Released on = January 25, 2006, 1:25 pm

Press Release Author = Peter Siegel / Business Exchange Network

Industry = Small Business

Press Release Summary = San Luis Obispo County, California. 6 San Luis Obispo County
business opportunity sales were recorded from small business owners, business
brokers, & commercial and residentail real estate agents throughout all of
California for the week of January 16, 2006 thru January 22, 2006. We are seeing
more businesses being put on the market this past week and a few more escrow
closings than in the past.


Press Release Body = San Luis Obispo County, California. 6 San Luis Obispo County
business opportunity sales were recorded from small business owners, business
brokers, & commercial and residentail real estate agents throughout all of
California for the week of January 16, 2006 thru January 22, 2006. We are seeing
more businesses being put on the market this past week and a few more escrow
closings than in the past.

Sales of San Luis Obispo County businesses during this time period by City include:
Cambria: 2. Nipomo: 2. Pismo Beach: 2.

This Week\'s BizBen.com Tip For Successfully SELLING A San Luis Obispo 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 Luis Obispo County Business:
Have Your Professionals Lined Up Before You Sign A Contract
You will be utilizing many professionals to buy a business. Make sure you have a CPA
or Due Diligence Consultant to help you look at the financials and paperwork of the
business to make sure it is in order. You will also possible need financing (a loan
for the purchase), escrow services, an attorney to review contracts and possible
other services to assist you in the buying of your business. For resources to sell
and buy businesses in California go to: http://www.bizben.com/resources


For all ACTIVE businesses for sale in San Luis Obispo County go to:
www.BizBen.com/listings/san-luis-obispo-county.php

For a complete list of professional business brokers and agents in San Luis Obispo
County go to:
www.BizBen.com/brokers/san-luis-obispo-county.php

For a list of resources for buying and selling businesses in San Luis Obispo County
go to:
www.BizBen.com/resources/san-luis-obispo-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