Companies For Sale Sit on the Shelves

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Five months after he opened PNK Pro Beauty Supplies in Glendale, owner Karhen Abramyan has put the shop up for sale. He’s gotten a few lowball offers in the last few weeks, but no deal.

“I have $60,000 in inventory here, I can’t just sell it for $50,000,” said Abramyan, who is asking $95,000. Blame the bad economy. Buyers and sellers of California businesses are hampered because the vast pools of money that once fueled sales have dried up.

“This is probably the toughest time that I’ve seen in my 25 years of buying and selling businesses in Southern California,” said Peter Siegel, owner of BizBen.com, an online clearinghouse in San Ramon, Calif., that lists small and mid-size California businesses for sale and reports statewide sales data.





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