California business for sale transactions for last month - August hit a five-year high. Transactions are up 32% over the previous August it was reported by the BizBen Index.
The number of transactions completed in the month of August this year reached 1,615 compared to the 1,216 in August 2015. The 1,615 completed transactions in August are the highest total so far for any month since 2011.
"I think what we are seeing with the increase in small business for sale transactions this month compared to last year at this time is a perfect storm of sorts.” said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index.
Siegel added, "Real estate values in California are at levels not seen since before the Great Recession, and because of that people have more equity in their homes, and they are using that equity for down payments. The Stock Market is at an all-time high which means investors have more money to invest with. We are also seeing more access to investment capital as SBA loans for business acquisitions are at an all-time as well for the last two months. Add in the fact that we are in the summer months and a lot of people have extra time on their hands to search for businesses for sale and you end up with a record number of transactions. Here at BizBen.com, we personally have seen a dramatic increase in people signing up for our ‘ProBuy Program’, which is designed to help people acquire the business they want because they are eager to join the party before the summer ends.”
California Counties That Saw Improved Small Business Sales:
Among California Counties reporting the most growth in the sale of small and mid-market businesses last month are Alameda County with 92 transactions up from 53 the previous August, Los Angeles County posting 422 completed business transfers last month up from 337 the previous August.
The total business sales by county recorded last month, available at http://www.bizben.com/stats/stats-monthly-aug.php are:
Alameda: 92, Butte: 17, Calaveras: 1, Contra Costa: 20, El Dorado: 16, Fresno: 54, Imperial: 8, Kern: 40, Los Angeles: 422, Marin: 12, Merced: 25, Monterey: 23, Napa: 7, Nevada: 4, Orange: 125, Placer: 18, Riverside: 112, Sacramento: 38, San Bernardino: 61, San Diego: 134, San Francisco:61, San Joaquin: 23, San Luis Obispo: 10, San Mateo: 27, Santa Barbara: 17, Santa Clara: 57, Santa Cruz: 35, Shasta: 20, Solano: 29, Sonoma: 23, Stanislaus: 11, Tulare: 17, Tuolumne: 6, Ventura: 36, Yolo: 7
Sales totals posted by California county over the last nine years are available at:
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.
|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.
|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.
|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.
|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.
|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.
|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.
|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.
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