The mix of good news and bad news in the small business sales sector demonstrates that we’re experiencing the same uncertainties that impact most parts of our economy. It’s a reminder to buyers and sellers, and the professionals who help them, that we’re working in a new business environment. It’s far different than what we experienced say, two years ago.
Dublin, CA (Vocus) July 8, 2010
More small and mid-sized California businesses were sold last month, compared to June 2009, while the first half total for 2010 declined from the same period last year, according to figures released by BizBen.com - businesses for sale in California.
“Monthly volume of transactions has been moving up and down since the mortgage meltdown in fall 2008. And that makes it practically impossible to identify a sustaining trend,” said Peter Siegel, MBA, Founder and CEO of BizBen.com.
He noted that June 2010 sales totaled 1,090, up from 986 in the same month last year. Transaction volume of 6,481 so far this year represents a decline of nearly 17 percent from the 7,793 deals closed the first half of 2009.
“The mix of good news and bad news in the small business sales sector demonstrates that we’re experiencing the same uncertainties that impact most parts of our economy. It’s a reminder to buyers and sellers, and the professionals who help them, that we’re working in a new business environment. It’s far different than what we experienced say, two years ago.”
Among those differences, according to Siegel, are “the manner of financing, the calculation of business value, the need for creative deal making and the speed at which market circumstances change.
“Is SBA-backed funding available with incentives included to encourage financing for small businesses? The answer to that question has been changing week to week,” said Siegel.
Los Angeles County showed a nearly 30 percent increase in transactions with 312 sales last month, vs. 241 deals during June 2009. Volume was up substantially in San Francisco, which recorded 61 deals last month, and only 33 in the same month last year. Santa Clara County’s figure also was 61, the exact sales count it recorded for June 2009.
The figure of 100 sold businesses for June in San Diego County was unchanged from the same period last year. A decline was recorded in Orange County, where 88 deals closed last month, compared to the 94 registered the prior June.
BizBen.com, founded in 1994, is one of the nation’s leading online marketplaces for small businesses and resources. For the past 17 years the company has collected and reported monthly sales statistics, broken down by city and by county. The site also is popular for its ideas, industry news, talk-radio program, and a blog page for entrepreneurs planning to sell or purchase a business opportunity. It also is a key resource for business brokers and the other professionals who work with entrepreneurs involved in California’s small business marketplace.
June 2010 sales results by California County (available in the BizBen statistics section) are as follows:
Alameda: 34, Amador: 1, Butte: 10, Calaveras: 1, Contra Costa: 22, El Dorado: 5, Fresno: 27, Humboldt: 3, Imperial: 6, Kern: 16, Lake: 4, Los Angeles: 312, Marin: 13, Mendocino: 2, Merced: 4, Monterey: 19, Napa: 1, Nevada: 1, Orange: 88, Riverside: 27, Sacramento: 43, San Bernardino: 41, San Diego: 100, San Francisco: 61, San Joaquin: 16, San Luis Obispo: 11, San Mateo: 17, Santa Barbara: 19, Santa Clara: 61, Santa Cruz: 10, Shasta: 10, Siskiyou: 3, Solano: 7, Sonoma: 20, Stanislaus: 20, Sutter: 6, Tulare: 10, Tuolumne: 4, Ventura: 24, Yolo: 10, Yuba: 1
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