USABizMart Weblog -- 504 California businesses were sold by business owners, business brokers, & real estate agents for the week of September 19, 2005 thru September 25, 2005. In Northern California San Francisco County led business sales with a total of 34 transactions. In Southern California Los Angeles County led with 131 transactions closely followed by Riverside County at 43 businesses for sale. Fall of 205 is turning out to be a strong season of business sales, probably due to so many people holding off selling from the summer season.
Sales of California businesses during this time period by County include: Alameda County: 1, Butte County: 1, Contra Costa County: 19, Fresno County: 11, Glenn County: 1, Kern County: 5, Los Angeles County: 131, Marin County: 4, Merced County: 7, Napa County: 1, Orange County: 55, Placer County: 7, Plumas County: 1, Riverside County: 43, Sacramento County: 13, San Bernardino County: 23, San Diego County: 38, San Francisco County: 34, San Joaquin County: 17, San Luis Obispo County: 11, San Mateo County: 6, Santa Barbara County: 5, Santa Clara County: 33, Shasta County: 1, Solano County: 11, Sonoma County: 12, Stanislaus County: 10, Tehama County: 1, Yuba County: 2.
For current annual small business sold statistics throughout all counties in California go to www.BizBen.com/stats.php where you can see business sales statistics by both county and cities within those counties.
This Week's BizBen.com Tip For Successfully Selling A Business:Write Up A Comprehensive Summary Of The Business
Buyers are going to need to know many details about the business being sold. Instead of having to re-explain to many buyers about the business (and probably forgetting many important facts) make a one page summary of the business being sold. Include: History of the business, date established, number of employees, important attributes about the business and surrounding area, what you would recommend to a new buyer to increase business once they take over, what geographic area the business covers, the competition, the reason for selling, how much training will be provided after the sale, etc.
This Week's BizBen.com Tip For Successfully Buying A Business:Know How Much Money You Are Willing To Put Down.
When buying a business you need to know how much money you are willing to spend on a down payment for a business. Most of the time you will be putting down 30-100% down to buy a California business. Depending on the amount of money your willing to put down determines the size of business you are able to purchase.
For City and County breakdown of business sales throughout California go to:
http://www.bizben.com/stats/20050926.php•
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