Summit Business Brokers, Inc. recently announced that it hired Cool Life Systems, Inc., to improve its web presence and enhance is search engine optimization. Summit sent a press release to announce this event which can be viewed at http://www.prweb.com/releases/2013/5/prweb10765605.htm.

Summit recently sold an international auto parts distributor for $3.0 million.  This was a 30 year old company located in Los Angeles County.  The buyer was a wealthy private investor desiring to diversify his portfolio holdings.  Currently, Summit is representing for sale a world wide electronic parts distributor.

Privately Held Business Sales Will Increase

A recent article in the San Fernando Valley Business Journal said that sales of privately held, family businesses should increase as these Baby Boomer owners near retirement and find that they haven't been able to save enough while working. They'll have to sell to provide funds to live on. Also, many don't have heirs who are interested in taking over and key employees may not have enough cash to buy the business. Please click here for the full article: http://www.clslite.com/SUMMITBB/userfiles/files/SFVBJOct9.pdf

Please let me know what experiences you have had. Thanks.

John Schmid
Summit Business Brokers, Inc.
john@summitbizbrokers.com
www.summitbizbrokers.com
626-356-2465

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