With Profits Down, Firms Just Aren't Changing Hands
Scroll the more than 7,000 small businesses for sale on a statewide website and Frenchy’s Bistro & Wine Bar pops up alongside the flower shops, manufacturers and other companies that are listed like so many used cars.
Like everything else in this down market, they’re going cheap. Frenchy’s owner and chef Andre Angles, who opened his Long Beach restaurant 14 years ago, is asking $250,000 — less than he’d prefer — and may end up financing part of the sale just to get a deal done.
