California Business Brokers and Small Business Owners Sold 9 Businesses for Sale in Sonoma County
Released on = January 25, 2006, 1:42 pm
Press Release Author = Peter Siegel / Business Exchange Network
Industry = Small Business
Press Release Summary = Sonoma County, California. 9 Sonoma 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 = Sonoma County, California. 9 Sonoma 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 Sonoma County businesses during this time period by City include: Cloverdale: 1. Cotati: 1. Santa Rosa: 3. Sebastopol: 1. Sonoma: 3.
This Week\'s BizBen.com Tip For Successfully SELLING A Sonoma 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 Sonoma County Business: Make An Offer If You Like A Business Too many buyers are timid when buying a business and not willing to \"pull the trigger\" and sign a purchase agreement to start the process of buying a business. Remember sign a purchase agreement there will be a Due Diligence period with contingencies that will have to be met before the deal is closed. If those contingencies are not met or the books and records are not exactly as represented you are in most instances able to pull out of the deal - make sure you have all contracts/agreements reviewed by an attorney before signing.
For all ACTIVE businesses for sale in Sonoma County go to: www.BizBen.com/listings/sonoma-county.php
For a complete list of professional business brokers and agents in Sonoma County go to: www.BizBen.com/brokers/sonoma-county.php
For a list of resources for buying and selling businesses in Sonoma County go to: www.BizBen.com/resources/sonoma-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:
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Contact Details = Business Exchange Network 9110 B Alcosta Blvd, #238 San Ramon, CA 94583 925-830-3447 dataforpeter@hotmail.com