Rate of sales of area businesses nearly doubled in January
The rate of people in San Bernardino County buying businesses last month was nearly double that of January 2009, according to new figures from bizben.com. A total of 38 businesses changed hands in January, compared with 20 sales recorded the same month last year. Largest contributors to that total were Ontario and Upland with six sales each. Four sales were recorded in Rancho Cucamonga and in San Bernardino. "It isn't surprising to see a big jump in activity after a slow period when the demand is building but not yet expressed in the market," said Peter Siegel, founder and CEO of bizben.com, in a news release. "People were hesitant to make a decision because they were waiting to see where the economy was headed. The state also showed a strong increase in small and mid-sized business sales in January. California recorded 24 percent more transactions last month compared with the first month of last year, according to the release.
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