BizBen In The News This Week


Recent inquiries by business reporters from a major metropolitan daily newspaper and a news radio affiliate demonstrate a growing interest on the part of the media in learning about the buying and selling of small California businesses during this economic crisis, and talking to BizBen to get information.

BizBen was contacted this past week by Cyndia Zwahlen, small business reporter for the Los Angeles Times, and Melissa Culross, news anchor for KCBS Radio in San Francisco. Their questions concerned the level of business sales and how that activity reflects the current trends in the state and national economies. In response, the reporters were told that the volume of closed business deals this year has declined significantly compared to the past, and that completed sales activity in July was particularly slow.

Cited as a key reason was the current difficulty buyers face when trying to obtain loans needed to take over a business. Also a factor is the seasonal aspect--that volume of deals traditionally drops in the summer when buyers, sellers and brokers are on vacation.

The Los Angeles Times article is accessed at

http://www.latimes.com/business/la-fi-smallbiz28-2009jul28,0,7081326.story

Categories: BizBen News


Comments Regarding This Blog Post


As a broker who specializes in selling restaurants and bars, etc., I can attest that, yes, listings for food/beverage establishments do drop off in the summer, mainly because many owners are having their best months of the year, and are not thinking about selling. Business sales, unlike home sales, will have their best months sometimes in the 4th quarter and 1st quarter of the following year, because many owners will put their business up for sale during the Fall season.






  Helpful Resources To Assist In Selling And Buying California Businesses
Janet Carrera: Escrow & Bulk Sale Service - 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.

Helen Yoo, New Century Escrow - Escrow Services In 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.

Brad Steinberg, Business Broker: Laundromat Specialist

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.

William F. Ziprick, Attorney: Legal Services For Buyers And Sellers

Through creative problem solving, attention to detail, accessibility, & understanding that unnecessary delay is often a deal killer, I work closely with my clients and other professionals to consistently achieve a high rate of closings. Office: 909-255-8353, Cell: 509-951-7230.

Shalonda Chappel: Escrow & Bulk Sale Services - Southern California

Escrow services to brokers/agents, sellers, & buyers. Established 43 years. Extraordinary service. Experienced with handling difficult transactions. One stop for all your escrow needs: Bulk sales, lien searches, UCC searches, liquor license transfers, publishing & recording services. 951-808-3972.

Elizabeth McGovern: Escrow Services - San Francisco 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.

Diane Boudreau-Tschetter: Escrow & Bulk Sale Services - CA

California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.


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