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California Small Business Sales Drop Last Month, Still Up For The Year

California business for sale transactions for this July are down from the same time period last year. This is the first time this year that sales have been down year over year for any month it was reported by the BizBen Index. The number of transactions completed in the month of July this year reached 1,381 compared to the 1,493 in July 2015. The 1,381 completed transactions represents a slight decrease from the total sold at this time last year, but so far this year’s total sales are still up 10% over last year.

"I think what we are seeing with the decrease in small business for sale transactions this month compared to last year at this time is just a hiccup in what has otherwise been a great year” said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index.

Siegel added, "Sales this July were actually up over the previous month of June and are up 10% so far compared to this same time last year. So, one down month isn’t anything to be worried about it. I still feel that by the time we get to the end of the year we are going to see total year sales up over the previous year and that’s obviously a good thing for California and the economy in general.”

Counties That Saw Improved Sales Year Over Year

Among California Counties reporting growth in the sale of small and mid-market businesses last month are Alameda County with 81 transactions up from 10 the previous July, Orange County posting 124 completed business transfers last month up from 112 the previous July.

The total business sales by county recorded last month, available at http://www.bizben.com/stats/stats-monthly-jul.php are:

Alameda: 81, Amador: 3 Butte: 11, Calaveras: 1, Contra Costa: 11, El Dorado: 3, Fresno: 45, Imperial: 5, Kern: 32, Los Angeles: 342, Marin: 8, Merced: 12, Monterey: 13, Napa: 10, Nevada: 10, Nevada: 4, Orange: 128, Placer: 18, Riverside: 54, Sacramento: 40, San Bernardino: 45, San Diego: 110, San Francisco:64, San Joaquin: 34, San Mateo: 14, Santa Barbara: 10, Santa Clara: 81, Santa Cruz: 14, Shasta: 10, Solano: 16, Sonoma: 28, Stanislaus: 9, Tulare: 4, Tuolumne: 4, Ventura: 29, Yolo: 14

Sales totals posted by California county over the last nine years are available at: http://www.bizben.com/stats/stats-total.php

The BizBen Index has been collecting and reporting information about small California business sales for 17 years, to help business owners/sellers, buyers and the professionals participating in this market make informed choices and achieve success. Sources for the information come from California's Secretary of State office and other government agencies.


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