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.
|Helpful Resources To Assist In Selling And Buying California Businesses|
|Elizabeth McGovern: Escrow Services - San Francisco Bay Area
McGovern Escrow Services, Inc., is a leading independent escrow company. We are a trusted partner with our clients, assisting them through the tangled bulk sale & liquor license transfer process. We provide attentive, quality & innovative customer service. Phone Elizabeth McGovern at 415-735-3645.
|Larry Treystman, Business Broker Specialist - Home Health, Hospice
Founder of one of the top consulting firms in the nation specializing in Home Health and Hospice. Helping guide healthcare entrepreneurs through regulations, changes and management. For Change of Ownership applications or anything else related to Home Health please call or email.
|Jerome Thissen, Broker, National Franchise Sales
BROKERAGE - Specializing in the Resale of Franchise Businesses Since 1978 ASSET RECOVERY - Asset Recovery through Bankruptcy, Receivership & Foreclosure ADVISORY SERVICES - Buy-Side Representation, Valuations, Dispute Consulting, Restructuring Advisory, and Brand Development Advisory ...
|Helen Yoo, New Century Escrow - Escrow Services In Southern California
Helen Yoo at New Century Escrow, Inc. is a fully licensed & bonded independent escrow company. Over 20 years combined experience in handling bulk escrow transactions. Multi-lingual staff that speaks your language, including Korean, Chinese, Vietnamese. Call Helen Yoo direct at 626-890-1151.
|Frank Passantino: Pool Routes Brokerage - California
Business brokerage services for over 40 years specializing in pool routes and related businesses throughout California.
|Alex Beringer, Business Broker Specialist: FedEx Routes In California
Business brokerage services specializing in FedEx Routes throughout California.
|Diane Boudreau-Tschetter: Escrow & Bulk Sale Services In California
California Business Escrow, Inc. is a full service independent escrow company serving all of California and has expertise in a wide range of escrows. Our team prides itself on providing an exceptional escrow experience. For more info phone Diane Boudreau-Tschetter at 888-383-3331 or 209-838-1100.
|Brad Steinberg, Business Broker: Laundromat Specialist
PWS is the leading laundromat broker in California. Since 1968 PWS has brokered over 2,500 laundromat sales. With over 90 employees dedicated to the coin laundry industry, PWS has 18 licensed agents, a 3 person in-house finance department, 10 service technicians and a 20 person parts department.
|Related Articles, Events, Blog Posts, Discussions, Videos, Interviews|
|Absentee Run Small Businesses - Is That Really A Possibility For Buyers?
Is buying a absentee run small business really a possibility? Peter Siegel (BizBen ProBuy Director) gets asked this question a lot in his consulting sessions with business buyers. Read more about what other Advisors and Intermediaries feel about this topic on this popular BizBen Discussion!
|Buying A Cheap Small Business For Sale: How To Find? What To Watch Out For?
Yes, there are ways to find businesses with growth potential that can be purchased with modest investments. But before offering any ideas about finding cheap businesses, it's important to review some of the risks involved. Here are some of the best ways to buy a less expensive small business.
|Is There Such A Thing As Paying Too Little When Buying A Small Business?
We all understand the idea of paying too much for a small business. But is there such a thing as not paying enough? That seems like an odd notion, but I'm familiar with situations in which a buyer acquired a small business for a figure substantially under what probably was market value.
|4 Reasons Why Business Brokers Do Not Cooperate With Other Brokers & Agents
Despite challenges in the business for sale marketplace, some of the business brokers who make a living by facilitating a deal between buyer and seller are known to stand in the way of a completed transaction because of some outdated ideas. Too bad they put greed ahead of the needs of their clients.
|Absentee Run Businesses - A Myth Or Reality When Buying A Small CA Business?
Buyers search for an absentee business, wanting to collect profits generated by a successful enterprise without having to stand at the sales counter or cash register, without having to cook, operate equipment or talk to customers. Peter Siegel, MBA offers his intake on absentee run businesses.
|How Many Listings Is Too Many For One Broker To Handle? Is It 5? 10? 20?
Peter Siegel, MBA in this Vlog/Podcast discusses how many listings is too many for one business broker to handle at one time. Is it 5 is it 20? I recently had a coaching call with one of my BizBen broker clients who asked that question this week. There are many factors that go into the answer.
|How Do I Navigate Through The Negotiation Process When Buying A Business?
Negotiating the terms of a business deal is a delicate process, where one wrong move can cost you the business that you wanted to purchase. Peter Siegel, MBA (BizBen ProBuy Program) discusses the ins and outs of negotiations, and how to work well with the seller to get a deal done.
|Unreported Income: Should Sellers Disclose Unreported Cash To Buyers?
Should owners who offer a business for sale reveal to prospective buyers any income that is not recorded in the books? This is a controversial topic with arguments both for and against. Most business sales intermediaries believe if you don't pay tax on it, you can't claim it. Some sellers disagree.