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.
Categories: Business For Sale Statistics
|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.
|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.
|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.
|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.
|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.
|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.
|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.
|Related Articles, Events, Blog Posts, Discussions, Videos, Interviews|
|Find Out Why 80% Of California Business Buyers Never Find And Buy A Business
First the dreaded statistic: 80% of all California business buyers looking to buy a small to mid-sized business in California never end up doing so! Peter Siegel, MBA BizBen Founder And Director at 866-270-6278 covers successful tactics all business buyers of small businesses should utilize.
|What Factors Are Considered In Valuing A Small Business? Advisors Weigh In
Valuing a small business is not guess work. It's not what some other businesses of the same type may have or may not have been sold for, it's not even what a business owner "feels" they want or deserve. It is a formula based on many factors. Peter Siegel, MBA from BizBen & others discuss this topic.
|Thinking Of Selling My Business: What Factors Create Value And Drive Price?
There are a lot of misconceptions about what enhances the value of a business. The following factors in this Discussion Post on BizBen are aspects of a business that really drives its value and pricing. Business owners thinking of selling should check these out these factors before selling.
|Top 100 List: This Week's Top Motivated Business Buyers & Their Requests!
If you're trying to sell a business - check out this week's top 100 business buyers - one of these buyers may be looking to buy your type and location of business! This list is updated weekly - make sure you check it frequently! Are you searching to buy - get on this list and reach seller direct!
|I am Buying A Business: Should I Buy The Property As Well? A Good Decision?
There are advantages and disadvantages to owning commercial property. Here are a few questions to ask when it comes to deciding whether or not to buy the property along with the business. Peter Siegel, MBA with the BizBen ProSell Program reviews this issue with potential sellers and intermediaries.
|Sellers Ask: How Long Should I Wait For The Buyer To Do Their Due Diligence?
Business sellers & buyers ask the question in the buying process-how long should I ask for due-diligence when buying a small business? The answer really depends on several factors. They include: type of business, demand for the business, complexity of the business. Advisors weigh in on this topic.
|Should I Buy A Business That is Losing Money? Feedback From Top Advisors
Are businesses worth taking a look at when they are losing money? Multiple Advisors & Business Brokers weigh in on this topic and say yes! (but be careful) on a BizBen Discussion. Some great feedback on this topic will make potential business buyers (and money losing sellers) want to read this info!
|Why Deals Fall Out: Unrealistic High Asking Prices Are Usually The Reason
The unfortunate truth is that approximately 50% of all small business sales transactions fall out. While failed transactions can happen for a many reasons, Peter Siegel, MBA (BizBen Director & Business Purchase Financing Expert) discusses the main reason deals fall through; steep asking prices.
|See All News, Tips And Events|