California business for sale transactions for this April are up 14% over the previous April, it was reported by the BizBen Index. The number of transactions completed in the month of April this year reached 1,362 compared to the 1,193 of 2015. The 1,362 completed transactions represents a slight decrease from the total sold last month, but so far this year sales are up 12.6% over last year.
"I think what we are seeing with the increase in small business for sale transactions this year is that the economy, specifically the California economy, is improving.’ said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index.
Siegel explained, "Because of the improved economy both in California and nationwide, we are seeing more small business owners decide that now is the time to sell and more buyers willing to invest.”
Other reasons for the improved sales rate, according to Siegel, are easier access to business purchase loans from both SBA-backed and non-SBA lenders, and increased willingness of buyers and sellers to commit to a transaction as they see the economy improving.
Siegel also noted, “As I’ve said in the past, when we see an increase in business for sale transactions, it’s a good sign for the California economy. It shows that both buyers and sellers are confident in the future and confidence is a major factor in the willingness of people to invest.”
"If the economy continues to improve and current lending practices stay stable we just may see a record year for small business for sale transactions."
Larger Counties With Improved Sales
Among large Southern California Counties reporting growth in the sale of small and mid-market businesses last month are Los Angeles County with 318 transactions, Orange County posting 163 completed business transfers last month, a gain of nearly 23% over the 132 transactions posted the previous April; and San Diego County with a rate of sales increase of 26% to 141 sales last month vs. 103 the previous year.
The BizBen Index reported growth last month in some of the largest Northern California counties including San Francisco where 54 sales were completed compared to 52 deals the previous April, and Santa Clara County, posting 71 deals last month vs. 66 during April 2015.
The total business sales by county recorded last month, available at http://www.bizben.com/stats/stats-monthly-mar.php are:
Alameda: 75, Amador: 3 Butte: 16, Contra Costa: 17, El Dorado: 10, Fresno: 34, Imperial: 12, Kern: 39, Kings: 1, Los Angeles: 318, Madera: 1, Marin: 9, Merced: 7, Monterey: 18, Napa: 8, Nevada: 9, Orange: 163, Placer: 4,Riverside: 80, Sacramento: 54, San Bernardino: 49, San Diego: 154, San Francisco: 54, San Joaquin: 18, San Mateo: 18, Santa Barbara: 14, Santa Clara: 71, Santa Cruz: 10, Shasta: 8, Solano: 11, Sonoma: 22, Stanislaus: 11, Tehama: 1, Tulare: 10, Tuolumne: 3, Ventura: 39, Yolo: 5
Sales totals posted by California county over the last nine years are available at: http://www.bizben.com/stats/stats-total.php
The BizBen Index has been collecting and reporting information about small California business sales for 17 years, to help business owners/sellers, buyers and the professionals participating in this market make informed choices and achieve success. Sources for the information come from California's Secretary of State office and other government agencies.
Categories: Business For Sale Statistics
|Helpful Resources To Assist In Selling And Buying California Businesses|
|Ranvir S. Sandhu, Esq. - Legal Services For Buyers And Sellers
I've worked at top Bay Area law firms and have extensive experience with business entity formation, mergers, dissolutions, conversions, employment matters, including experience in reviewing and negotiating transactional documents such as leases and purchase agreements.
|Helen Yoo: Escrow & Bulk Sale Services - Southern California
New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
|Mark Chatow, Esq.: Legal Services For Buying, Selling Businesses
Mark has a broad range of small business purchase & sale experience from analyzing potential acquisition targets to successfully guiding buyers and sellers through the purchase & sale of small businesses. Mark can assist with contracts, negotiations, legal matters, etc. Reach Mark at 949-478-8393.
|Elizabeth McGovern: Escrow Services - SF Bay Area
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
|Willard Michlin, CPA, Certified Fraud Examiner, Due Diligence Services
Willard Michlin, CPA #106752, offers buyers step by step training & assistance in doing Due Diligence Services when they are thinking of making an offer, or are in process of investigating a business purchase. He helps to determine the actual net profit even when there is cash. Call 805-428-2063.
|Janet Carrera - Escrow & Bulk Sale Services - SF Bay Area
Redwood Escrow Services, Inc. is a full service, licensed independent escrow company. We are EAFC Fidelity bonded, fully insured & licensed with the Department of Corporations. Committed to offering our clients the most comprehensive variety of escrow services available. Phone Janet at 510-247-0741.
|Brad Steinberg, Broker - Laundromat Specialists
PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.
|Joe Sandbank, Esq. - Legal Services
I have provided legal counsel to business buyers, sellers and brokers for over 17 years. With prior experience as a business broker and SBA loan officer, Joe brings both a practical and legal approach to all aspects of the business acquisition process.
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