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The Deal Board Podcast
The Mid-Atlantic Region

Episode 37

The Mid-Atlantic Region

"Business Opportunities in Washington DC, Virginia, and Maryland"

Description:

Andrew and Jessica are diving deep into the opportunities arising in the Mid-Atlantic region. They bring the experts from Transworld Business Advisors offices in Washington DC, Virginia, and Maryland to get the pulse of the market and see what businesses are selling for in this region. There are more than 20 million people in this area, 2 trillion dollars in GDP, 2 and-a-half million small businesses, which have shown a 2.5% growth rate in 2017. This episode is one of the regional shows that grant the opportunity to get educated about what is going on in different areas of the U.S. because you never know when you will find acquisition opportunities that might be outside of your home market.

Key takeaways:

[3:25] Dan Dubell, Bel Air.

[3:50] How is the economy going in Bel Air?

[4:20] Lots of selling in Bel Air.

[4:55] Going back quickly with buyers.

[5:35] Deal of the week: Rupesh Bharad. 30 years Gardening Centre with Nursery on 175 acres. Business and land separately valued at 1.8 million dollars. (Originally the business was valued at $750,000.) Sold for 1.7 million dollars.

[8:30] Rupesh Bharad, Virginia.

[8:52] The Richmond, Virginia, market.

[9:48] Advantages of investment in Richmond

[10:30] Rupesh Bharad shares his keys to success.

[11:50] Listing of the week: Rupesh Bharad (Richmond). Family own trucking company in business for the last 35 years. Listed for: 8 million dollars. Gross sales of 5 million dollars. SDE close to 2 million dollars.

[14:49] Anthony Romanello, executive director of Henrico Economic Development Authority.

[15:55] World class business at Henrico County.

[17:20] Business expansion in Henrico County.

[18:10] Facebook investment of 2 million dollars in a data center located in Henrico.

[18:35] The technology park at Henrico county.

[19:44] Drop of 90% off in taxes for data centers.

[20:34] Highest speed internet.

[22:45] Redevelopment.

[24:31] Henrico provides business-friendly policies and low taxes.

[25:34] Live, work, have fun, shop and eat in one place.

[27:30] Henrico as an employment service.

[28:26] Supporting the existing businesses.

Show Notes:

Mentioned in this episode:

Tweetables:

Rupesh Bharad (Richmond). Family own trucking company in business for the last 35 years. Owners are ready to retire. Listed for: 8 million dollars. Gross sales of 5 million dollars. SDE close to 2 million dollars. 3 to 4 million dollars in assets. Contact Rupesh Bharad via email at rupesh@tworld.com or call 804-399-0870.

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