20 Small Businesses Were Sold In Orange County, California Last Week
Released on = December 29, 2005, 10:15 am
Press Release Author = Peter Siegel / Business Exchange Network
Industry = Small Business
Press Release Summary = BizBen.com -- SAN RAMON, California, December 26, 2005. 20 Orange County businesses were sold by owners of small businesses, business brokers, & real estate agents for the week of December 19, 2005 thru December 25, 2005. Sales of small and mid-sized businesses this past week throughout Northern & Southern California were slow due to the Holidays.
Press Release Body = BizBen.com -- SAN RAMON, California, December 26, 2005. 20 Orange County businesses were sold by owners of small businesses, business brokers, & real estate agents for the week of December 19, 2005 thru December 25, 2005. Sales of small and mid-sized businesses this past week throughout Northern & Southern California were slow due to the Holidays.
Sales of Orange County businesses during this time period by City include: Anaheim: 2. Buena Park: 2. Dana Point: 1. El Toro: 1. Fountain Valley: 1. Fullerton: 1. Garden Grove: 1. La Habra: 2. Laguna Hills: 2. Newport Beach: 3. San Juan Capistrano: 1. Santa Ana: 1. Tustin: 1. Villa Park: 1.
This Week\'s BizBen.com Tip For Successfully SELLING A Orange County Business: Have All Records Ready Before You Go To Market! Have these items ready before the business goes on the market to be sold: The last 3 years of federal tax returns for the business being sold, the last 3 years of financials (profit & loss statement, balance sheet), the last 3 years of monthly bank statements, copy of current lease, list of all equipment being sold with the business, etc - many parties during the selling process will need this info - serious business buyers, your landlord for a new lease for the new buyer, lenders (for a possible loan/financing for the buyer, note buyback firm (in case you want to sell the note for cash after the business sells). Also make sure you know what the correct Adjusted Net income has been for the last 3 years. Serious business buyers will want to know this. Adjusted Net income is: Net Income + Owners Salary + Depreciation + Interest Expenses + Other Business Expenses Written Off (Deducted) That May Not Necessarily Be Business Expenses To The New Owner Of The Business.
This Week\'s BizBen.com Tip For Successfully BUYING A Orange County Business: Keep The Negotiating & Communications Moving Forward! Remember - TIME KILLS DEALS. Make sure when you are negotiating the contract, allocation of purchase price, new or restructured lease, etc. always be moving forward. Don\'t let any situation sit too long - it will most likely kill the deal!
For all ACTIVE businesses for sale in Orange County go to: www.BizBen.com/listings/orange-county.php
For a complete list of professional business brokers and agents in Orange County go to: www.BizBen.com/brokers/orange-county.php
For a list of resources for buying and selling businesses in Orange County go to: www.BizBen.com/resources/orange-county.php
For all workshops this month on the topic of selling and buying a business go to: www.BizBen.com/workshops
Blog on buying and selling businesses - see the latest topics, events, & info at: www.USABizMart.com/blog
Peter Siegel, MBA the founder of both BizBen.com and USABizMart.com has been keeping stats of California business sales for over 7 years. Mr. Siegel has written 3 books on the topic of selling and buying businesses and is the author of a highly visited blog on this topic. Mr. Siegel also writes a daily blog on the topic of selling and buying businesses at www.USABizMart.com/blog. Established over 10 years BizBen.com / California Businesses For Sale is the largest \"clearinghouse\" of businesses for sale in all counties of California. On average over 80 new California small to mid-sized businesses for sale are listed daily on their website at www.BizBen.com.
Contact Information:
BizBen.com 800-572-7260 http://www.BizBen.com
Web Site = http://www.bizben.com
Contact Details = Business Exchange Network 9110-B Alcosta Blvd., #238 San Ramon,CA 94583 925-830-3447 dataforpeter@hotmail.com