For Immediate Release:
Dublin, CA (February 12, 2013) - A total of 9 small and mid-sized business for sale offerings were sold in Santa Cruz County last month, nearly 36% fewer than the 14 deals concluded during January 2012, according to the BizBen Index. The company also reported the statewide business sales count in January was 1,179, a decline from the 1,223 transactions completed during the same month last year.
"Although the year is off to a slower start in business transactions both in Santa Cruz County and statewide, compared to last year, we remain optimistic there will be more sales activity in the market this year than in 2012," said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index. Siegel defines a small business as one that sells for $2 million or less.
"Easier access to funds from financial institutions will be an important factor in a more active business for sale marketplace throughout the state. Financial institutions aren’t handing out cash like they did before the mortgage meltdown. But many are starting to loosen up on the purse strings and make loans for solid deals.
"And we’re seeing more innovative strategies being used by smart California entrepreneurs. Fresh approaches are needed to overcome some of the deal killers we’ve had to cope with in the past few years. This is a New Economy for those participating in the small business for sale market in California. It comes with some new challenges. People who are figuring out how to adapt to this environment are giving themselves an important advantage."
Santa Cruz County’s most active business sales markets last month were the cities of Ben Lomond and Santa Cruz, each with four sales. The other deal was for a business in Watsonville. The county’s year-to-date business sales figures reported by city, are found at: http://www.bizben.com/stats/santa-cruz-county.php.
"The long term picture for the California small business transfer market looks very promising," said Siegel. "More businesses are starting to become available for sale because members of the large population of baby boomer business owners are starting to retire. And simultaneously, the demand curve is rising as more Californians are becoming disenchanted with the chances of continuous and high paying employment. They’re deciding to purchase fast food franchises, auto service shops, retail stores and other small companies so they can control their financial futures."
The California business sales totals for January 2013, by county, are noted below and available at: http://www.bizben.com/stats/stats-monthly-jan.php
Alameda: 32, Amador: 7, Butte: 4, Contra Costa: 36, El Dorado: 3, Fresno: 43, Glenn: 1, Imperial: 3, Kern: 27, Los Angeles: 289, Madera: 2, Marin: 4, Mariposa: 1, Merced: 6, Monterey: 14, Nevada: 5, Orange: 129, Placer: 11, Riverside: 50, Sacramento: 36, San Bernardino: 55, San Diego: 132, San Francisco: 31, San Joaquin: 16, San Luis Obispo: 24, San Mateo: 25, Santa Barbara: 13, Santa Clara: 47, Santa Cruz: 9, Solano: 7, Sonoma: 28, Stanislaus: 27, Sutter: 4, Tehama: 7, Trinity: 1, Tulare: 11, Tuolumne: 4, Ventura: 23, Yolo: 7.
The BizBen Index figures, showing the sales rates by city and county throughout the state for the past four years are accessed http://www.bizben.com/stats/stats-total.php.
The BizBen.com website features more than 8,000 California businesses for sale and businesses wanted postings, along with offerings of new franchises and business opportunities. Since 1994 this niche online network and service has proved a valuable tool for thousands of California business buyers, small business owners/sellers, intermediaries, and advisors. The site also includes articles, resources, news and tips, and a daily blog. For the past 16 years, its BizBen Index has collected and reported on all business sales statistics, by county and city, throughout the state.
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For More Information
Contact: Peter Siegel
Phone: 866-270-6278 or 925-548-1892