News
A Dose of Optimism
August, 2011. Business Sales and Acquisition activities are up for the third quarter in a row.
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.
Ventura, CA Top Business Sales- Henry Weaks
http://videos.orange.es/video/iLyROoafZq8a.html
Los Angeles Business Broker, Henry Weaks, Recognized As An Authority On Business Sales And Acquisitions
PRESS RELEASE: Los Angeles CA, 30 August, 2011 – Henry Weaks, Los Angeles business broker, is pleased to announce a single site location for Los Angeles business sales. Mr Weaks offers extensive experience in business ownership as well as the successful sale of his own company. He shares the lessons learned in all areas of business marketing with buyers and sellers in Los Angeles County and surrounding areas.
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.
Learn How A Business Broker Provides Guidance During The Transition Period Of Business
When an individual purchases an enterprise, the main priority is maintaining a smooth transfer between owners. This will reduce the likelihood of reduced revenue while the company is going through the transfer of ownership and change in procedures that the new owner may want to implement. The assistance of a Los Angeles business sales transition professional will be invaluable in the planning and transfer of the enterprises during and after the sale.
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.
