $     299,000               0.43   $       49,000          2.65
Retail - Other             Other Food Stores                            Bexar                 Meat processing, wholesale, retail                                            $            1,000,000    $           1,250,000               0.80   $    3,293,013              0.30   $      381,355          2.62
Service                    Other Personal Services                      Bexar                 Premier Wedding Photography Business, San Antonio/Austin                      $              135,000    $             160,000               0.84   $     218,152               0.62   $      124,680          1.08
Retail - Restaurant        Restaurants                                  Guadalupe             Outstanding steakhouse restaurant established 30 years                        $              750,000    $             780,000               0.96   $     900,000               0.83   $      198,000          3.79
Service                    Drycleaning/Laundry Services                 Bexar                 Very Profitable Dry Cleaners in North Central San Antonio                     $              485,000    $             550,000               0.88   $     635,000               0.76   $      195,000          2.49
Retail - Other             Other Eating & Drinking Places               Bexar                 Bakery/Deli                                                                   $               45,000    $               50,000              0.90   $     175,000               0.26   $       45,000          1.00
Service                    Other Business Services                      Bexar                 DOCUMENT MANAGEMENT COMPANY                                                   $            1,200,000    $           1,500,000               0.80   $    2,700,000              0.44   $      447,000          2.68
Retail - Other             Bars/Taverns                                 Bexar                 Bar@Downtown San Antonio,river walk!!!!!!!!!!!!!!!!                           $              250,000    $             299,000               0.84   $     556,000               0.45   $      120,000          2.08
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q1 2008

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                                Avg. Multiple of                           Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue            Revenue           Median Cash Flow        Cash Flow                      Summary - San Antonio, TX, Q1 2008
Retail - Restaurant               22          $           199,500      $           550,000                   0.61   $           78,850               4.01                   The median asking price for businesses for sale in this market on BizBuySell was $275,000.
Retail - Other                    60          $           225,000      $           319,718                   0.79   $           73,530               3.60                  These businesses had a median revenue of $407,664 and a median cash flow of $90,500.
Service                           51          $           300,000      $           339,017                   1.54   $          100,000               3.81                  Owners asked for, on average, a revenue multiple of 1.04 and a cash flow multiple of 3.82.
Manufacturing                      5          $         2,900,000      $          1,686,361                  1.82   $          311,189               8.06
Other                             16          $           623,825      $           905,766                   0.72   $          181,599               3.07
Total                             154         $           275,000      $           407,664                   1.04   $           90,500               3.82                   In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,197 times and the listing detail was viewed an average of 58 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            Brokers reported 8 closed transactions in this market to BizBuySell in Q1 2008. Businesses
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           sold for a median sale price of $237,500. On average, this is 0.92 of the ask price. These
                                                 in Searches         Viewed                                                                                                businesses had a median revenue of $825,000 and a median cash flow of $117,500. Business
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             buyers paid on average 0.48 times revenue and 2.04 times cash flow.
Retail - Restaurant               21                        1,205                       52
Retail - Other                    41                        1,344                       69
Service                           51                        1,220                       54
Manufacturing                      5                             831                    41
Other                             16                             847                    51
Total                             134                       1,197                       58


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                       9                              6%
$50,001 - $100,000                24                             16%
$100,001 - $200,000               35                             23%
$200,001 - $300,000               18                             12%
$300,001 - $500,000               22                             14%
$500,001 - $1,000,000             22                             14%
$1,000,001+                       24                             16%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                            Ad Headline                                      Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=8)                                                                                                                              $             237,500     $            262,000               0.92    $     825,000              0.48    $      117,500          2.04

Retail - Restaurant        Restaurants                                 Guadalupe              Outstanding steakhouse restaurant established 30 years                        $              750,000    $             780,000               0.96   $     900,000               0.83   $      198,000          3.79
Retail - Other             Other Eating & Drinking Places              Bexar                  Bakery/Deli                                                                   $               45,000    $               50,000              0.90   $     175,000               0.26   $       45,000          1.00
Retail - Other             Bars/Taverns                                Bexar                  Bar@Downtown San Antonio,river walk!!!!!!!!!!!!!!!!                           $              250,000    $             299,000               0.84   $     556,000               0.45   $      120,000          2.08
Retail - Other             Convenience Stores                          Bexar                  San Antonio Interstate Highway Convenience Store                              $              425,000    $             425,000               1.00   $    1,000,000              0.43   $      160,000          2.66
Retail - Other             Convenience Stores                          Bexar                  San Antonio Convenience Store, Gas & Car Wash, with Lease                     $              225,000    $             225,000               1.00   $     750,000               0.30   $      115,000          1.96
Retail - Other             Marine Dealers & Equipment                  Atascosa               Leading Motorcycle & Marine Dealership                                        $              595,000    $             750,000               0.79   $    3,000,000              0.20   $      300,000          1.98
Retail - Other             Convenience Stores                          Bexar                  Convience store-no gas                                                        $              140,000    $             149,000               0.94   $     110,000               1.27   $      100,000          1.40
Retail - Other             Convenience Stores                          Bexar                  Convenience store w/ gas                                                      $              162,000    $             179,000               0.91   $    1,200,000              0.14   $      110,000          1.47
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q4 2007

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                               Avg. Multiple of                          Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue           Revenue             Median Cash Flow     Cash Flow                        Summary - San Antonio, TX, Q4 2007
Retail - Restaurant               23          $           199,000      $          520,325                   0.59     $         77,700              3.89                     The median asking price for businesses for sale in this market on BizBuySell was $299,000.
Retail - Other                    60          $           249,000      $          378,000                   0.68     $         72,979              3.51                    These businesses had a median revenue of $480,000 and a median cash flow of $96,500.
Service                           55          $           300,000      $          381,940                   1.55     $        105,000              4.19                    Owners asked for, on average, a revenue multiple of 1.01 and a cash flow multiple of 3.91.
Manufacturing                      7          $         2,750,000      $         1,686,361                  1.71     $        311,189              7.34
Other                             21          $           497,650      $          903,060                   0.74     $        177,719              3.18
Total                             166         $           299,000      $          480,000                   1.01     $         96,500              3.91                     In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 1,279 times and the listing detail was viewed an average of 65 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            Brokers reported 5 closed transactions in this market to BizBuySell in Q4 2007. Businesses
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           sold for a median sale price of $170,000. On average, this is 0.94 of the ask price. These
                                                 in Searches         Viewed                                                                                                businesses had a median revenue of $325,000 and a median cash flow of $72,000. Business
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             buyers paid on average 0.59 times revenue and 2.72 times cash flow.
Retail - Restaurant               22                        1,223                       66
Retail - Other                    55                        1,520                       89
Service                           45                        1,165                       53
Manufacturing                      5                             905                    50
Other                             19                        1,011                       29
Total                             146                       1,279                       65


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                       7                              4%
$50,001 - $100,000                28                             17%
$100,001 - $200,000               34                             20%
$200,001 - $300,000               23                             14%
$300,001 - $500,000               23                             14%
$500,001 - $1,000,000             18                             11%
$1,000,001+                       33                             20%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                          Ad Headline                                        Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=5)                                                                                                                              $             170,000     $            189,000               0.94    $     325,000              0.59    $       72,000          2.72

Retail - Restaurant        Restaurants                                 Bexar                 Church's chicken franchise                                                     $              275,000    $             299,000               0.92   $     675,000               0.41   $       72,000          3.82
Retail - Other             Bars/Taverns                                Bexar                 Bar/ with real estate                                                          $              325,000    $             325,000               1.00   $     325,000               1.00   $      100,000          3.25
Retail - Other             Convenience Stores                          Bexar                 Convience store                                                                $              170,000    $             189,000               0.90   $     780,000               0.22   $      100,000          1.70
Retail - Other             Other Eating & Drinking Places              Bexar                 Ice Cream Store, Mall Location                                                 $              165,000    $             175,000               0.94   $     218,000               0.76   $       65,800          2.51
Retail - Other             Apparel and Accessory Stores                Bexar                 Retail Stores -- Mens Apparel                                                  $              140,000    $             150,000               0.93   $     250,000               0.56   $       60,000          2.33
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 48,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a free business valuation tool. Please
visit www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q3 2007

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                               Avg. Multiple of                         Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue           Revenue          Median Cash Flow       Cash Flow                         Summary - San Antonio, TX, Q3 2007
Retail - Restaurant               29          $           199,000      $          470,000                  0.57   $           63,500                3.53                    The median asking price for businesses for sale in this market on BizBuySell was $299,000.
Retail - Other                    50          $           294,000      $          480,000                  0.68   $           90,000                3.71                   These businesses had a median revenue of $470,000 and a median cash flow of $99,016.
Service                           55          $           310,000      $          339,017                  1.51   $         125,000                 3.83                   Owners asked for, on average, a revenue multiple of 1.07 and a cash flow multiple of 3.94.
Manufacturing                      8          $           960,000      $          575,000                  1.74   $         163,191                 6.39
Other                             15          $         1,200,000      $         1,107,035                 1.35   $         185,478                 4.60
Total                             157         $           299,000      $          470,000                  1.07   $           99,016                3.94                    In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 948 times and the listing detail was viewed an average of 56 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            Brokers reported 4 closed transactions in this market to BizBuySell in Q3 2007. Businesses
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           sold for a median sale price of $185,000. On average, this is 0.79 of the ask price. These
                                                 in Searches         Viewed                                                                                                businesses had a median revenue of $364,000 and a median cash flow of $62,500. Business
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             buyers paid on average 0.47 times revenue and 2.58 times cash flow.
Retail - Restaurant               25                        1,247                       56
Retail - Other                    44                        1,054                       87
Service                           43                             755                    34
Manufacturing                      7                        1,095                       60
Other                             16                             642                    26
Total                             135                            948                    56


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                       7                              4%
$50,001 - $100,000                26                             17%
$100,001 - $200,000               31                             20%
$200,001 - $300,000               18                             11%
$300,001 - $500,000               23                             15%
$500,001 - $1,000,000             21                             13%
$1,000,001+                       31                             20%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                         Ad Headline                                         Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=4)                                                                                                                              $             185,000     $            207,000               0.79    $     364,000              0.47    $       62,500          2.58

Retail - Restaurant        Restaurants                                 Bexar                 Ice Cream & Fruit Franchise Restaurant                                         $               45,000    $               75,000              0.60   $     220,000               0.20   $       31,000          1.45
Retail - Other             Liquor Stores                               Bexar                 North San Antonio Liquor Store, w/Inventory Included                           $              285,000    $             315,000               0.90   $     508,000               0.56   $       90,000          3.17
Retail - Restaurant        Restaurants                                 Bexar                 Casual Dining Restaurant, serves Breakfast & Lunch Only                        $               85,000    $               99,000              0.86   $     211,000               0.40   $       35,000          2.43
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 48,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a free business valuation tool. Please
visit www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q2 2007

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                               Avg. Multiple of                          Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue           Revenue          Median Cash Flow        Cash Flow                        Summary - San Antonio, TX, Q2 2007
Retail - Restaurant               22          $           246,500      $          525,000                  0.73      $         76,350              4.25                     The median asking price for businesses for sale in this market on BizBuySell was $312,500.
Retail - Other                    36          $           307,000      $          491,541                  1.04      $         83,500              5.03                    These businesses had a median revenue of $460,677 and a median cash flow of $99,508.
Service                           50          $           255,000      $          308,922                  1.56      $        119,000              3.74                    Owners asked for, on average, a revenue multiple of 1.24 and a cash flow multiple of 4.45.
Manufacturing                      7          $           199,000      $          236,000                  1.23      $         51,000              5.65
Other                             13          $           850,000      $         1,200,000                 1.38      $        177,719              5.27
Total                             128         $           312,500      $          460,677                  1.24      $         99,508              4.45                     In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 687 times and the listing detail was viewed an average of 40 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            Brokers reported 9 closed transactions in this market to BizBuySell in Q2 2007. Businesses
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           sold for a median sale price of $194,000. On average, this is 0.84 of the ask price. These
                                                 in Searches         Viewed                                                                                                businesses had a median revenue of $424,700 and a median cash flow of $53,000. Business
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             buyers paid on average 0.64 times revenue and 3.18 times cash flow.
Retail - Restaurant                8                             733                    33
Retail - Other                    10                             733                    67
Service                           16                             639                    37
Manufacturing                      2                             709                    27
Other                              5                             668                    14
Total                             41                             687                    40


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                       6                              5%
$50,001 - $100,000                19                             15%
$100,001 - $200,000               27                             21%
$200,001 - $300,000               11                              9%
$300,001 - $500,000               21                             16%
$500,001 - $1,000,000             18                             14%
$1,000,001+                       26                             20%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                          Ad Headline                                        Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=9)                                                                                                                              $             194,000     $            218,000               0.84    $     424,700              0.64    $       53,000          3.18

Retail - Other             Liquor Stores                               Bexar                 Liquor Store in Prime Location                                                 $              239,000    $             298,000               0.80   $     688,441               0.35   $      127,258          1.88
Service                    Educational Services                        Bexar                 New Internet International Publishing Company With Tremendous Opportun         $               28,000    $               40,000              0.70   $       13,869              2.02   $        9,074          3.09
Manufacturing              Printing, Publishing                        Bexar                 Independent Sign & Banner Production Company                                   $              137,500    $             149,000               0.92   $     211,000               0.65   $       46,500          2.96
Retail - Restaurant        Restaurants                                 Bexar                 Profitable Quizno's Sub Restaurant                                             $              208,000    $             218,000               0.95   $     435,000               0.48   $       90,000          2.31
Retail - Other             Liquor Stores                               Bexar                 Modern Liquor Store in Booming Part of San Antonio                             $              194,000    $             289,000               0.67   $     424,700               0.46   $       28,700          6.76
Service                    Beauty Salons, Barber Shops                 Bexar                 Profitable Med Spa & Day Spa                                                   $               80,000    $             115,000               0.70   $     127,000               0.63   $       53,000          1.51
Retail - Other             Miscellaneous Retail                        Bexar                 Profitable UPS Stores                                                          $              210,000    $             249,000               0.84   $     807,259               0.26   $       74,370          2.82
Retail - Other             Bars/Taverns                                Bexar                 Unique Wine Bar & Restaurant in North San Antonio                              $               55,000    $               55,000              1.00   $     130,000               0.42   $       28,000          1.96
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.
BizBuySell Local Quarterly Insight Report
San Antonio, TX
Q1 2007

BizBuySell Active Listings - Business for Sale Data

                                                  Median Asking                               Avg. Multiple of                        Avg. Multiple of
     Business Type                 N                Sale Price          Median Revenue           Revenue           Median Cash Flow     Cash Flow                          Summary - San Antonio, TX, Q1 2007
Retail - Restaurant               13          $           600,000      $         1,200,000                0.81     $        113,000              5.14                       The median asking price for businesses for sale in this market on BizBuySell was $345,000.
Retail - Other                    18          $           168,750      $          490,000                 0.66     $         73,509              3.17                      These businesses had a median revenue of $528,300 and a median cash flow of $106,000.
Service                           28          $           337,000      $          375,970                 1.78     $        108,000              4.57                      Owners asked for, on average, a revenue multiple of 1.20 and a cash flow multiple of 4.29.
Manufacturing                      3          $           325,000      $          272,000                 1.33     $        106,000              4.33
Other                              9          $           850,000      $         1,153,860                1.01     $        291,643              4.41
Total                             71          $           345,000      $          528,300                 1.20     $        106,000              4.29                       In the past 4 weeks, business for sale listings in this market were found in search results an
                                                                                                                                                                           average of 814 times and the listing detail was viewed an average of 49 times.
BizBuySell Active Listings - Search Activity Data
                                                                                                                                                                            Brokers reported 3 closed transactions in this market to BizBuySell in Q1 2007. Businesses
                                              Avg. Times Found Avg. Times Listing
                                                                                                                                                                           sold for a median sale price of $80,000. On average, this is 0.70 of the ask price. These
                                                 in Searches         Viewed                                                                                                businesses had a median revenue of $272,991 and a median cash flow of $53,000. Business
     Business Type                 N           (Past 4 Weeks)   (Past 4 Weeks)                                                                                             buyers paid on average 0.46 times revenue and 2.07 times cash flow.
Retail - Restaurant                5                             879                    58
Retail - Other                     7                        1,026                       76
Service                           19                             726                    43
Manufacturing                      3                             835                    46
Other                              4                             768                    19
Total                             38                             814                    49


Breakdown of Active Listings by Asking Price
          Price                Number               % of Total
$0 - $50,000                       4                              6%
$50,001 - $100,000                10                             14%
$100,001 - $200,000               14                             20%
$200,001 - $300,000                2                              3%
$300,001 - $500,000               15                             21%
$500,001 - $1,000,000              9                             13%
$1,000,001+                       17                             24%


Recently Closed Transactions Examples*
                               Business                                                                                                                                                                                                                              Revenue                          Cash Flow
     Business Type             Subtype                                         County                                        Ad Headline                                          Sale Price              Asking Price         Sale/Ask Ratio        Revenue         Multiple           Cash Flow      Multiple
Summary data for all closed transactions (n=3)                                                                                                                              $              80,000     $            150,000               0.70    $     272,991              0.46    $       53,000          2.07

Service                    Beauty Salons, Barber Shops                 Bexar                 Profitable Med Spa & Day Spa                                                   $               80,000    $             115,000               0.70   $     127,000               0.63   $       53,000          1.51
Other                      Wholesale-Nondurable Goods                  Bexar                 Embroidery Business                                                            $               70,000    $             150,000               0.47   $     272,991               0.26   $       28,000          2.50
Service                    Landscaping & Yard Services                 Bexar                 Landscaping & Lawn Maintenance Business                                        $              330,000    $             349,000               0.95   $     675,000               0.49   $      150,000          2.20
*Closed transactions are self-reported to BizBuySell by the representing brokers. Not all closed transactions are reported to BizBuySell and BizBuySell does not collect data from for-sale-by-owner transactions. Some transactions are excluded from example transactions due to confidentiality.


Counties included: Atascosa, Bandera, Bexar, Comal, Guadalupe, Kendall, Medina, Wilson

BizBuySell is the Internet's largest business for sale marketplace. Since 1995, BizBuySell has offered tools that make it easy for business owners and brokers to sell a business, and potential buyers to find the business of their dreams. BizBuySell
lists over 50,000 businesses - spanning 80 countries - for sale at any time, with over 4,500 added or updated each month. The site also features an extensive franchise directory and SBA loan center, as well as a business valuation tool. Please visit
www.bizbuysell.com.

				
DOCUMENT INFO
Description: Medical Billing Business for Sale document sample