A total of 1,068 small and mid-sized California businesses changed hands last month, a small increase from the 1,057 deals closed during May of last year. This appears to be a continuation of the month-to-month fluctuation in results as the market slowly improves. The May 2011 deal count was up about eight percent from the 986 transactions completed the previous month (April 2011), which turned in the lowest sales record for any month this year.
We're observing the same pattern in small business sales figures that stock market investors are experiencing. Some months are better than others and there’s no straight-line trend. But overall the sales volume is improving from the worst part of the recession.
Sales activity was particularly strong in the state’s large counties. The total of 307 deals in Los Angeles County last month represents more than a 13% improvement over the 267 transactions recorded in April. The count of 94 sales in Orange County last month meant a 5.6% improvement over the 86 sales in May of last year, but a decline of about 8.7% from the 103 deals concluded in April 2011. San Diego County figures were up to 105 last month compared to 94 sales in May 2010 and just 62 deals completed in April 2011.
Also showing strong sales in the just completed month were Riverside County with 54 transactions and Sacramento posting 33. There were 43 sales in San Bernardino County, 61 in San Francisco, and 24 in Stanislaus County, all figures higher than the sales totals posted for the counties during the previous May and the previous month (April 2011).
Buyers, sellers, business brokers and loan brokers report that easier access to borrowed funds and more creative deal structuring are helping to lift the California businesses for sale market out of the doldrums.
The May sales totals, by county, listed on the BizBen.com Index, at http://www.bizben.com/stats/stats-monthly-may.php are as follows:
Alameda: 36, Amador: 2, Contra Costa: 20, El Dorado: 5, Fresno: 19, Imperial: 2, Kern: 21, Lassen: 1, Los Angeles: 303, Marin: 8, Mendocino: 1, Merced: 3, Monterey: 12, Napa: 5, Orange: 94, Placer: 10, Riverside: 54, Sacramento: 33, San Bernardino: 43, San Diego: 105, San Francisco: 61, San Joaquin: 25, San Luis Obispo: 11, San Mateo: 17, Santa Barbara: 11, Santa Clara: 55, Santa Cruz: 12, Shasta: 11, Solano: 6, Sonoma: 14, Stanislaus: 24, Sutter: 1, Tehama: 1, Trinity: 1, Tulare: 9, Tuolumne: 1, Ventura: 25,Yolo: 6
This information is provided by the BizBen.com Index, which for the past 15 years has collected and reported important data about California’s small businesses for sale market.
About the Author: Peter Siegel, MBA is the Founder of www.BizBen.com (established 1994 - 7000+ California businesses for sale, 200 new listings daily) and the Director of the BizBen Network (16,000 business buyers, 4,000 small business owners, 1,800 California business brokers & agents). BizBen.com offers business buyers free online webinars/educational events, and phone consultations on the best way to find and buy a California small to mid-sized business. Business buyers can reach Peter Siegel direct at 866-270-6278.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|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.
|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.
|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.
|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.
|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.
|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.
|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.
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