For Immediate Release
August Business for Sale Deals In Orange County Up By One-Third Says BizBen.com Index
Dublin, CA (September 11, 2013) The 119 small and mid-sized business for sale offerings that changed hands in Orange County last month represent a jump of nearly one-third over the 90 transactions completed the prior August, according to the BizBen.com Index. The company also reported growth of 21.9% in the number of California businesses sold last month, with 1,137 transactions, compared to the 932 deals completed in August of last year.
"While the county and state recorded solid growth in completed deals on California businesses during August, the recovery in this marketplace is happening at a slower rate than we’d like," said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index. “Through the first eight months of this year there have been 9,830 business sales in all of California. That's an improvement over the 9,397 deals at this time last year, but still behind the pace of transactions in 2008, when there were more than 15,000 completed sales posted during the first eight months of the year."
Orange County Figures & Stats:
Garden Grove small business deals accounted for 12 of the county's sales last month. There were ten Anaheim businesses sold, nine deals in Huntington Beach and seven each in Buena Park and Fountain Valley. Other active markets were in Fullerton, Newport Beach, Santa Ana and Tustin, each posting six deals for the month.
Sales figures for the year so far, by each city in the county, listed at http://www.bizben.com/stats/orange-county.php are as follows:
Anaheim: 119, Brea: 18, Buena Park: 38, Costa Mesa: 49, Dana Point: 9, Fullerton: 58, Garden Grove: 72, Huntington Beach: 85, Irvine: 78, La Habra: 34, Laguna Beach: 22, Lake Forest: 21, Mission Viejo: 22, Newport Beach: 34, Orange: 56, Placentia: 5, San Clemente: 30, Santa Ana: 71, Tustin: 33, Westminster: 32, Aliso Viejo: 5, Balboa: 1, Cypress: 12, Fountain Valley: 20, La Palma: 7, Laguna Hills: 6, Laguna Niguel: 18, Stanton: 21, Yorba Linda: 10, Foothill Ranch: 1, Rancho Santa Margarita: 9, San Juan Capistrano: 10, Ladera Ranch: 4, Los Alamitos: 4, Trabuco Canyon: 6, Midway City: 1, Corona Del Mar: 6, Seal Beach: 3, Coto De Caza: 2, Laguna Woods: 3
"The rate of sales in this market should continue to grow in the months ahead, as more baby boomer owners decide to retire, and more individuals become dissatisfied with their options in the jobs market," said Siegel.
Siegel noted, "Upward pressure on the rate of sales in this market comes from the large number of baby boomer owners deciding to retire, and also the growing number of Californians who are dissatisfied with their options in the jobs market and are seeking another career path. But we have yet to experience the sales boom we've expected in the business for sale marketplace. There still are challenges that face many Californians who should be making a career move--either selling or buying a business--but are hesitant to decide on life changes at a time when there still is some uncertainty about the short-term, even long-term prospects for the economy."
But we also observe people who are able to overcome some of the challenges and achieve their buying and selling objectives in this economic environment. They are implementing innovative ways to succeed when they work to raise money, negotiate agreements despite their differences, and solve escrow problems so they can complete their deals. A number of their successful strategies are discussed in my newly released ebooks: Buying a California Business in the New Economy, and Selling a California Business in the New Economy
August 2013 sales by county, found at: http://www.bizben.com/stats/stats-monthly-aug.php are as follows:
Alameda: 45, Amador: 1, Butte: 4, Calaveras: 3, Contra Costa: 12, El Dorado: 6, Fresno: 27, Imperial: 1, Inyo: 1, Kern: 32, Kings: 1, Lake: 2, Los Angeles: 327, Mendocino: 4, Mono: 1, Monterey: 17, Napa: 10, Nevada: 1, Orange: 119, Philadelphia: 1, Placer: 9, Riverside: 63, Sacramento: 30, San Bernardino: 51, San Diego: 116, San Francisco: 40, San Joaquin: 15, San Luis Obispo: 6, San Mateo: 13, Santa Barbara: 8, Santa Clara: 55, Santa Cruz: 4, Shasta: 4, Solano: 21, Sonoma: 27, Stanislaus: 12, Sutter: 6, Tulare: 8, Tuolumne: 4, Ventura: 17, Yolo: 6, Yuba: 2
Sales statistics by city and county throughout the state for the past four years are accessed at http://www.bizben.com/stats/stats-total.php.
The BizBen.com Index has been collecting and reporting information about small California small business sales stats for 16 years.
About: Peter Siegel, MBA is the Founder & Senior Advisor (ProBuy & ProSell Programs) at BizBen.com, and the BizBen Network (established 1994, 8000+ California businesses for sale, 500 new & refreshed postings/posts daily). He consults daily with Orange County business buyers, small business owners/sellers, business brokers, agents, investors, and advisors. He is the author of numerous eBooks and articles on the topic of Buying & Selling California businesses. Reach him direct at 866-270-6278 to discuss strategies regarding buying, selling, (or financing a puchase of) California small to mid-sized businesses.
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For More Information
Contact: Peter Siegel
Phone: 866-270-6278 or 925-548-1892
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