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

347 California businesses were sold by business owners, business brokers, & real estate agents for the week of January 16, 2006 thru January 22, 2006. In Northern California Santa Clara County led business sales with a total of 24 transactions. In Southern California Los Angeles County led with 125 transactions.

Sales of California businesses during this time period by County include: County: 2, Alameda County: 2, Contra Costa County: 5, El Dorado County: 4, Fresno County: 1, Imperial County: 1, Kern County: 2, Kings County: 1, Los Angeles County: 125, Marin County: 1, Mendocino County: 1, Napa County: 5, Orange County: 40, Placer County: 6, Riverside County: 21, Sacramento County: 10, San Bernardino County: 28, San Diego County: 12, San Francisco County: 3, San Joaquin County: 7, San Luis Obispo County: 6, San Mateo County: 16, Santa Barbara County: 5, Santa Clara County: 24, Santa Cruz County: 2, Solano County: 1, Sonoma County: 9, Stanislaus County: 4, Ventura County: 1, Yolo 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:

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:

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. For resources to sell and buy businesses in California go to: http://www.bizben.com/resources
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