For Immediate Release
Slight Decline In August For Santa Clara County's Business For Sale Deals Says BizBen.com Index
Dublin, CA (September 11, 2013) A total of 55 small and mid-sized business for sale offerings resulted in deals in Santa Clara County last month, a slight decline from the 58 sales of county businesses recorded during the same month last year, according to the BizBen.com Index. It 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.
"Although there were mixed results when comparing the county and state sales trends last month, we do anticipate gradual growth in the rate of completed deals on small and mid-sized Santa Clara County businesses in the months ahead," said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen.com Index
He also said, "Through the first eight months of this year there have been 9,830 business sales in 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."
Santa Clara County Figures & Stats:
San Jose recorded sales of 33 small businesses during August and there were six deals in the city of Santa Clara. Other active markets were Cupertino with four sales, and Gilroy, Milpitas, and Sunnyvale with three transactions each.
Sales figures for the year so far, by each city in the county, listed at http://www.bizben.com/stats/santa-clara-county.php are as follows:
Campbell: 13, Gilroy: 17, Milpitas: 20, Palo Alto: 20, San Jose: 229, Sunnyvale: 42, Cupertino: 21, Mountain View: 28, Santa Clara: 36, Los Gatos: 5, Morgan Hill: 8, Saratoga: 6, East Palo Alto: 1, Los Altos: 4, San Martin: 1, Redwood City: 1
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 achieving 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 for the state, listed 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 business sales for 16 years, to help business owners/sellers, buyers and the professionals participating in this market make informed choices and achieve success.
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 Santa Clara 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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