DUBLIN >> The 1,439 completed deals on California small business for sale offerings last month represents an increase of 11.5% from the 1,290 sales recorded the previous month, it was announced by the BizBen Index. “Much of the boost in deals last month, compared to April is a result of the ‘carry over’ effect. Buyers and sellers whose deals could have been concluded in April, delayed their escrows because of family plans related to spring break and the Easter and Passover Holidays,” Peter Siegel said, MBA, founder and CEO of BIzBen.com, parent company of the BizBen Index. Those “carry over” transactions were concluded last month.
Among the counties reporting increased sales in May compared to the previous month are Contra Costa County with a dramatic rise of 160% to 29 completed sales last month compared to the 11 deals posted in April, and Fresno County which recorded a 150% jump to 57 sales for May, vs. 23 during the previous month. The largest increase among Southern California counties was in Riverside, with a 140% boost from April’s 46 deals to 110 business transfers completed last month.
April to May sales declines were reported in Los Angeles County with a 13% drop from 333 to 320 transactions, and in San Diego County where the closed escrow count of 134 deals declined 23% to 111 completed sales last month. San Francisco County’s 48% decrease in transactions resulted in a total transfer of 28 last month compared to 54 deals concluded the previous month.
