356 California businesses were sold by business owners, business brokers, & real estate agents for the week of January 23, 2006 thru January 29, 2006. In Northern California
Santa Clara County led business sales with a total of 18 transactions. In Southern California
San Diego County led with 60 transactions.
Sales of California businesses during this time period by County include: Alameda County: 8, Butte County: 2, Contra Costa County: 14, El Dorado County: 2, Fresno County: 9, Kern County: 11, Los Angeles County: 48, Marin County: 4, Merced County: 3, Napa County: 3, Nevada County: 1, Orange County: 52, Placer County: 7, Plumas County: 1, Riverside County: 32, Sacramento County: 12, San Bernardino County: 19, San Diego County: 60, San Francisco County: 13, San Joaquin County: 4, San Luis Obispo County: 2, San Mateo County: 5, Santa Barbara County: 3, Santa Clara County: 18, Santa Cruz County: 1, Solano County: 6, Sonoma County: 11, Stanislaus County: 3, Tehama County: 1, Yolo 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:
Get Controlled Maximum Exposure On The Sale Of The Business
One of the most important items is to make sure that many, many buyers (ones that are qualified to buy) see the business is for sale. Expect to spend $300-$1000 for advertising and marketing to adequately get the word out to the right business buyers. Yes it does only take one buyer to buy the business, but you want to make sure you have multiple buyers ready to go! One of the best programs for this type of exposure is the FAST TRACK Advertising Program which has a 90% success rate!
This Week's BizBen.com Tip For Successfully Buying A Business:
Make An Offer If You Like A Business
Too many buyers are timid when buying a business and not willing to "pull the trigger" and sign a purchase agreement to start the process of buying a business. Remember sign a purchase agreement there will be a Due Diligence period with contingencies that will have to be met before the deal is closed. If those contingencies are not met or the books and records are not exactly as represented you are in most instances able to pull out of the deal - make sure you have all contracts/agreements reviewed by an attorney before signing.
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.
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