Small Businesses Sell for 2.7x Cash Flow. A 20% DCF Says 5.3x. The Owner's Salary Explains the Gap
BizBuySell's Q2 2026 report puts the average small-business sale at 2.7x cash flow. We ran the median $155,921 cash flow through a DCF: at a 20% discount rate it's worth $821K, until you pay the new owner a salary.