Buy A Business In Raleigh?
Considering one of the businesses for sale in Raleigh? Businesses for sale in Raleigh are growing in consideration for the incredible number of people moving to The Triangle each year.
The ability to work, but without the hassle of someone telling you what to do is becoming more enticing to many. The thing is, finding a well-paying job that allows you to navigate its future becomes easier.
Wake County adds 63 new residents every day. It is ranked the 20th fastest growing county in the US and remains young with a median age of 36. Over the last seven years, Raleigh has grown by 18%.
What impact do these numbers have on the businesses forsake in Raleigh? The simple answer is economics, as people that move to Raleigh need jobs. There is close to 50,000 businesses in Wake County and this number grows on a weekly basis. People moving to Raleigh don’t just want jobs they are creating jobs and are buying businesses for sale in Raleigh.
Over the past decade, commercial development was valued at more than $7.55 billion. It’s next to impossible to find a “Best Places In America To Live” ranking over the past two decades that didn’t include Raleigh near the top of its list.
Business Ownership vs Employment
Plenty of employees have dreamed of walking into their boss’s office, tossing them their keys and saying hasta la vista (BYE). The idea of leaving traditional employment and pioneering a new entrepreneurial dream is forever on their mind. What about the risks, uncertainty, multiple details and the fear of failure?
The premise starts with the faulty assumption that the safest place on earth to be employed by a large company. The recession of 2008 proved this premise wrong as many were let go from their positions during the downturn.
While traditional employment has its risks, business ownership has its risks as well. When you are an employee there is always someone to blame or point a finger at. When you own a business the buck stops with you.
When Considering Buying A Business In Raleigh
If you are seriously considering buying one of the businesses for sale in Raleigh then there is much to consider. You have to consider cash flow, seller’s discretionary earnings, inventory, goodwill, equipment, tax records, balance sheets, profit & loss, current employees, business transition and the location of the businesses for sale in Raleigh.
While buying an established business involves more upfront cost, it also presents less risk than starting from nothing. It’s a common misconception that if a business owner decides to sell their business, that something must be wrong with. Perhaps the business is about to go under, or the financials are in bad shape, or the owner is running from something.
The reason the owner is selling their business is an important consideration but it usually isn’t as ominous as it may appear. Business owners sell their businesses to retire, health/family reasons, burnout or simply to pursue other dreams. Consider this, “Has the business produced a livable income for decades?”
When considering businesses for sale in Raleigh your accountant will be an important advisor to confirm the findings in the tax records, balance sheets, and the all-important profit & loss records. The business broker that you are working with will present you with this data after you submit your Non-Disclosure Agreement.
Research The Businesses For Sale In Raleigh
Once you’ve decided that business ownership is the right path for you, the next step includes research. There is no shortage of businesses for sale in Raleigh from nearly every industry. The selection of businesses for sale in Raleigh will include: Restaurants, Automotive, Beauty, Business Services, Childcare, Cleaning, Dry Cleaners, Construction, and the list goes on and on.
Researching your business broker. Transworld is the industry leader and has been in business for nearly 40 years. They have sold over 10,ooo businesses with 140+ offices worldwide. TransWorld Business Advisors of Raleigh combines worldwide experience with a genuine hometown feel.
- The sale is kept confidential
- Access to hundreds of buyers
- Business valuation
- Vetting potential buyers
- A worldwide network of buyers
Transworld Business Advisors of Raleigh is the world leader in the marketing and sales of businesses, franchises, and commercial real estate. Whether you represent an acquisition-minded corporation or are personally interested in owning your own company, Transworld offers the professional services that successfully bring buyers and sellers together. From business brokerage to mergers and acquisitions; we are the business sale specialists. Since our inception, we have excelled in getting deals done!