9/12/06

759 California Small Businesses for Sale and Franchises Were Sold Last Week


759 California businesses were sold by business owners, business brokers, & real estate agents for the week of September 5, 2005 thru September 11, 2005. In Northern California Alameda County led business sales with a total of 54 transactions. In Southern California Los Angeles County led with 225 transactions.

The Labor Day Holiday weekend slowed transactions, however this past week really picked up. We project the 4th quarter of this year to be strong based on our frequent conversations with business brokers and agents throughout California.

Sales of California businesses during this time period by County include: County: 17, Alameda County: 54, Contra Costa County: 15, Fresno County: 34, Glenn County: 1, Kern County: 25, Lake County: 1, Los Angeles County: 225, Merced County: 6, Napa County: 4, Orange County: 99, Placer County: 10, Riverside County: 29, Sacramento County: 30, San Bernardino County: 42, San Diego County: 52, San Francisco County: 21, San Joaquin County: 1, San Luis Obispo County: 14, San Mateo County: 14, Santa Barbara County: 5, Santa Clara County: 39, Shasta County: 1, Siskiyou County: 1, Stanislaus County: 15, Sutter County: 1, Yolo 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 20-100% 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.

Business Sales By County:

Alameda County 54
Contra Costa County 15
Fresno County 34
Glenn County 1
Kern County 25
Lake County 1
Los Angeles County 225
Merced County 6
Napa County 4
Orange County 99
Placer County 10
Riverside County 29
Sacramento County 30
San Bernardino County 42
San Diego County 52
San Francisco County 21
San Joaquin County 1
San Luis Obispo County 14
San Mateo County 14
Santa Barbara County 5
Santa Clara County 39
Shasta County 1
Siskiyou County 1
Stanislaus County 15
Sutter County 1
Yolo County 1
Yuba County 2

To see sales by city in California go to: http://www.bizben.com/stats/20050912.php
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