California business for sale transactions for this July are down from the same time period last year. This is the first time this year that sales have been down year over year for any month it was reported by the BizBen Index. The number of transactions completed in the month of July this year reached 1,381 compared to the 1,493 in July 2015. The 1,381 completed transactions represents a slight decrease from the total sold at this time last year, but so far this year’s total sales are still up 10% over last year.
"I think what we are seeing with the decrease in small business for sale transactions this month compared to last year at this time is just a hiccup in what has otherwise been a great year” said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index.
Siegel added, "Sales this July were actually up over the previous month of June and are up 10% so far compared to this same time last year. So, one down month isn’t anything to be worried about it. I still feel that by the time we get to the end of the year we are going to see total year sales up over the previous year and that’s obviously a good thing for California and the economy in general.”
Counties That Saw Improved Sales Year Over Year
Among California Counties reporting growth in the sale of small and mid-market businesses last month are Alameda County with 81 transactions up from 10 the previous July, Orange County posting 124 completed business transfers last month up from 112 the previous July.
The total business sales by county recorded last month, available at http://www.bizben.com/stats/stats-monthly-jul.php are:
Alameda: 81, Amador: 3 Butte: 11, Calaveras: 1, Contra Costa: 11, El Dorado: 3, Fresno: 45, Imperial: 5, Kern: 32, Los Angeles: 342, Marin: 8, Merced: 12, Monterey: 13, Napa: 10, Nevada: 10, Nevada: 4, Orange: 128, Placer: 18, Riverside: 54, Sacramento: 40, San Bernardino: 45, San Diego: 110, San Francisco:64, San Joaquin: 34, San Mateo: 14, Santa Barbara: 10, Santa Clara: 81, Santa Cruz: 14, Shasta: 10, Solano: 16, Sonoma: 28, Stanislaus: 9, Tulare: 4, Tuolumne: 4, Ventura: 29, Yolo: 14
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.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|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.
|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.
|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.
|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.
|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.
|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.
|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.
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