Small Business & Franchise BizBen.com Stats: 429 Businesses Were Sold Last Week In California

USABizMart Weblog - 429 California businesses were sold by business owners, business brokers, & real estate agents for the week of December 12, 2005 thru December 18, 2005. In Northern California Santa Clara County led business sales with a total of 37 transactions. In Southern California Los Angeles County led with 83 transactions.

Sales of California businesses during this time period by County include: County: 7, Alameda County: 23, El Dorado County: 5, Fresno County: 5, Glenn County: 1, Kern County: 7, Los Angeles County: 83, Marin County: 6, Merced County: 2, Napa County: 1, Orange County: 49, Placer County: 3, Riverside County: 7, Sacramento County: 20, San Bernardino County: 61, San Diego County: 34, San Francisco County: 31, San Joaquin County: 7, San Luis Obispo County: 6, San Mateo County: 5, Santa Barbara County: 2, Santa Clara County: 37, Santa Cruz County: 2, Shasta County: 1, Solano County: 1, Sonoma County: 12, Stanislaus County: 8, Sutter County: 3.

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:

Confidentiality Agreements Are Important

Have all potential business buyers sign and date a Non-Disclosure/Confidentiality Agreement before giving out any info. Make sure potential buyers understand how important it is to keep the sale of the business confidential and that there are legal ramifications if they don't.

This Week's BizBen.com Tip For Successfully Buying A Business:

Know Where The Down Payment Money Will Come From

Money for a down payment can come from many different sources. The first is cash on hand in savings. Second is pulling equity out of your home. Third is from your retirement funds. Knowing where and what you are willing to do upfront will save you a lot of time in the search process.
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