Purchasing A Business Stats: 335 California Small Businesses Sold Last Week

335 California businesses were sold by business owners, business brokers, & real estate agents for the week of January 9, 2006 thru January 15, 2006. In Northern California San Francisco County led business sales with a total of 20 transactions. In Southern California, Los Angeles County led with 105 transactions.

Sales of California businesses during this time period by County include: County: 2, Alameda County: 6, Butte County: 1, Contra Costa County: 15, El Dorado County: 2, Fresno County: 2, Kern County: 5, Los Angeles County: 105, Marin County: 6, Napa County: 1, Orange County: 35, Placer County: 4, Riverside County: 13, Sacramento County: 13, San Bernardino County: 17, San Diego County: 29, San Francisco County: 20, San Joaquin County: 13, San Luis Obispo County: 2, San Mateo County: 8, Santa Barbara County: 2, Santa Clara County: 15, Santa Cruz County: 4, Solano County: 4, Sonoma County: 2, Stanislaus County: 8, Sutter County: 1.

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:

Have Your Professionals Lined Up Before You Sign A Contract

You will be utilizing many professionals to buy a business. Make sure you have a CPA or Due Diligence Consultant to help you look at the financials and paperwork of the business to make sure it is in order. You will also possible need financing (a loan for the purchase), escrow services, an attorney to review contracts and possible other services to assist you in the buying of your business.

California business sales stats are updated weekly by Peter Siegel, MBA. Siegel is the founder and President of both www.BizBen.com - California Businesses For Sale and www.USABizMart.com - USA Businesses For Sale the country's most active online marketplaces for small business sales. With a degree in Economics and an MBA in Entrepreneurial Studies from UCLA, Siegel is well versed in the fundamentals of small business operations and transactions. As a result of this academic preparation and his extensive, hands-on experience, Siegel is one of the country's foremost experts on the sale of small businesses. His well read blog at www.USABizMart.com/blog on the topic of selling and buying small businesses is viewed by thousands weekly.
•Technorati  •del.icio.us  •Digg It  •Furl  •ma.gnolia  •Spurl  •Yahoo MyWeb