If you are thinking about relocation or maybe just an expansion from your current business into a new market, the Pacific Northwest is definitely one to consider. 99% of business in Washington alone are small, making it into one of the highest percentages in the U.S., the same small business orientation is seen in Oregon. The continuous growth in this area demonstrates the strength of the economy, which is projected to keep its growth for the rest of 2019 as well as 2020. All the Pacific Northwest states are great for work-life balance, providing access to outdoor activities at the same time giving great business opportunities. The migration patterns are showing that younger workers are choosing this region, which is a direct benefit to small businesses seeking and finding the right employees with the right skills and experience for their businesses. Andrew and Jessica bring four of their franchisees to this episode to talk about the amazing opportunities in the area for entrepreneurs and small business owners.
[9:25] Bob Kelliher (Central Washington).
[10:06] Central Washington is a diverse territory.
[11:03] Second-home buyers.
[12:02] Deal of the week: Bob Kelliher. Small Cafe located in a tourist destination in the Seattle area. Owners wanted to retire. Great books and records. Buyers looking to relocate for a better quality of life.
[14:33] Michael Morrissey (East Portland).
[14:50] Portland is booming.
[15:34] All different shapes and sizes of industries developing in Portland.
[16:42] Revenues and earnings are great for businesses.
[17:50] Listing of the week: Kevin Moen (Renton). Real estate brokerage, owns 30 lots in a Resort and has a leasing office there. Multiple revenue streams, commissions, and sale of lots. Price: $550,000. Discretionary earnings $150,000 per year.
[20:39] Kevin Moen (Renton).
[21:19] Lots of buyer activity in the Seattle area.
[22:05] Investment opportunities for small businesses.
[23:19] The situation with the Baby Boomers.
Mentioned in this episode:
Kevin Moen (Renton). Real estate brokerage, which owns 30 lots in a Resort and has a leasing office there. Multiple revenue streams, commissions, and sale of lots. The most ideal buyer would be someone already operating in real estate. Price: $550,000. Discretionary earnings $150,000 per year. Contact Kevin 206-456-4355 or visit Transworld Renton
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