ECONOMIC NEWS
Untitled Page
Business sales remain flat in Orange County
Ninety-four firms changed hands last month, compared to 92 in February 2009, says BizBen.com.
By Kristen SchottPublished: March 03, 2010 07:38 AM
Courtesy of FotoliaThe number of small and midsize businesses that changed hands in Orange County last month remained relatively unchanged, compared to the same time last year, according to new stats released by BizBen.com.
Ninety-four deals closed last month, compared to 92 in February 2009. The number is down slightly from January, when 96 were sold.
BizBen CEO and founder Peter Siegel notes that the small increase could have occurred because there were fewer days in February than January. But he's positive about what's ahead.
"Orange County was one of the counties with a nice gain in January (20 percent over the January before) and we expect to see the county continue to put up better numbers, comparing like months, than it did during the past couple of years," he says.
Anaheim led the region with 10 business sales over the month – and that number is up from three in February 2009, according to the Web site, which tracks the sale of California firms.
Santa Ana had nine sales, followed by Orange, Costa Mesa and Huntington Beach with seven completed transactions.
Statewide, 1,002 firms changed hands over the month, which is up from 959 in February 2009. It's a 4.5 percent increase, though the number is down from 1,074 in January.
"The fact that small business buyers and sellers are finding ways to complete their deals, despite the challenges, is a positive sign that confidence and determination are taking hold in the business community," finishes Siegel. "It’s an indicator that we’ll experience a turnaround in other segments of the economy.”
Related headlines
O.C. automakers see sales gain last month
Hundreds of jobseekers set to descend on OC Works!
Steve Forbes talks politics, economics at local event
|
||||
|
Courtesy of Fotolia Ninety-four deals closed last month, compared to 92 in February 2009. The number is down slightly from January, when 96 were sold. BizBen CEO and founder Peter Siegel notes that the small increase could have occurred because there were fewer days in February than January. But he's positive about what's ahead. "Orange County was one of the counties with a nice gain in January (20 percent over the January before) and we expect to see the county continue to put up better numbers, comparing like months, than it did during the past couple of years," he says. Anaheim led the region with 10 business sales over the month – and that number is up from three in February 2009, according to the Web site, which tracks the sale of California firms. Santa Ana had nine sales, followed by Orange, Costa Mesa and Huntington Beach with seven completed transactions. Statewide, 1,002 firms changed hands over the month, which is up from 959 in February 2009. It's a 4.5 percent increase, though the number is down from 1,074 in January. "The fact that small business buyers and sellers are finding ways to complete their deals, despite the challenges, is a positive sign that confidence and determination are taking hold in the business community," finishes Siegel. "It’s an indicator that we’ll experience a turnaround in other segments of the economy.” Related headlines O.C. automakers see sales gain last month Hundreds of jobseekers set to descend on OC Works! Steve Forbes talks politics, economics at local event |
||||
