For Immediate Release:
Dublin, CA (February 12, 2013)—The total of 55 small and mid-sized business for sale offerings sold in San Bernardino County last month represents a drop of about 15% from the total of 65 completed transactions during January of last year, it was reported by the BizBen Index.
"Part of the reason fewer San Bernardino deals closed last month is that some of the sale contracts that might have been fully executed in January were pushed into completion back in December, when possible. That’s because many owners wanted to avoid the higher capital gains tax rate they feared would be imposed on transactions with a 2013 close date," said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index. He said a total of 81 transactions were recorded in the county during December 2012. "A relatively busy sales month like December 2012, often results in a drop in activity the following month."
Siegel said the statewide business sales count in January was 1,179, about 3.6% short of the 1,223 transactions completed during the same month last year. He defines a small business as one that sells for $2 million or less.
The cities of Rancho Cucamonga and San Bernardino led the county with nine sales each last month. There were four sales each in Chino Hills, Ontario, Rialto, Upland and Victorville. A current 2013 total of business transfers, by city, in San Bernardino County is found at:http://www.bizben.com/stats/san-bernardino-county.php.
"Although the year is off to a slower start in business transactions, compared to last year, we remain optimistic that more businesses will change hands this year than in 201," according to Siegel.
"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 competitive advantage."
"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 many people in 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.
# # # #
For More Information
Contact: Peter Siegel
Phone: 866-270-6278 or 925-548-1892