DUBLIN, CA, January 11, 2013 (Press-News.org) A total of 14,368 small and mid sized businesses were sold in California last year, the highest annual total since 2008, according to the BizBen Index which tracks transactions involving the sale of small businesses throughout the state. The company also reported that last month's sales tally, at 1,322 completed deals, marked the most active December in four years.
"We're seeing the same kind of slow recovery in the sale of California businesses that we're observing throughout the economy," said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index.
"Two trends account for much of the improved activity in the state's recent business for sale market. One is that some conventional and SBA-backed business lenders are starting to become active in the business for sale marketplace. The second is that many buyers and sellers are using more innovative strategies to complete their transactions.
"Even with the encouraging figures in California's business sales, we don't expect the market to perform as well as it did before the recession--at least not for the next several years."
Siegel said the state's largest counties turned in mixed results for 2012:
- Los Angeles County recorded a slight decline in the sale of businesses last year, with 3,758 deals, compared to the 2011 total of 3,763. Last month's count of transactions was down 7.7% to 297, from the 322 total recorded in December 2011.
- Orange County recorded its best annual sales count in four years with 1,534 business transfers in 2011. Additionally, with 171 business sales last month, the county turned in its highest December total since 2008.
- San Diego County reported 1,225 completed deals for the year, beating the 1,206 total posted in 2011. However, the 100 sales finalized last month represent a decline from the 111 count registered during December the previous year.
- Santa Clara County recorded 732 deals for 2012, the lowest count in three years, but finished the year with a total of 66 sales in December, a small improvement compared to the 61 transactions posted in December 2011.
- San Francisco posted a total of 497 small business deals last year, down 21% from the 629 transactions completed the previous year. Last month's tally was 51 small business sales, two short of the total for December 2011.
- Sacramento County reported that 481 business transfers closed last year, up from 452 deals in 2011. And 49 sales were posted last month, 25% ahead of the total of 39 for December 2011.
Siegel said long term prospect for the state's small and middle market business sales volume is "extremely positive because we're seeing more businesses come on the market as owners in the baby boomer generation begin to retire. We also are experiencing an increase in demand as more Californian's plan to leave the job market and become small business owners by purchasing an existing enterprise. "
Siegel said a small business is a company that sells for $2 million or less.
The California business sales totals for December 2012 by county are noted below and available at http://www.bizben.com/stats/stats-monthly-dec.php .
Alameda: 50, Amador: 3, Butte: 1, Calaveras: 3, Contra Costa: 31, El Dorado: 3, Fresno: 36, Imperial: 2, Kern: 27, Kings: 1, Los Angeles: 297, Marin: 8, Merced: 7, Monterey: 16, Napa: 1, Nevada: 3, Orange: 171, Placer: 10, Riverside: 87, Sacramento: 49, San Bernardino: 81, San Diego: 100, San Francisco: 49, San Joaquin: 8, San Luis Obispo: 14, San Mateo: 31, Santa Barbara: 22, Santa Clara: 66, Santa Cruz: 10, Shasta: 9, Solano: 10, Sonoma: 29, Stanislaus: 23, Sutter: 4, Tehama: 1, Tulare: 20, Ventura: 30; Yolo: 8
The BizBen Index figures, showing the sales rates by city and county throughout the state for the past four years are accessed at http://www.bizben.com/stats/stats-total/php .
The BizBen.com website features more than 8,000 California businesses for sale and businesses wanted postings, along with offerings of new franchises and business opportunities. Since 1994 this niche online network and service has proved a valuable tool for thousands of California business buyers, small business owners/sellers, intermediaries, and advisors. The site also includes articles, resources, news and tips, and a daily blog. For the past 15 years, its BizBen Index has collected and reported on business sales statistics, by county and city, throughout the state.
For More Information
Contact: Peter Siegel
Phone: 866-270-6278 or 925-548-1892
BizBen.com is available via Twitter: https://twitter.com/BizBenListings
Facebook: http://www.facebook.com/pages/BizBen/92902823120
LinkedIn: http://linkedincom/company/2713011?
Google+: https://plus.google.com/u/0/100161368836680919929/posts
BizBen.com is a clearinghouse of thousands of small businesses for sale in California. Over 200 new business for sale listings are added daily. The site also features articles, daily blog postings, educational events, directories of resources, brokers, agents, and advisors. For further information, please contact Peter Siegel at BizBen - 866-270-6278. Visit our site at http://www.BizBen.com.
California Posts Most Small Business For Sale Transactions in Four Years, Says BizBen Index
A total of 14,368 small and mid sized businesses were sold in California last year, the highest annual total since 2008, according to the BizBen Index which tracks transactions involving the sale of small businesses throughout the state.
2013-01-11
ELSE PRESS RELEASES FROM THIS DATE:
When is a Roller Blind Not a Roller Blind?
2013-01-11
Argentine architects Maria Constanza Nunez and Gabriel Pires Mateus have produced some stunning furnishings constructed from roller blinds that have been salvaged from the streets of Buenos Aires. The country's capital city was filled with discarded roller blinds, so, as an effective way to recycle them, Nunez and Mateus created the S.O.S de Barrio Line, a unique series of sustainable furniture that focuses on re-use and transformation.
"They're certainly a different way of using roller blinds that I'm accustomed to," said Daren Wilson of Cheshire-based Wilson's ...
CB&S Bank is Excited to Announce the Launch of its Revolutionary Mobile Banking Application
2013-01-11
CB&S Bank is excited to announce the launch of its revolutionary mobile banking application. The new mobile banking application allows CB&S Bank customers to view current account balances, view transaction history, transfer money between accounts, pay bills, and find the closest branch location or ATM.
Mobile banking was an inevitable development of the technology responsible for creating the Internet. CB&S Bank has embraced this revolution to provide its customers the best possible customer experience. There is no reason that the busy lives of banking clients ...
For the Best Hall Hire: Leeds Civic Buildings
2013-01-11
For large events and functions requiring hall hire, Leeds in West Yorkshire presents a number of architecturally stunning city centre locations with both historical presence and comfortable modern facilities.
Hire Civic Hall, Leeds
The civic hall is a town or city's main public building, and is not only the hub of local administration, but is also usually the grandest building, with recreational facilities set up for banquets, awards ceremonies and public celebration events. Events managers looking for grandeur and presence often choose to hire civic hall. Leeds has ...
Irish SEO Company Vroom Digital Continue to Expand in 2013
2013-01-11
Vroom Digital has steadily grown since their formation in July 2012 and hope to continue this advancement into 2013. The Irish SEO Company, who is based in Windsor Place in Dublin 2, has worked with over 30 clients and achieved impressive results over the last 6 months.
Vroom provide SEO services to Irish SMEs from a wide range of industries including Guardian Management Accounting (accounting), (Forza Direct Marketing) marketing, (Upper Case) design & printing), Ripples Bathrooms & Tiling (bathroom installation), Wheelcare (garage equipment) and Entertainment ...
Elmhurst Windows Leeds Showroom has a "Fascia-Lift"
2013-01-11
Yorkshire-based Elmhurst Windows has given its Leeds showroom a new facelift. The company, which specialises in windows, doors, double glazing and fascias, has expanded and invested in its existing showroom to make the best use of the space.
The newly refurbished showroom in Colton is now a bright, spacious and impressive space, which the company hopes will welcome many new visitors this year.
A spokesperson for the company said:
"Please feel free to come and visit us when you like. There's no appointment needed, just come in and take a look around.
We ...
Variations on Breast Augmentation Procedures
2013-01-11
When you are considering breast augmentation, your plastic surgeon should offer you a number of options. Traditional breast augmentation options include:
- Implant type - saline or silicone
- Incision location - Transaxillary (in the armpit), periariolar (around the nipple), and inframammary (underneath the breast)
- Implant placement - above the muscles in the chest (subglandular), below the muscles in the chest (submuscular)
In addition, your plastic surgeon will discuss your options for things such as size, shape, and cleavage creation. All of these options are ...
Car/Bus Accidents
2013-01-11
According to the Federal Motor Carrier Safety Administration's national crash statistics, 226 people were killed in bus accidents and 6,854 people sustained injuries in United States bus accidents in 2010. Motor vehicle accidents between cars and buses are not as common as those involving trucks or other passenger vehicles, but they still impact thousands of people every year. If you or a loved one has been involved in a car/bus accident, you need an accident attorney on your side to make sure you are taken care of.
Causes of Car/Bus Accidents
The leading cause of ...
Nationwide Meningitis Outbreak From Tainted Steroid is Latest Consequence of a High-Profile Defective Drug
2013-01-11
Earlier in 2012, hundreds of patients suffering from chronic back pain being treated with steroid injections were shocked to learn that they had contracted a particularly virulent strain of meningitis. The infection was traced back to a Massachusetts compounding pharmacy responsible for custom blending injections that were used by physicians and other practitioners in 14 states around the country.
The outbreak has killed almost 40 people and sickened over 500 more. The pharmacy has since been shuttered while an investigation by the Centers for Disease Control, Food and ...
New Year Bankruptcy Filing: Is January the Time to Declare Bankruptcy?
2013-01-11
If you are struggling with an oppressive debt load, you may want to consider getting your financial life back on track as a New Year's resolution. This particular resolution is one you can -- and probably should -- tackle immediately in the New Year.
There are several advantages to filing for bankruptcy early in 2013. From tax planning to the Fiscal Cliff, many considerations make January an attractive time to plot a way out of debt through bankruptcy.
Holiday debt, Fiscal Cliff, tax refund considerations pertinent to bankruptcy filers
Many unexpected events can ...
Illinois Family Recovers $49,500 in Slip-and-Fall Lawsuit
2013-01-11
Arlington Heights, Illinois, is changing the way it plows parking lots and other local areas. Under previous standards, workers pushed equal amounts of snow onto each cleared corner of an area. The former method was used to provide more room for parked cars. However, under new policies, workers will pile snow in three corners and avoid areas near stairs.
The changes come in response to a 2010 personal injury lawsuit. An Illinois woman and her husband filed suit against the village in Cook County Circuit Court after the woman slipped in a local parking garage. The plaintiffs ...
LAST 30 PRESS RELEASES:
A key group of cerebral amygdala neurons identified in anxiety and social disorders
What the sea spider genome reveals about their bizarre anatomy
More people need to know how to prevent SIDS
Many people choose unemployment benefits over poorly paid jobs
Certain young people more prone to anxiety and depression
Review article highlights urgent need for aflatoxin control strategies in Pakistan’s feed supply chain
Researchers reveal key differences in STING inhibition between humans and mice
Researchers generate lung cells from mouse fibroblasts in just 7 to 10 days
Prizewinner’s research reveals how immune responses to friendly skin microbiota could pave way for novel vaccination responses
Old aerial photos give scientists a new tool to predict sea level rise
20 million for courageous research at ISTA
Ships trigger high and unexpected emissions of the greenhouse gas methane
Optimizing laser irradiation: An in-silico meta-analysis of skin discoloration treatment
Climate crisis could force wild vanilla plants and pollinating insects apart, threatening global supply
Teens report spending 21% of each driving trip looking at their phone
Study explores the ‘social norms’ of distracted driving among teens
Diver-operated microscope brings hidden coral biology into focus
Enhancing the “feel-good” factor of urban vegetation using AI and street view images
A single genetic mutation may have made humans more vulnerable to cancer than chimpanzees
Innovative nanocomposite hydrogel shows promise for cartilage regeneration in osteoarthritis treatment
2025 Guangci Laboratory Medicine Innovation and Development Conference
LabMed Discovery is included in the ICI World Journals database
LabMed Discovery is included in the China Open Access Journal (COAJ) database
Vaccination support program reduces pneumonia-related mortality by 25 percent among the elderly
Over decades, a healthy lifestyle outperforms metformin in preventing onset of Type 2 diabetes
Mental health disorders, malaria, and heart disease most affected by covid pandemic
Green transition will boost UK productivity
Billions voted in 2024, but major new report exposes cracks in global democracy
Researchers find “forever chemicals” impact the developing male brain
Quantum leap in precision sensing across technologies
[Press-News.org] California Posts Most Small Business For Sale Transactions in Four Years, Says BizBen IndexA total of 14,368 small and mid sized businesses were sold in California last year, the highest annual total since 2008, according to the BizBen Index which tracks transactions involving the sale of small businesses throughout the state.