BizBen.com has just updated their business sales statistics, and business sales continue at a brisk pace.
Here are the number of businesses sold thru August 2018 in Riverside County:
| Total 2018 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 520 | 69 | 69 | 42 | 66 | 45 | 93 | 74 | 62 |
Here are last year’s sales data (Riv Co):
| Total 2017 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 812 | 66 | 65 | 63 | 46 | 110 | 68 | 47 | 59 | 67 | 44 | 79 | 98 |
Here are San Bernardino County’s numbers thru August 2018:
| Total 2018 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 502 | 80 | 56 | 60 | 38 | 69 | 92 | 53 | 54 |
Here are 2017 results (San Bernardino County)
| Total 2017 | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 812 | 54 | 45 | 78 | 52 | 62 | 53 | 83 | 74 | 55 | 85 | 97 | 74 |
Good News: Businesses continue to sell at a great pace, about the same as last year. Lots of qualified buyers with cash or access to financing. Tons of “businesses” for sale.
Bad News: Tons of “businesses” for sale (again). I use “quotes”, because I feel many businesses on the market are not sellable. They planned poorly, have insufficient books and records, they are in overpriced leases, or are in tough industries like retail/brick & mortar.
If you are a business that is thinking about selling, start your exit plan now. Give us a call, we can explain the process and even offer a business valuation.
Since 2006 we have been helping entrepreneurs sell their businesses. We are the premier Business Brokers in Southern California.
Here are our current listings, businesses for sale.
Here are are our recently closed deals. Just Sold Businesses.