Postings Advertise Resources Blog Discussions About Us Register Login BizBen Podcast   BizBen Podcast  
BizBen.com
500 New & Refreshed Posts, Postings Daily
Over 8,000 Postings & 2,500 Resources
Assisting Buyers & Sellers Over 25 Years!

Categories

More Entrepreneurs Purchase A Small Business In California In February

The number of deals to purchase a business in California showed modest improvement last month over sales of small and mid-market businesses during the same month a year ago, suggesting continued growth is taking hold in the market. Some 1,002 escrows closed during the month, compared to 959 concluded transactions in February 2009.

So far, this looks like the slow and steady improvement we’ve been anticipating. Conditions for sales activity aren't improving in any meaningful way. To a great extent it’s the resourcefulness of California’s entrepreneurs that has been responsible for this growth.

People who want to purchase a business still are having trouble getting lenders to help them fund deals. And the mood of uncertainty is casting its shadow on the small business sales market, just as it influences the stock market, the real estate business and other key sectors of the economy.

But rather than sitting on their hands and waiting for all the lights to turn green, a lot of buyers and sellers are finding ways to put deals together. We’ve seen an increase in seller financing, more earn out agreements and some other approaches that entrepreneurs are employing to accomplish their goals.

Many of the state’s largest counties recorded higher sales of small businesses, including Los Angeles with a 10% increase in transactions last month (268) compared to last February (242), San Bernardino where deal volume jumped a whopping 75% (from 29 to 51), and San Francisco, with a 40% increase (from 30 to 42.)

Deal volume in Orange and San Diego Counties remained about the same and Sacramento County showed a decline of about 39% (31 sales in February 2009 vs. 19 last month). Some 94 deals were completed in Orange County in the just-completed month, two more than last February. San Diego County recorded 100 transactions in February 2010, one more than the same 2009 month.

The statistics we’ve compiled also show that sales rate for small and mid-sized business last month was roughly equal to activity in January, on a closings-per-day basis. While 72 more people were willing and able to purchase a business during the first month of the year compared to last month, there was an extra business day in January to account for the difference.

BizBen.com has been matching people planning to sell or to purchase a business since 1994 and for the past 12 years has furnished all interested participants in the market with monthly sales data.

February sales results by California County are accessed at http://www.bizben.com/stats/stats-total.php and are as follows:

Alameda: 46, Butte: 9, Calaveras: 4, Contra Costa: 29, El Dorado: 3, Fresno: 29, Glenn: 1, Humboldt: 1, Imperial: 5, Kern: 21, Kings: 1, Lassen: 3, Los Angeles: 268, Madera: 1, Marin: 6, Mendocino: 2, Merced: 6, Monterey: 10, Napa: 4, Nevada: 1, Orange: 94, Placer: 8, Riverside: 20, Sacramento: 19, San Bernardino: 51, San Diego: 100, San Francisco: 42, San Joaquin: 17, San Luis Obispo: 11, San Mateo: 17, Santa Barbara: 13, Santa Clara: 52, Santa Cruz: 20, Shasta: 3, Siskiyou: 1, Solano: 8, Sonoma: 18, Stanislaus: 13, Tehama: 2, Tulare: 14, Tuolumne: 3, Ventura: 22, Yolo: 4.

About the Author: Founder and CEO of BizBen.com, Peter Siegel, MBA has been consulting with business owners, business buyers, business brokers & agents for over 25 years who plan to sell or purchase a small to mid-sized business. Peter Siegel can be reached direct at 925-785-3118.

Categories: BizBen Blog Contributor, Business For Sale Statistics


Other Related Blog Posts, Articles, And Discussions You May Be Interested In

Business Buyers Biggest Mistakes What Are Buyers Biggest Mistakes? The Pro's Examine 25 Of The Most Common

A business buyer in our ProBuy Program searching to buy a small business asked me to sum up what I thought the biggest mistakes business buyers make when they search for and bought a small business. I asked ProIntermediaries on BizBen their thoughts on the matter and received a diverse response.
3 Car Wash Types To Purchase Buying A Car Wash Business: 3 Successful Types Of Car Washes To Consider

One of the most popular business searches (and eventual business purchase) on BizBen is the self serve and full service car wash. Peter Siegel, MBA (ProBuy & ProSell Programs Director) with BizBen.com reflects on three types of car wash models and what buyers should look for in a car wash purchase.
Buying A Janitorial Service Janitorial Cleaning Services: 6 Considerations When Buying A Janitorial Firm

Buyers interested in buying a janitorial cleaning business will find companies in this industry for sale that are quite profitable. Careful due diligence, including the six factors covered in this blog post, is advised before completing a deal. Peter Siegel, MBA with BizBen explores this industry.
Latest Business Broker Survey 6 Successful Traits Of Top California Business Brokers: New BizBen Survey

The latest BizBen.com survey of California Business Brokers and Agents outlined what it takes to be a top ten percent performer in the business brokerage industry. From good communication to utilizing your resources, these traits are something to take note of and put into practice to be successful.
Selling A Business 13 Crucial Tips Selling A Small To Mid-Sized Business: 13 Crucial Items To Sell A Business

Only 30% of all small businesses for sale that are put on the market overall are sold! A surprising statistic to most business owners, agents, and brokers trying to sell a small business! If however you follow the strategies (BizBen Protocol Method) in this blog post you should see success!
Key Factors Play A Role When Selling When To Sell Your Small Business - Many Key Important Factors Play A Part

Determining the right time to sell a private business is as much an art as a science, because there are so many factors at play and each business is unique. The timing of a business sale is critical. Christina Lazuric, CBI, Orange County Business Broker discusses this topic on this BizBen Blog post.
Disclosures Needed For Business Buyers What Do I Need To Disclose To All Prospective Buyers Of My Small Business?

When selling a small business you always run the risk of a lawsuit. They aren't as common as one may think in this litigious world in which we live in, but whenever there is money exchanging hands & attorneys involved the stage is set for a lawsuit. Various ProIntermediaries share their viewpoints.
Curb Appeal Selling A Business Does Curb Appeal Really Help Sell Small Businesses? Brokers & Agents Discuss

This post is essential reading for any prospective business seller. Curb appeal is critically important, not just to the amount of the final sale price, but also to whether there will be a sale at all. Top ProIntermediaries and ProAdvisors discuss this valuable topic on this BizBen.com Discussion.
Appealing To Restaurant Buyers During COVID Tips On Selling A Restaurant: Appealing To Restaurant Buyers During COVID-19

ProIntermediary, Joe Ranieri (Business Broker) shares what buyers are looking for in this unprecedented market. COVID-19 has made curb appeal more important than ever when selling a restaurant. Sellers still have the power to attract buyers in this market with focus of a few key requirements.
Coin Card Laundry Business Valuations What Top Key Factors Contribute To Coin & Card Laundry Business Valuations?

We are finding that many laundry buyers and investors are not being given true light to selected elements of value or there are inconsistencies in the interpretation of these elements of value. This common error needs to be addressed. In this BizBen Discussion we address many of those factors.