The number of completed deals involving business for sale offers in California reached 1,331 last month, a 15% increase over the 1,156 sales recorded during February of last year, according to figures released by the BizBen Index. The just completed month was the best February for California business sales since 2009.
Growth in the rate of sales for small and mid-sized businesses is important for California's economy because new owners often insure continued success of their businesses. Every year thousands of California's business founders or subsequent owners retire or become involved in other enterprises. Selling these companies to the next generation of owners can benefit the state's economy as fresh business leadership often results in, at least maintaining, and frequently expanding the number of employees and increasing the amount of taxes paid to local and state governments. And new ownership often benefits customers of the business as they receive better products and services.
Much of the reason for the increase in the numbers of California's business transfers can be attributed to improved availability of purchase money from a growing number of financial institutions. Another factor contributing to the trend is expansion of the state"s economy. An optimistic outlook encourages buyers and sellers to participate in the business-for-sale market.
Nearly all of the statess large counties posted increases in sales last month compared to the same 2014 period. February-to-February sales grew 12% in Los Angeles County to 347 transactions. San Diego County posted a 28% increase to 123 sales. Growth in Orange County deals to a total of 148 last month represents a 17.5% increase compared to February last year. Riverside County recorded a 58% increase in deal count last month with 60 business transfers.
Northern California's large county with the biggest sales gain in February is Santa Clara, posting an increase of 77.8% to 84 transactions. Other sizeable counties in the northern part of the state showing considerable sales increases last month are Contra Costa with 32 sales, an 18.5% increase over February 2014 numbers; San Francisco which posted 57 deals, up by 18.8% compared to last February; and Alameda County, registering 60 closed deals for a 9% gain compared to last February.
The sales totals posted by California County during last month, available at http://www.bizben.com/stats/stats-monthly-feb.php are as follows: Alameda: 55,
Alameda: 60, Amador: 1, Butte: 4, Calaveras: 1, Contra Costa: 32, El Dorado: 3, Fresno: 35, Kern: 19, Lassen: 2, Los Angeles: 347, Mariposa: 1, Mendocino: 1, Merced: 6, Monterey: 11, Napa: 6, Nevada: 4, Orange: 148, Placer: 13, Riverside: 60, Sacramento: 24, San Bernardino: 59, San Diego: 123, San Francisco: 57, San Joaquin: 21, San Luis Obispo: 23, San Mateo: 10, Santa Barbara: 19, Santa Clara: 84, Santa Cruz: 12, Shasta: 6, Siskiyou: 2, Solano: 11, Sonoma: 31, Stanislaus: 23, Sutter: 4, Trinity: 3, Tulare: 16, Ventura: 27, Yolo: 13, Yuba: 1
Sales totals by California county over the past several years can be found 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 to make informed choices and achieve success.
#about#BizBen Index Contributor: Peter Siegel, MBA is the Founder of BizBen.com and the Director of BizBen and the BizBen Network. If you are searching to buy or sell a California small business make sure you are a part of the BizBen Network (it's free to belong). Feel free to phone Peter Siegel direct at: 925-785-3118 to be added to the BizBen Network.
|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.
|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.
|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.
|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.
|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.
|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.
|Peter Siegel MBA, BizBen Founder, ProBuy, ProSell, ProIntermediary Programs
Founder Of BizBen.com (since 1994). I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I consult daily with buyers, sellers, and brokers daily about buying and selling California small to mid-sized businesses. Call 925-785-3118.
|Ryan Clark, Business Broker: Southern California
The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups. Phone Ryan, Business Broker at 310-652-8353.
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