WSJ Small Biz for Sale

WSJ runs a site at http://online.wsj.com/fragment/small_business_businessforsale.html?frame_src=http%3A%2F%2Fwww.bizbuysell.com%2Fcgi-bin%
2Fadsearch&ir=1&J=W&tab=eb&countyselresulttxtfieldname=init&s=PA&i=XX&submit=SEARCH to search for small businesses for sale by category, geography, etc. I typed in a couple of topics of interest to me (Bucks County, Doylestown, etc.) and found several things of note. Not only were many local businesses for sale (it's not always obvious which specific business it it, but you can narrow it down), but there's some useful info about the cash flow, available inventory and other financials. To get a rough P/E, I divided asking price/cash flow; several are in the familiar area around 4.0, but many are much less than that, even less than 2. This is probably an indicator of a rough economic period with tight credit, but may offer some attraction to buyers who have moderate financing of $100k-200k available and who believe that the market for traditional ventures (nails, fast food, cleaning) is resilient and will make a good comeback.