COMPANY OWNERSHIP
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Sales of Orange County businesses fall 35 percent
Only 212 firms were sold last month, compared to 288 in May 2008, says BizBen.com.
By Kristen SchottPublished: June 01, 2009 02:26 PM
The number of small and mid-sized businesses in Orange County that sold in May was down 35 percent compared to the same time last year, according to statistics from BizBen, a Web site that specializes in the sale of California companies.
While 288 firms were sold in May 2008, only 212 were reported last month. This is the 10th straight monthly decline in year-over-year sales.
Where month-to-month sales are concerned, there is some good news. May sales were up 144 percent compared to April. And excluding April, the amount of businesses sold in the region has generally been on the rise this year: January, 80; February, 92; March, 123; April 87; and May, 212.
Statewide, 1,859 companies were purchased in May. It's a 25 percent drop from the same time last year.
Related headlines
Grubb & Ellis first-quarter financials: down, but not out
Voit directs sale of 47,815-square-foot property
'OC METRO Minute,' June 1: O.C.'s inventory of homes for sale could run out in 5 months
'OC METRO Minute,' May 29: O.C.'s median home price
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While 288 firms were sold in May 2008, only 212 were reported last month. This is the 10th straight monthly decline in year-over-year sales. Where month-to-month sales are concerned, there is some good news. May sales were up 144 percent compared to April. And excluding April, the amount of businesses sold in the region has generally been on the rise this year: January, 80; February, 92; March, 123; April 87; and May, 212. Statewide, 1,859 companies were purchased in May. It's a 25 percent drop from the same time last year. Related headlines Grubb & Ellis first-quarter financials: down, but not out Voit directs sale of 47,815-square-foot property 'OC METRO Minute,' June 1: O.C.'s inventory of homes for sale could run out in 5 months 'OC METRO Minute,' May 29: O.C.'s median home price |
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