Values of Los Angeles Businesses May Be Improving

An article by admin    No Comments

According to an L.A. Times report, sales of businesses in Los Angeles County fell to 3,769 last year.  This is a 32% decrease from 2008.  The report also states the median selling price for a small business has also decreased, falling from $238,000 in 2008 to $230,000 at the end of 2009.

Even in the midst of these dismal numbers, some are optimistic of a turnaround in the values and sales of small businesses.  For example, Mike Handelsman, general manager of BizBuySell.com, said to L.A. Times, “Demand [for businesses] may increase as laid-off employees consider purchasing a small business…The supply may also grow to include more relatively stable businesses as owners who had delayed retirement during the worst of the recession begin to consider selling. Lending is also beginning to pick up,” (L.A. Times).

Question:

Do you have plans to sell your business in the near future?