The nation’s largest business-for-sale website has reported that sales of privately held businesses were up 8 percent for the quarter just ended as compared to the same period last year. This is the third successive quarter in which current results have bested year earlier numbers.

The information comes from BizBuySell.com and is based on transactions reported by participating business brokers. The average gross annual revenue of sold companies was $340,000. Average selling price of the businesses was $150,000.

There were a total of 1,198 businesses reported in the survey as changing hands. Interestingly, 45 percent of these were classified as service businesses. Retail and restaurants accounted for 44 percent, with manufacturing transactions at only 5 percent. The remaining 7 percent were classified as “other.”

An increase in small business sales is generally considered to be good for the economy, as small and medium sized businesses provide more than half of the private sector employment and gross domestic product. New owners of businesses are often eager to put their own stamp on the venture, investing in new product lines, employees, equipment and marketing efforts.

Weaks has successfully completed sales of businesses in nearly every industry. With a personal business background in industrial sales, business management, commercial real estate management and management consulting services, Weaks is qualified to do most of the tasks related to business marketing and sales.

For those who are purchasing a business, Weaks offers access to his list of prospective sellers. He represents buyers and sellers at every stage of the process from idea to key in the door.

Learn more about real estate transactions that include the sale or purchase of a related company. Each business has unique characteristics that enter into a business sale by checking out the web pages at http://www.henryweaks.com today. Members of the press and others may get answers to any questions about the details of this press release by contacting Weaks at the location below.

Contact Name: Henry Weaks

Company Name: Sunbelt

Address: 11 West Del Mar Boulevard, Suite 200, Pasadena, California 91105

Telephone Contact Number: 800.979.8570

Fax Number: (626) 584-2913

Email: henry@henryweaks.com

Website: http://www.henryweaks.com

Sunbelt Pasadena and Henry Weaks, professional in Los Angeles business sales, offers expertise in all areas of business sales and purchases.

When a change-over period has been agreed to as part of the sale, it may last between a few weeks to several months. The transfer period will normally involve extensive training of new employees who will be coming on board with the new owner as well as training for employees that are retained. It ensures the new owner has the necessary time to learn the company from the previous owner. Because the first few months are very critical, the former owner will usually be available to provide assistance and information to new owners that will help them identify and resolve problems or gaps in that must be addressed.

A professional will evaluate price, prepare the sale, and help with negotiations. During the transfer they work with the new owner, employees and suppliers to help the company maintain its revenue and identify issues that may be creating a reduced income flow.

There are many things brokers suggest during the transfer period. They will work with the new owner on a plan that will allow for the changes desired in the plans and strategies with customer retention in mind. In most cases the professional will be experienced and knowledgeable in the industry and local needs in the community that will help the new owner expand his customer base. Another primary target during the exchange of ownership is the employees and how they will be used in the new enterprise. New buyers need to meet them, sit down, talk with them, and increase their morale.

Other recommended tips include asking as many questions as possible to the previous owner. Let them show how the company runs and how procedures are implemented. Also highly advocated is to stick with the current procedures already in place for record keeping.

A Los Angeles business sales broker assists individuals throughout the transition period when they purchase a new company. The transition period is important as it helps the enterprise operate with little interruption. They offer guidelines to follow so when the period is over, the new owner can successfully build a new and thriving enterprise.

LA is still a good place to do business. If you need professional assistance for your Los Angeles business sales, visit the website at http://www.henryweaks.com today.

Although it is customary for the seller to hire the broker and pay a pre-agreed commission from the proceeds of the sale, brokers often represent both parties. A broker is not the same as a business dealer. A dealer is someone who buys and sells companies for his or her own personal financial gain and therefore has a vested interest in the transaction.

A broker’s job is to bring a buyer and a seller together and assist them in negotiating an agreement that benefits both parties. One of the main advantages of letting a broker take charge of the sale is that he or she can utilize their experience when it comes to setting a good price for your company. Brokers know how to get the maximum valuation businesses.

If you use the services of a reputable business sales broker, you can be confident that the potential buyer will be reliable and have the financial resources to meet the price. The entire sale process will be monitored to ensure that everything takes place legally and that you will not lose out in any way. Less savory operators often fail to reveal some of the costs involved in selling a business.

When you first consult with a sales broker, the two of you will discuss where and how to advertise the sale of your company. Here again, he or she will know exactly which medium would be best suited for your type of business. Brokers have all sorts of contacts in their network and often know potential buyers who may be interested.

A Los Angeles Business sales consultant can also tell you exactly what documents you need for the sale to go through. These include tax clearance certificates, expenditure and income reports, and financial reports. Also, to protect your interests, your broker may suggest that you include some special clauses in the sale agreement.

If you are interested in Los Angeles business sales, you can get professional help from a specialized realtor. For additional information, you should visit the website at http://www.henryweaks.com .

Weaks says, “My passion is helping other business owners to have the same success that I have had.” He uses a personalized approach to brokering a business regardless of its size. He effectively takes owners through the crucial process of exit planning, working with him on valuation, meeting with potential buyers, due diligence and escrow, the sale, and finally, the transition. His extensive business experience and expertise makes him uncommonly qualified to help business owners get the most after tax dollars for the investment they have made in their business.

For more information about how Henry Weaks is uniquely qualified to broker business sales, owners looking at selling are encouraged to visit his website at http://www.henryweaks.com/. Members of the press and/or other interested parties may obtain more information by contacting the following:

Sunbelt

Henry Weaks, Los Angeles business sales broker

11 West Del Mar Blvd. Suite 200

Pasadena, CA 91105

Toll Free: 800-979-8570

Fax: 626-584-2913

Email: henry@henryweaks.com

Los Angeles Business Sales Broker, Henry Weaks is uniquely qualified to broker business sales in the most favorable way for sellers. He has owned and operated his own large business and sold it for top dollar.

A broker is a liaison between business buyers and sellers. They evaluate the business, meet with potential buyers, take care of escrow and due diligence, and the sale and business transaction. Brokers know how to get the most for any business, despite the economic climate.

Buying an existing business offers more benefits than starting a business from the ground up. It can offer more certainty and more stability. However, there can be potential problems when buying an existing business and a broker can help to determine what business is a good purchase.

Brokers understand the financial aspects of business, trends and economy in this geographic location when it comes to buying. They provide information on the area, and the more profitable kind of business to purchase. These individuals invest in real time market watch to locate a better deal. Utilizing the services of a broker is common sense as by doing so, this is a sure fire sign that money will not be lost in a bad deal.

There are many advantages of using a broker to assist companies and individuals in selling a business. They have extensive knowledge on how to determine the worth of businesses. They present a comprehensive marketing package displaying businesses at their best. They know how to attract buyers. One last advantage is that they can work as an intermediary between buyers and sellers.

Los Angeles business sales brokers know what is needed to close business transactions between buyers and sellers. They provide great advice and have the most experience. Brokers assist on getting a better price and the lowest rate of financing available. As buying and selling is an intimidating process, often time-consuming as well, brokers can take the edge off.

Los Angeles business sales offer an exciting and profitable market if you want to own a business in the area. Additional information is available on the website at http://www.henryweaks.com .