DUBLIN, CA, April 10, 2013 (Press-News.org) The 4,006 deals for California's small and mid-sized business for sale offerings during the three months of 2013 represents the highest first quarter volume of business transfers in five years. But the figures still fall far short of the pre-recession totals, according to business transfer figures collected from state records and other sources and reported by the BizBen Index.
"While the increase in the number of small business sales is a positive sign, it's a mistake to believe we're about to experience full recovery of the marketplace where California businesses are bought and sold. In other words, don't expect activity in this market soon will return to 'normal'," said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index. "The combination of more baby boomer owners trying to retire, and an increase in the numbers of people trying to buy businesses as an alternative to the disappointing job market, should result in substantial increases in transactions. But just like participants in most other economic sectors, California's small business buyers and sellers are confronting the New Economy. It's an economy in which many of our familiar methods of achieving our objectives are not as effective as they used to be."
Behind by 29%
Siegel noted that the first quarter figure of sold businesses is up almost ten percent from the 3,652 transactions completed during the first three months of 2012. "But look at where we are, with four thousand deals, compared to the total of 5,643 transactions successfully closed during the first quarter of 2008! We still are behind where we were five years ago by 29%.
"This suggests that over the past five years, 29% of the growing population of baby boomer owners who wanted to sell their businesses have been unable to do so. And 29% of the increasing number of Californians unable to find secure and suitable employment--people who may have been able to take over those businesses--still are working for someone else or are among the 9.6% of the state's workers who are unemployed.
Gains in Large Counties
Many of California's largest counties contributed to the growth in sales so far this year. In Los Angeles County, the 1,048 deal count in the just-completed quarter is 13.4% ahead of the first quarter of 2012 total of 924 transactions. Orange County recorded 434 deals for the first 2013 quarter, up 23% from 351 sales concluded in the first three months of last year. San Diego County small business sales growth climbed 29% from 300 in the January through March period last year to the 387 total so far this year.
Among large Northern California counties are Santa Clara, reporting 168 closed business sales during the past three months vs. 146 transactions for the same 2012 period, and San Francisco, where 161 businesses changed hands in the first 2013 quarter, a slight increase from the 156 deal count for the same period last year.
Good News
"The good news is that more and more entrepreneurs are learning how to overcome some of the problems that have stalled business sales," said Siegel. "Smart buyers are dealing with what has been one of the major problems--access to capital needed to complete deals--by leveraging the rising value of their homes. Either they convert growing home equity directly into cash or use it as security to support bank, or seller "carry back" loans.
"And a number of buyers are learning to draw on their retirement accounts for purchase funds or working capital without triggering a taxable event. But this is not a DYI project. The rollover of funds from a tax deferred account and used to buy a business needs to be done correctly in order to avoid taxes and penalties."
More details about this and many other strategies helpful in buying businesses in this challenging market are covered in Siegel's just-released ebook, "Buying a California Business in the New Economy" It offers advice for buyers determined to find and buy a good business, and seeking useful information and ideas to help achieve that goal.
BizBen Index Sales Stats
March sales totals, by county, found at http://www.bizben.com/stats/stats-monthly-mar.php , are:
Alameda: 101, Amador: 1, Butte: 3, Contra Costa: 26, El Dorado: 18, Fresno: 47, Glenn: 4, Humboldt: 2, Kern: 23, Lake: 3, Los Angeles: 389, Marin: 1, Mendocino: 5, Merced: 12, Monterey: 9, Nevada: 5, Orange: 177, Placer: 12, Riverside: 84, Sacramento: 33, San Benito: 1, San Bernardino: 99, San Diego: 157, San Francisco: 96, San Joaquin: 16, San Luis Obispo: 37, San Mateo: 34, Santa Barbara: 12, Santa Clara: 61, Shasta: 7, Solano: 14, Sonoma: 18, Stanislaus: 28, Sutter: 13, Tulare: 10, Ventura: 18, Yolo: 4.
Sales statistics by city and county throughout the state for the past four years are accessed at: 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 16 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
BizBen.com is available via:
Twitter: twitter.com/BizBenInfo
Facebook: https://www.facebook.com/pages/BizBen/92902823120
Linkedin: http://www.linkedin.com/company/bizben
Google+: https://plus.google.com/u/0/b/107792038677882046286/107792038677882046286/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
BizBen Index Shows Boost in California Business for Sale Deals, But Activity Still Below Par
The 4,006 deals for California's small and mid-sized business for sale offerings during the three months of 2013 represents the highest first quarter volume of business transfers in five years.
2013-04-10
ELSE PRESS RELEASES FROM THIS DATE:
South Texas Power's Newly Designed Website Helps Enhance Oilfield Productivity
2013-04-10
Does your company need help meeting temporary energy requirements when working in the oilfield? Perhaps your business is suffering because your oilfield equipment is not functioning efficiently? If so, South Texas Power (STP) proudly announces the launch of their newly designed website highlighting the oilfield solutions they offer.
According to their website, it is the company's mission to provide the best in mobile energy services on the Gulf Coast. They accomplish this aim by only designing and providing equipment built to last. Their safety and cooling trailers, ...
Buy Caterpillar 3126 at National Power Supply
2013-04-10
Caterpillar 3126 is one of the diesel engines that are specifically designed for use by both medium and large Caterpillar Machinery such as dump trucks, loaders, excavators and bulldozers. National Power Supply offers the best deals on reman cat 3126 and many more. National Power Supply sells a full range of Remanufactured Caterpillar Engines. The second generation 3126 engine was designed and released to the market in the late 1990s in a bid to improve the hydraulic electronic unit injection fuel system. Below are some of the specifications about this product that will ...
Are Arizona's Vehicle Safety Laws Too Lax?
2013-04-10
Starting in 2005, Arizona, along with the United States as a whole, began a seven-year stretch of declining car accident deaths. By 2011, traffic deaths had reached the lowest levels in decades, but that trend is now in reverse. Although numbers are still lower than in past decades, preliminary estimates by the National Safety Council show a 5.1 percent increase in fatal accidents from 2011 to 2012.
Some of the reasons cited by traffic safety experts have to do with an improving economy. In general, people have more money to drive and have changed their driving habits. ...
Aggressive "return to work" policies could leave injured workers unprotected
2013-04-10
If you have been injured on the job, it is vitally important that you seek medical attention as soon as possible. You also need to comply with your employer's policies regarding notification of injuries or treatment at one or more preferred providers for any follow-up care you might need during the course of your recovery. Your compliance is required for purposes of job security and to ensure that you can qualify for workers' compensation benefits.
When you are first injured, you might not even think about going back to work, instead being focused on your recovery. Your ...
Short sales can be an advantageous alternative to foreclosure
2013-04-10
When the economy is good, many homeowners who are facing foreclosure can prevent the foreclosure by selling their property and paying off the lender. However, in the economic difficulties of recent years, many people find themselves owing more on their home than their property is worth. In such cases, even if they successfully sell the property before the foreclosure, the proceeds of the sale would not be enough to pay off the mortgage.
Homeowners facing such a difficult dilemma often have to choose between foreclosure and bankruptcy. However, many in this situation ...
Does it take a Sherlock to figure out if Holmes is in the public domain?
2013-04-10
Two prominent historical characters have recently been the subject of lawsuits regarding licensing fees. Two prominent historical characters have recently been the subject of lawsuits regarding licensing fees. Sherlock Holmes and Zorro, two characters first written in 1888 and 1919, respectively, are common subjects for movies, books and other entertainment media. However, Arthur Conan Doyle's estate has traditionally sought licensing fees for any work using the name or image of the classic English detective. Similarly, Zorro Productions is asking for licensing fees for ...
Breast cancer misdiagnosis: a leading cause of radiologists' malpractice
2013-04-10
The radiologist plays an important role in the war against breast cancer. Patients rely on him or her to competently identify any cancers as early as possible in order to have the best chances of recovery. Unfortunately, a recent study found that most of the medical malpractice lawsuits against radiologists are filed because of breast cancer misdiagnosis.
The study, published in the journal Radiology, examined 4,793 malpractice lawsuits filed in 47 states against 2,680 radiologists. It found that the majority of lawsuits were filed because the radiologist did not detect ...
Energy hazards can cause serious injuries at Pennsylvania workplaces
2013-04-10
The failure of a recycling company in neighboring New Jersey to implement a proper lockout/tagout procedure for energy sources resulted in a serious injury to one worker.
An Occupational Safety and Health Administration investigation found there was no procedure in place to lock a conveyor belt. Because the machine's power source was not locked, a worker trying to clear a paper jam suffered an amputation injury.
OSHA cited the firm for three serious safety violations of the administration's health and safety regulations. The recent inspection and citations highlight ...
Breaking the cycle of credit card debt
2013-04-10
Excess credit card debt - whether it be from an unexpected illness, job loss, getting laid off from work or from an unforeseen expense like auto or home repairs - is one of the main reasons people file for bankruptcy. Most people assume that once they file for bankruptcy they will never use another credit card again. That isn't always the case, but it might be a good idea for those who are already struggling with debt.
Changing your mindset
If you are struggling with overwhelming debt to the point that you have considered bankruptcy, you realize that you have a problem. ...
The War On Drugs: The War Of The Powerful On The Powerless?
2013-04-10
During the April 7, 2013 edition of MPL Court Radio, My Philly Lawyer (Silvers, Langsam & Weitzman) attorney Dean Weitzman spoke to the director and creator of "The House I Live In," an award-winning documentary about the U.S. government's "war on drugs." Director Eugene Jarecki explained that he created the film because he saw how young black people encounter different obstacles than he did growing up. He said that the "clear culprit of what was behind the undermining of black Americans was the war on drugs."
Weitzman and Jarecki discussed ...
LAST 30 PRESS RELEASES:
Giant croclike carnivore fossils found in the Caribbean
Palatable versus poisonous: Eavesdropping bats must learn to identify which prey is safe to eat
Being hit by an SUV increases the likelihood of death or serious injury, new research shows
New test diagnoses bacterial meningitis faster and better
Majority of Americans experience some form of gun violence in person
Broader antibiotic use could change the course of cholera outbreaks, research suggests
Higher cigarette taxes may improve childhood survival
Exercise can counter detrimental effects of cancer treatment
Too few ward nurses linked to longer hospital stay, readmission, and risk of death
Friendship bracelet: New technology connects neurodiverse groups of children
Forest in sync: Spruce trees communicate during a solar eclipse
Parents take a year to ‘tune in’ to their child’s feelings about starting school, research suggests
American Heart Association stands together with Arkansas and against the soda industry to reduce sugary drink consumption
AI-ECG tools can help clinicians identify heart issues early in women planning to have children
NIH’s initiative to prioritize human-based research a ‘big win for animals,’ says doctors group
Nearly one-quarter of e-Scooter injuries involved substance impaired riders
Age, previous sports experience, stronger predictors of performance in children than previous concussions, York U study finds
Dogs with meningiomas live longer with radiation therapy than surgery, Texas A&M researchers find
Pregnancy-related proteins in tumors linked to worse survival in female lung cancer patients
New study highlights success of financial toxicity tumor board in reducing cancer treatment costs
CAD/CAM shows clinical benefits in jaw reconstruction, reports Plastic and Reconstructive Surgery
Missed school is an overlooked consequence of climate change
Reasons why anxiety and depression promote low self-belief revealed
UMass Amherst graduate student’s discovery shows that even neutral molecules take sides when it comes to biochemistry
Electroactive biofiltration dynamic membrane: A new hope for wastewater treatment
Disparities in breast reconstruction persist after ACA, reports Plastic and Reconstructive Surgery
Making magnetic biomaterials
Synchrotron in a closet: Bringing powerful 3D X-ray microscopy to smaller labs
Multiscale fibrous reinforcements yield high-performance construction composite
Using “shallow shadows” to uncover quantum properties
[Press-News.org] BizBen Index Shows Boost in California Business for Sale Deals, But Activity Still Below ParThe 4,006 deals for California's small and mid-sized business for sale offerings during the three months of 2013 represents the highest first quarter volume of business transfers in five years.