We saw a lot of franchises closing at the end of December and early January. Most of the sales were to people who left corporate America to become small business owners
San Ramon, CA (PRWEB) January 17, 2007
Franchise resales in California were higher than usual on BizBen. People are leaving corporate America to own their own businesses often need immediate cashflow. Buying an existing franchise can save them thousands of dollars over buying one brand new.
For many people leaving corporate America buying a franchise resale is an ideal way to own their own business. When buying an existing franchise for sale there is immediate cashflow and many of the problems are already worked out. That was the experience of Sushma Rao who is selling a printer ink refills business in San Diego, California.
Rao wasn't expecting the demands of opening a new franchise. The business is in a good location in a busy strip mall. She was trained well by the franchise company. Still, she says, "If I were to do it again, I'd find something that was established. When you start from scratch there is so much you have never done before. An established franchise has a reputation, clients, and the little glitches are solved for you."
For that same reason franchises appeal to people who want to leave jobs and become small business owners. It's a busy time for franchise sales on BizBen. BizBen is a web site to buy or sell a California business. "We saw a lot of franchises closing at the end of December and early January. Most of the sales were to people who left corporate America to become small business owners," said Peter Siegel MBA, founder of BizBen.com.
Here are the stats for California businesses sold last week: 244 California businesses were sold by business owners of small businesses, business brokers, & real estate agents for the week of January 8, 2007 thru January 14, 2007.
Sales of California businesses during this time period by County include:
Alameda County: 6, Calaveras County: 2, El Dorado County: 1, Lassen County:
1, Los Angeles County: 96, Marin County: 9, Merced County: 5, Napa County:
1, Orange County: 19, Placer County: 5, Riverside County: 15, San Bernardino
County: 14, San Diego County: 26, San Francisco County: 15, San Luis Obispo
County: 3, San Mateo County: 2, Santa Barbara County: 4, Santa Clara County:
8, Sonoma County: 7, Ventura County: 3, Yuba County: 1
BizBen.com was founded in 1994 by industry expert Peter Siegel, MBA. Siegel works with business buyers, small business owners, business brokers, and real estate agents in California. He writes BizBen's syndicated small business blog. Each day over 40,000 business buyers come to BizBen to search over 6,000 California small business listings for sale.
BizBen's services for business brokers/agents and business owners are the most innovative and effective ways to sell a small California business online. The Fast Track Advertising program was the first of its kind on the Internet and boasts over a 90% success rate!