Released on = January 9, 2006, 12:14 pm

Press Release Author = Peter Siegel / Business Exchange Network

Industry = Small Business

Press Release Summary = Los Angeles County, California. 79 Los Angeles 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 = Los Angeles County, California. 79 Los Angeles 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 Los Angeles County businesses during this time period by City include:
Avalon: 1. Beverly Hills: 2. Burbank: 3. Canyon Country: 2. Chatsworth: 3. Compton:
2. Covina: 1. Downey: 1. Encino: 2. Gardena: 2. Hacienda Heights: 1. Huntington
Park: 1. La Puente: 1. La Verne: 1. Lancaster: 2. Lawndale: 2. Long Beach: 3. Los
Angeles: 20. Maywood: 1. Montrose: 1. North Hollywood: 3. Paramount: 1. Pomona: 5.
Reseda: 2. Studio City: 1. Tarzana: 2. Torrance: 1. Van Nuys: 8. Walnut: 1.
Whittier: 2. Wilmington: 1.

This Week\'s BizBen.com Tip For Successfully SELLING A Los Angeles 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 Los Angeles 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 Los Angeles County go to:
www.BizBen.com/listings/los-angeles-county.php

For a complete list of professional business brokers and agents in Los Angeles
County go to:
www.BizBen.com/brokers/los-angeles-county.php

For a list of resources for buying and selling businesses in Los Angeles County go to:
www.BizBen.com/resources/los-angeles-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



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