California business for sale transactions continue on their record setting pace. Deals are up again in October and that makes it nine out of 10 months this year that business for sale transactions have been up year over year it was reported by the BizBen Index. The number of transactions completed in the month of October this year reached 1,448 compared to the 1,366 of 2015. The 1,448 completed transactions also represents a 10% increase from the total sold last month, and so far this year sales are up 11% over last year.
"With each and every positive report on the economy that we see, we also see an increase in small business for sale transactions." said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index.
Siegel explained, "When the economy improves people have the confidence to make big purchases. Whether it's a car, a house or a business, if people feel secure financially the are willing to make investments they night not otherwise make during an economic downturn."
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, as well as low interest rates which make borrowing money cheap.
Siegel also noted, "An improving economy and access to cheap money always makes for a favorable environment to complete large financial transactions."
Larger Counties With Improved Sales
Among large California Counties reporting growth in the sale of small and mid-market businesses last month are Los Angeles County with 380 transactions, Orange County posting 152 completed business transfers last month and San Bernardino County with a rate of sales increase of 54% from 89 sales last month vs. 54 the previous year.
The total business sales by county recorded last month, available at http://www.bizben.com/stats/stats-monthly-oct.php are:
Alameda: 51, Amador: 1 Butte: 7, Calaveras: 1, Contra Costa: 14, El Dorado: 5, Fresno: 42, Imperial: 6, Kern: 31, Lassen: 2, Los Angeles: 380, Madera: 3, Marin: 15, Merced: 1, Monterey: 9, Napa: 5, Nevada: 6, Orange: 152, Placer: 6, Riverside: 53, Sacramento: 51, San Bernardino: 83, San Diego: 110, San Francisco:57, San Joaquin: 36, San Luis Obispo: 16, San Mateo: 43, Santa Barbara: 27, Santa Clara: 79, Santa Cruz: 10, Shasta: 5, Solano: 17, Sonoma: 28, Stanislaus: 29, Sutter: 4, Tehama: 1, Tulare: 6, Tuolumne: 1, Ventura: 20, Yolo: 7
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.
About The Author: Peter Siegel, MBA is the Founder And Administrator of BizBen.com (established over 20 years!) and is a Business Purchase Financing expert (SBA and Non-SBA financing) - see BizBuyFinancing.com. He consults daily with California business buyers, owner/sellers, business brokers, and agents regarding buying and selling California small businesses. Call him today regarding advice on finding, buying, selling, financing a business purchase/getting pre-qualified (ask about the BizBen ProBuy and ProSell Programs for business buyers and owner/sellers, and brokers). He'll also give you referrals to the best resources on buying and selling businesses, brokers, etc and a FREE copy of his eBooks "How To Find And Buy A California Business Successfully" or "Valuing And Selling A California Business Successfully" with any personal consulation/service. Peter Can be reached direct at 866-270-6278 (if you get voicemail please leave some good times to reach you and a detailed message - thanks).
Categories: BizBen Blog Contributor
|Helpful Resources To Assist In Selling And Buying California Businesses|
|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.
|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.
|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.
|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.
|Diane Boudreau-Tschetter: Escrow And Bulk Sale Services
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.
|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.
|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.
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