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O.C. sees spike in business sales activity
96 firms changed hands in January, up from 80 in 2009, according to BizBen.com.
By Kristen SchottPublished: February 03, 2010 10:35 AM
A new report from BizBen.com shows a much-needed uptick in business sales activity in Orange County. The number of small and midsized firms that changed hands in January jumped 20 percent, compared to the same time last year.
Ninety-six companies were sold over the month, up from 20 in 2009, according to BizBen.com, a Web site that tracks the sales of businesses in the state.
The increase in activity stems from pent-up demand and a higher level of interest from entrepreneurs who are planning to purchase a company, according to Web site CEO and founder Peter Siegel.
“More corporate layoffs translate to a bigger market of prospective buyers," he says. "It’s that pressure, and the need of many buyers to get into a company so they can start generating an income, that has helped account for the heightened activity in the market for small and midsized enterprises."
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Ninety-six companies were sold over the month, up from 20 in 2009, according to BizBen.com, a Web site that tracks the sales of businesses in the state. The increase in activity stems from pent-up demand and a higher level of interest from entrepreneurs who are planning to purchase a company, according to Web site CEO and founder Peter Siegel. “More corporate layoffs translate to a bigger market of prospective buyers," he says. "It’s that pressure, and the need of many buyers to get into a company so they can start generating an income, that has helped account for the heightened activity in the market for small and midsized enterprises." NEXT PAGE >> Related headlines Newport Beach-based Acacia subsidiary wins lawsuit against Yahoo! Fountain Valley's Hyundai sees 24 percent pop in sales Commercial real estate: Voit sees a spike in short-term lease activity |
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