George Arabian, a
business broker with VR Business Brokers, was featured as a recent business sold on BizBen. George is a new guest blogger on this blog. He wrote about this business sale. The biggest challenge of the sale was recasting the financials so the buyer could qualify for a
SBA loan with 20% down.
For the full story of how this
retail business sold, see the press release.
Be sure to check out George's workshop about
business valuation on Thursday, February 15 from 7-8:30 in San
Francisco. He will explain the process of selling a business for the maximum value. George gives free one hour consultations to business buyers. If you're looking for a business to buy, or if you are getting ready to sell your business, take advantage of these free resources.
Businesses Sold in California Stats:
The retail business was one of 1,327 California businesses sold by owners of small businesses, business brokers, & real estate agents for the month of January 8, 2007 through February 5, 2007.
Sales of California businesses during this time period by County include:
Alameda County: 34, Amador County: 3, Butte County: 2, Calaveras County: 2, Contra Costa County: 22, El Dorado County: 13, Fresno County: 14, Inyo County: 1, Kern County: 24, Lake County: 1, Lassen County: 2, Los Angeles County: 473, Marin County: 19, Mendocino County: 2, Merced County: 10, Napa County: 3, Nevada County: 9, Orange County: 181, Placer County: 18, Riverside County: 60, Sacramento County: 10, San Bernardino County: 75, San Diego County: 70, San Francisco County: 53, San Joaquin County: 4, San Luis Obispo County: 15, San Mateo County: 25, Santa Barbara County: 20, Santa Clara County: 81, Santa Cruz County: 8, Sierra County: 1, Siskiyou County: 1, Solano County: 7, Sonoma County: 28, Stanislaus County: 11, Sutter County: 2, Tuolumne County: 1, Ventura County: 14, Yolo County: 6, Yuba County: 2.
21,500 California Businesses for Sale, Franchises, & Business Opportunities Were Sold in the last 13 months.
Sales of California businesses during this time period by month include:January 2007: 1,318
December 2006: 1,634
November 2006: 1,750
October 2006: 1,977
September 2006: 988
August 2006: 1,519
July 2006: 1,913
June 2006: 1,750
May 2006: 1,703
April 2006: 1,548
March 2006: 2,435
February 2006: 1,606
January 2006: 1,359
Comments:
