46 Small Businesses, Franchises, and Business Opportunities Were Sold Last Week In San Diego County
Released on = January 9, 2006, 12:35 pm
Press Release Author = Peter Siegel / Business Exchange Network
Industry = Small Business
Press Release Summary = San Diego County, California. 46 San Diego County business sales were recorded from small business owners, business brokers, & real estate agents throughout all of California for the week of January 2, 2006 thru January 8, 2006. Sales of small and mid-sized businesses this past week picked up after the sluggish period at the end of last year. Recorded sales should start increasing over the next several weeks due to business brokers and owners getting back to work.
Press Release Body = San Diego County, California. 46 San Diego County business sales were recorded from small business owners, business brokers, & real estate agents throughout all of California for the week of January 2, 2006 thru January 8, 2006. Sales of small and mid-sized businesses this past week picked up after the sluggish period at the end of last year. Recorded sales should start increasing over the next several weeks due to business brokers and owners getting back to work.
Sales of San Diego County businesses during this time period by City include: Bonita: 1. Bonsall: 1. Chula Vista: 4. El Cajon: 3. Escondido: 1. Fallbrook: 2. Imperial Beach: 1. La Mesa: 1. Lemon Grove: 1. National City: 1. Oceanside: 3. Poway: 2. San Diego: 17. San Marcos: 2. Spring Valley: 2. Vista: 4.
This Week\'s BizBen.com Tip For Successfully SELLING A San Diego 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 San Diego County Business: Know The Types/Sizes/Locations Of Businesses You Want To Buy Before you start calling/contacting business brokers and agents make sure you know what types, sizes, and locations of businesses you are looking to buy. If you seem uncertain about this to brokers and agents they will not spend a lot of time with you. There are many more buyers than sellers on the market and brokers/agents like to work with buyers, who are serious, motivated, and know what they are looking for.
For all ACTIVE businesses for sale in San Diego County go to: www.BizBen.com/listings/san-diego-county.php
For a complete list of professional business brokers and agents in San Diego County go to: www.BizBen.com/brokers/san-diego-county.php
For a list of resources for buying and selling businesses in San Diego County go to: www.BizBen.com/resources/san-diego-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.
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