A decline in the number of small and mid-sized Sacramento County businesses sold last year, compared to 2009 showed some effects of the economic slowdown. Just 403 transactions were completed in 2010, down from the 511 deals closed the year before, according to figures released by the BizBen.com Index. Among the key problems has been the difficulty raising the funds needed to complete deals, as banks have substantially reduced their business lending activities.
There is reason to be optimistic about business sales this year. The SBA lending programs help motivate lenders to provide funds needed for the sale and the expansion of small businesses. Another positive factor is the growing use of seller financing in business sales so that buyers can complete business purchases with a combination of cash and debt.
The BizBen.com Index also reported that the majority of the county's sales were in the city of Sacramento, with 254 deals recorded last year. Other cities with active business sales were Citrus Heights with 33 closed escrows and Elk Grove with 27.
Sacramento County business sales figures reported by city and month are available at the BizBen.com Sacramento County business sales statistics page.
About The Author: Peter Siegel, MBA is the Founder & President of BizBen.com and the BizBen Network. The BizBen.com Index has been tracking the sale of California small businesses since 1994. Phone Peter Siegel direct at 866-270-6278 about the BizBen.com Index or if you need assistance with selling or buying California small businesses on BizBen.com.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|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.
|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.
|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.
|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.
|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.
|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.
|Mike Brewer: Liquor License Brokers, ABC Consulting Services
Liquor license brokerage and consulting services. We provide: Alcohol License Transfers Application Consulting & Processing, Liquor License Purchases & Sales, City Zoning Permits & Land Use Entitlements, Public Convenience or Necessity Findings and Letters. Phone Mike Brewer direct at 800-437-1100.
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