Small Business Sales Stats- 17 Businesses In Stanislaus County, California Sold Last Week
Released on = January 9, 2006, 12:59 pm
Press Release Author = Peter Siegel / Business Exchange Network
Industry = Small Business
Press Release Summary = Stanislaus County, California. 17 Stanislaus 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 = Stanislaus County, California. 17 Stanislaus 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 Stanislaus County businesses during this time period by City include: Ceres: 1. Modesto: 10. Oakdale: 3. Riverbank: 1. Salida: 1. Westley: 1.
This Week\'s BizBen.com Tip For Successfully SELLING A Stanislaus 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 Stanislaus County Business: Get Pre Qualified For Financing - Leverage That Purchase Getting Pre-Qualified for financing by lenders if very important since many businesses want all cash for their business. With financing you only have to put down 20%-30% and you can get financing for the rest of the purchase. You will need to submit basic financial info to these lenders and in most cases depending on the size and type of businesses you are looking to purchase they can tell you if you would be able to get a loan from their company. To get pre-qualified and for more information about SBA loan financing go to: www.BizBuyFinancing.com
For all ACTIVE businesses for sale in Stanislaus County go to: www.BizBen.com/listings/stanislaus-county.php
For a complete list of professional business brokers and agents in Stanislaus County go to: www.BizBen.com/brokers/stanislaus-county.php
For a list of resources for buying and selling businesses in Stanislaus County go to: www.BizBen.com/resources/stanislaus-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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