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Climb in May Sales of Small California Businesses

Contributed by Peter Siegel, MBA

Sales of small and mid-sized California businesses increased in May to 1,859, compared to the 1,768 completed deals recorded the prior month, maintaining a growth trend that has continued through 2009.

While overall activity is at record lows this year, the month-to-month rise in business sales since January demonstrates that the marketplace for businesses is recovering from the serious credit crunch and related problems that have affected the entire economy.

Sales of businesses in May 2009 by California county are as follows:

Alameda: 54, Amador: 5, Butte: 15, Contra Costa: 46, El Dorado: 14, Fresno: 30; Glenn: 3, Imperial: 5, Kern: 26, Los Angeles: 606; Madera: 2, Marin: 9, Mendocino: 1, Merced: 2, Mono: 1, Monterey: 23, Napa: 9, Orange: 212, Placer: 22, Riverside: 41, Sacramento: 57, San Bernardino: 114, San Diego: 241, San Francisco: 25, San Joaquin: 20, San Luis Obispo: 19, San Mateo: 17, Santa Barbara: 32, Santa Clara: 70, Santa Cruz: 8, Solano: 21, Sonoma: 11, Stanislaus: 18, Sutter: 6, Tehama: 2, Trinity: 1, Tulare: 14, Tuolumne: 4, Ventura: 46, Yolo: 6, Yuba: 1.

Posted on June 4, 2009 | Email This Blog Post | Print This Blog Post | All Contributions From Peter Siegel, MBA

Categories: Business For Sale Statistics

Comments:

I wonder what impact bank lending is having on this? When there's more money available, people are more optimistic about business, generally, and more willing to take some risks. And there have been more loans the past few weeks for people who want to buy and to expand small businesses than at just about any other time this year. The SBA made some changes by raising its guarantees and reducing costs for borrowers. Looks like those moves could be working.

Posted by: Leung T.

If you look at month to month results compared to last year, the sales last month were less than in May, 2008, but the decline was less than the monthly comparisons earlier in the year. (This info is taken from the sales stats on this site). I guess that's progress.

Posted by: David H.

This news might be a really good sign. It shows that people are more optimistic if there are more deals getting done. Also, it shows that small business people are determined to close deals and more of them (buyers and sellers and brokers) are not letting the bad economy and the problems borrowing money get in the way of doing business.

Posted by: Ron F.

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About This Blog

	Peter Siegel, MBA is a nationally known consultant and author - with over 25 years experience on the topic of selling, buying, and niche financing (the purchase of), small to mid-sized businesses. His clients include: business buyers, business owners/sellers, small business advisors, and business brokers.
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