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Follow on Google News |  BizBen Index Reports Joaquin County Increased Small Business For Sale Transfers Last YearA total of 245 small and mid-sized San Joaquin County businesses were sold last year, an increase of nearly 4% compared to the count of 236 completed deals in 2011, it was announced by the BizBen Index.
By: BizBen.com “Business sales activity seems to be growing in San Joaquin County, but at an uneven rate,” said Peter Siegel, MBA, Founder and President of BizBen.com, parent of the BizBen Index. “That pretty well matches the pattern of business activity throughout the economy.” Siegel said the California total of completed business sales for the year reached 14,368, an increase of about 3% over the 13,948 deal count for the state in 2011. “We’re seeing increasing sales activity in much of the state’s business-for- The San Joaquin County leader in business sales last month was the City of Stockton with 6 deals. There was one transaction involving a Lathrop business and a deal in Tracy. The county’s 20ll report showing sales by city (found at http://bizben.com/ “There are signs of improvement in the level of small business transactions in the state, but it is likely to take several years before the market returns to the pre-recession rate we enjoyed until we approached the end of 2008,” said Siegel. He noted that many of California’s buyers and sellers are “starting to learn how to deal with some of the challenges that have prevented Californians from completing their deals the past few years.” Among the challenges, according to Siegel, is the mood of uncertainty that is part of the current economic environment. Another is the difficulty accessing business purchase financing needed to help fund transactions. “While some banks and other financial institutions are starting to serve the business-for- He added, “The rate of small business sales is an important indicator of the state’s economic health. If small businesses are to grow and provide more jobs, they need to be transferred to new, often more energetic ownership when the current owner is ready to retire or undertake some other enterprise.” The California business sales totals for December 2012 by county are noted below and available at http://www.bizben.com/ 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/ Siegel said a small business is a company that sells for $2 million or less. 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 http://www.BizBen.com is available via Twitter: https://twitter.com/ Facebook: http://www.facebook.com/ LinkedIn: htttp://linkedin.com/ Google+: https://plus.google.com/ End
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