There is a lot of pent up demand that will propel small business sales in California. It will pick up with a vengeance around mid-January and stay strong until tax time in April
San Ramon, CA (PRWEB) January 4, 2007
When the buyer of a California business for sale was looking for a business to buy, the last thing he thought of was a home-based business. He had searched for a year but couldn't find anything just right. Now he's the new owner of a small business that sells blinds - and he loves it.
The business was run by one man, came with six territories, and had good cash flow. The listing agent, Christina Krikorian thought it would be a tough sale. "Many buyers don't trust home-based businesses. They don't feel legitimate because they can't see the business," she explained. The business sold in a week for $225,000. Since the seller was organized, and it was a cash deal, the sale went fast.
Ninety percent of small businesses sales are to first-time buyers. Many aren't sure what details are important and what to let go of. The sales are often emotional for both the buyer and the seller. As such Krikorian says she's part coach, part matchmaker.
After listening to what the buyer was looking for Krikorian thought it sounded like a fit. The company installs custom blinds and window coverings. The buyer was resistant at first. By his own admission he wouldn't have thought of a blinds franchise. Yet the business had the qualities he was looking for: the chance to interact with people and to work with his hands. Now he gets along so well with the previous owner that he hired him.
It's been a strong year end for Krikorian. She said her biggest source of leads is the Internet, including regular business for sale listings on BizBen.com. She has sold or is close to selling five businesses at a slow time of the year.
Volume of small businesses sold is lower because of the holidays but they will pick up in the next few weeks. "There is a lot of pent up demand that will propel small business sales in California. It will pick up with a vengeance around mid-January and stay strong until tax time in April," said Peter Siegel, MBA founder of BizBen.com.
Siegel suggests those who want to sell their business utilize this time to plan and prepare. "Get everything in order, your financial statements, tax returns, agreements w vendors, business ," he advises.
BizBen has small business listings by county, business type, and category. To see new listings of businesses for sale in California, see http://www.bizben.com/newlistings/.
In addition to the business above, 379 small businesses, franchises, and business opportunities were sold in California last week. The businesses were sold by business owners of small businesses, business brokers, & real estate agents. Following are statistics for December 18 to December 24, 2006.
Sales of California businesses during this time period by County include:
Alameda County: 14, Amador County: 1, Contra Costa County: 15, El Dorado County: 2, Fresno County: 2, Kern County: 6, Los Angeles County: 130, Marin County: 5, Merced County: 3, Napa County: 4, Nevada County: 3, Orange County: 42, Placer County: 4, Riverside County: 20, Sacramento County: 10, San Bernardino County: 16, San Diego County: 21, San Joaquin County: 11, San Luis Obispo County: 4, San Mateo County: 7, Santa Barbara County: 4, Santa Clara County: 22, Santa Cruz County: 1, Solano County: 3, Sonoma County: 10, Stanislaus County: 11, Sutter County: 1, Ventura County: 1.
About Christina Krikorian
Orange County Business Broker Christina Krikorian works for California Business Brokers in Mission Viejo, California. She was a successful small business owner before becoming a business broker several years ago. She has helped so many buyers purchase a Dairy Queen franchise, she is known as the queen of Dairy Queen franchise sales. She has helped buyers sell and buy all types of businesses. Most small businesses don't sell because the buyers or sellers have unrealistic expectations or are unprepared. With her guidance and expertise, seventy-five percent of her business listings sell.
BizBen.com was started in 1994 by industry expert Peter Siegel, MBA. It serves California business buyers, small business owners, business brokers, and real estate agents. Over 40,000 business buyers come to BizBen each day to search over 6000 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.