North Carolina Economic Profile
- Governor: Roy Cooper, Democrat
- Population: 10,698,973
- GDP growth (Q1 2023): 1%
- Unemployment rate (May 2023): 3.40%
- Top corporate tax rate: 2.50%
- Top individual income tax rate: 4.75%
- Gasoline tax: 57.15 cents/gallon
- Bond rating (Moody’s/S&P): Aaa, Stable/AAA, Stable
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody’s Investor Service, S&P Global Market Intelligence
1. Commercial Custom Medical Casework Manufacturing Installation Backlog In Raleigh For Sale:
An exceptional opportunity awaits in Raleigh, North Carolina, as this high-quality design/build/installation casework manufacturing business hits the market. Primarily catering to commercial clients, the business also specializes in designing, manufacturing, and installing ancillary products with high margins. Boasting a remarkable 30-year history, the company holds a current backlog of approximately $10,000,000, signaling a strong demand for its services.
- Location: Raleigh, North Carolina, US
- Asking Price: Over $5M (Furniture/Fixtures included)
- Sales Revenue: $9,396,964
- Cash Flow: $1,418,130
Business Highlights:
- Casework Manufacturing Focus: High-quality design/build/installation casework manufacturing business with a strong emphasis on commercial clients.
- Ancillary Products: Specialization in designing, manufacturing, and installing ancillary products with high-profit margins.
- Backlog: Current backlog of approximately $10,000,000, showcasing a robust demand for the company's services.
- Decades of Operation: Continuous operation for approximately 30 years, reflecting stability and expertise.
Property Information:
Real Estate: Lease
Lease Terms: Property is owned by the business owner and is not being offered for sale.
Facilities Type: Stand Alone
Monthly Rent: $25,995
Building Square Feet: 21,500
Premises Details: The facility includes a 21,500 sq ft space with 5,000 sq ft dedicated to office and a high-end product showroom, seamlessly flowing into a 16,500 sq ft manufacturing/fabrication shop. The phone system is leased, and the monthly expense will be assumed by the buyer.
Business Operation:
Expansion Potential: Regional expansion opportunities, establishing a residential division, and investing in faster or more automated manufacturing equipment.
Competition / Market: Limited competition with the ability to compete on both large and medium projects. The company competes with national giants while remaining flexible enough to rival smaller businesses.
Trading Hours: Monday to Friday, 6 AM to 5 PM
Employees: 35
Years Established: 30
Support & Training:
The seller will provide 80 hours of transition support at no additional cost.
Additional transition support is available at market rates if requested.
Seller Financing:
Seller financing is available. Contact the seller for more details.
A portion of seller financing may be available based upon the overall transaction structure.
This commercial custom medical casework manufacturing business, with its impressive history, robust backlog, and diverse capabilities, offers a lucrative prospect for those seeking to enter or expand in this industry. For detailed information and to explore this exceptional opportunity further, interested parties are encouraged to contact the seller.
2. Commercial Electrical Contracting Firm In Wilmington For Sale:
This well-established commercial electrical services firm, based in Wilmington, North Carolina, presents a rare opportunity for those looking to acquire a reputable business with a history spanning over three decades. Renowned for its commitment to excellence, the company has built a stellar reputation for providing high-quality electrical solutions to commercial clients.
- Location: Wilmington, North Carolina, US
- Asking Price: $5,750,000 (Furniture/Fixtures included)
- Sales Revenue: $5,012,310
- Cash Flow: $1,349,275
Business Highlights:
- Reputable History: Over three decades of proud history, established itself as a reliable and reputable commercial electrical services provider.
- Skilled and Licensed Team: A team of highly skilled and licensed electricians committed to delivering exceptional workmanship.
- Diverse Services: Specializes in a range of commercial electrical services, including repairs, installations, and maintenance.
- Customer-Centric Approach: Dedication to delivering personalized and cost-effective solutions tailored to meet the unique needs of clients.
- Strong Financials: Maintains gross profit margins 9% higher than the industry average, SDE profit margin 15% higher than the industry average, and EBITDA margins 22% higher than the industry average.
- Work-in-Process and Backlog: Currently, the business has $4,589,595 in work-in-process, $2,993,450 in contractual backlog, and an additional $1,500,000 in outstanding quotes.
- Projected 2023 Revenue: On target to reach $7,000,000 in gross revenue for 2023.
Property Information:
Real Estate: Real Property Included
Location: Commercial business park with easy access to major thoroughfares.
Size: 3,000 sq ft
Business Operation:
Expansion Potential: The company maintains a steady flow of projects and has a backlog equivalent to approximately 4 months of work.
Reasons for Selling: True retirement.
Trading Hours: Monday to Friday, 8:30 AM to 5 PM
Employees: 22
Years Established: 31
Support & Training:
Seller will provide a total of 240 hours of transition support included in the purchase price.
Seller Financing:
Seller financing is available. Contact the seller for more details.
Seller will consider up to 10% seller financing dependent upon overall terms and conditions.
This commercial electrical contracting firm, with its long-standing history, strong financials, and commitment to excellence, represents an attractive opportunity for prospective buyers. For detailed information and to explore this opportunity further, interested parties are encouraged to contact the seller.
3. Multi-location Independent Retailer Of Fitness Equipment And Service In North Carolina For Sale:
This thriving multi-location independent retailer, based in North Carolina, offers a comprehensive range of commercial and high-end residential fitness equipment. As a full-service retailer, the business provides a suite of services, including gym design, delivery, installation, service, preventative maintenance, and relocation services. In addition to fitness equipment, the company retails products for cue sports and similar gaming table activities.
- Location: North Carolina, US
- Asking Price: $3,500,000
- Sales Revenue: $7,785,621
- Cash Flow: $861,279
Business Highlights:
- Comprehensive Services: Full-service retailer and service provider, offering everything from gym design to delivery, installation, service, preventative maintenance, and relocation services.
- Product Range: Wide range of traditional and connected fitness equipment, as well as flooring. Exclusive sales rights for many products in their geographic markets.
- Financing Options: Offers consumer financing and commercial leasing through third-party lenders.
- Experienced Staff: Industry veterans on staff, with over 1/3 of employees having 10+ years of industry-specific experience in sales, service, and operations.
- Exclusive Sales Rights: Holds exclusive sales rights for many products in their geographic markets.
- E-commerce Expansion: Owners are building an e-commerce website to facilitate online sales in additional markets.
Property Information:
Real Estate: Lease
Leasehold Rent: $313,740 per annum
Premises Size: 15,412 sq ft
Business Operation:
Expansion Potential: Potential to open additional brick-and-mortar retail locations in adjacent markets. New product lines could be added. Establishing a more formal sales team.
Competition / Market: Successfully differentiated by providing cradle-to-grave sales, service, and support of respected brands, competitive prices, and convenient locations.
Reasons for Selling: Retirement of one of the partners.
Trading Hours: Monday – Friday: 10 am – 6 pm; Saturday: 10 am – 5 pm
Employees: 19
Years Established: 32
Support & Training:
Additional transition support can be negotiated.
Seller Financing:
Seller financing is available. Contact the seller for more information.
Seller will consider up to 10% seller financing dependent upon overall deal terms and buyer qualifications.
This multi-location fitness equipment retailer, with its decades-long reputation, comprehensive services, and strategic differentiation, represents a compelling opportunity for prospective buyers. For detailed information and to explore this opportunity further, interested parties are encouraged to contact the seller.
4. Established NC Based Marketing Agency In Cary For Sale:
This Certified B-Corp marketing and creative agency, located in Cary, North Carolina, presents a lucrative opportunity for prospective buyers. Specializing in brand, marketing, and creative services, the agency has built a strong reputation, boasts above-average employee retention, and acquires clients primarily through referrals. With a focused business model and growth plan, this prosperous business offers potential for expansion.
- Location: Cary, North Carolina, US
- Asking Price: $1M - $5M
- Sales Revenue: $2,130,450
- Cash Flow: $717,726
Business Highlights:
- Certified B-Corp: A Certified B-Corp offering brand, marketing, and creative services.
- Employee Retention: Boasts above-industry-average employee retention, indicating a positive work environment.
- Client Acquisition: Regularly acquires clients through referrals, reflecting the agency's strong reputation.
- Decades-Old Firm: Established by the current owner as a boutique design firm, the agency has evolved and expanded its services over the decades.
- Focused Business Model: A refined business model with a focus on purpose-driven organizations.
Property Information:
Real Estate: Real Property Included
Location: Located on a main city thoroughfare.
Premises Size: 4,000 sq ft
Business Operation:
Expansion Potential: The firm has experienced consistent organic growth, primarily fueled by referrals. There are opportunities for further growth.
Competition / Market: The agency has established a solid reputation as a strategic partner to its clients, providing brand and marketing strategies and tactics. It excels in understanding the impact of growth on corporate culture.
Reasons for Selling: Seller would like to semi-retire.
Trading Hours: Monday to Friday, 8:30 AM - 5:30 PM
Employees: 14
Years Established: Decades
Support & Training:
The seller wishes to ensure the agency's sustainability by allowing the next generation to lead. The seller will be available to support the transition and growth consistent with the buyer's goals.
Seller Financing:
Seller financing is available. Contact the seller for more information.
The seller will consider a component of financing dependent upon overall terms.
This marketing agency, with its established reputation, focused business model, and growth potential, is an attractive opportunity for those looking to enter or expand in the industry. For more detailed information, interested parties are encouraged to contact the seller.
5. Profitable Waste Removal Business In North Carolina For Sale:
This waste pick-up and recycling business in North Carolina presents a compelling opportunity for potential buyers. With a long-established presence in a rapidly growing area of the North Carolina mountains, the business enjoys a solid customer base and limited competition. The sale includes all equipment, vehicles, and a diverse range of roll-off containers. The owner is selling the business due to retirement.
- Location: North Carolina, US
- Asking Price: $1,499,000
- Sales Revenue: $1,200,000
- Cash Flow: $400,000
Business Highlights:
- Established Presence: Long-established residential (50%) and commercial (50%) waste pick-up and recycling business.
- Geographic Advantage: Located in a rapidly growing area of the North Carolina mountains.
- Limited Competition: Enjoys very limited competition in the region.
- Customer Base: Currently serves approximately 3,000 residential customers.
- Billing Options: Offers email billing, credit/debit card, and auto-draft payments for customer convenience.
- Recycling Capability: Equipped for large-scale recycling, contributing to environmental sustainability.
- Roll-off Containers: Maintains a wide range of roll-off containers, allowing service in a multi-county area.
- Equipment Included: All equipment and vehicles are included in the sale.
Business Operation:
Reasons for Selling: Retirement
Employees: 5 Full-time, 1 Part-time
Years Established: 15
Support & Training:
The seller is willing to provide training.
Furniture / Fixtures Value:
$1,010,000
Home-Based:
This business can be run from home.
This waste removal business, with its established customer base, strategic location, and environmental focus, is an attractive prospect for those looking to enter or expand in the industry. For more detailed information, interested parties are encouraged to contact the seller.
6. Food Truck In Bronx County For Sale:
This well-established food truck in the heart of Bronx County, NY, offers a fantastic opportunity for buyers seeking a profitable business with low overhead expenses. Operating from 5:30 am to 4 pm, Monday through Friday, the food truck caters to a densely populated area with various commercial sites, including a hospital and a school. The menu features breakfast and lunch items, attracting a steady stream of customers.
- Location: Bronx County, NY
- Asking Price: $300,000 (Inventory/Stock included)
- Sales Revenue: $752,000
- Cash Flow: $288,000
Business Highlights:
- Prime Location: Situated in the heart of Bronx County, NY, in a densely populated area with commercial sites, including a hospital and a school.
- Operating Hours: Open Monday through Friday from 5:30 am to 4 pm.
- Proven Profitability: Grossing $2,700 a day with a history of 20 years in operation.
- Retirement Sale: The current owner, after two decades, is ready to retire.
Seller Financing: Seller is willing to finance the purchase of the business.
License Fee: Buyer only needs to pay $2,400 for a license every two years.
Impressive Net Cash Flow: After paying all expenses, the seller's net cash flow is an impressive $24,000 a month.
Business Operation:
Reasons for Selling: Retirement
Employees: 4 Full-time, 1 Part-time
Years Established: 40
Support & Training:
The seller is willing to provide training.
Seller Financing:
Seller financing is available. Contact the seller for more information.
Financing available: $200,000 Down & a note of $100,000 at 7% for 36 months
Furniture / Fixtures Value: $40,000
Inventory / Stock Value: $5,000 (included in the asking price)
This food truck, with its proven track record, strategic location, and growth potential, offers an enticing opportunity for entrepreneurs looking to enter or expand in the food service industry. For more detailed information, interested parties are encouraged to contact the seller.
7. Niche Premium Local Beef Wholesaler And Retailer In Iredell County For Sale:
For those seeking a profitable and niche business opportunity, this locally owned and operated meat business is an exceptional prospect. Operating for 14 years, the business specializes in providing all-natural, pasture-raised, and dry-aged premium local beef, free from added hormones. They also offer nitrate and nitrite-free local pork, garnering recognition such as the "Best Burger in America" by Trip Advisor. Now, the business is up for sale, including label claims, website, logos, trademarks, customer lists, and all meat-related assets.
- Location: Iredell County, North Carolina
- Asking Price: $743,000 (Furniture/Fixtures and Inventory/Stock included)
- Sales Revenue: $1,548,869
- Cash Flow: $235,658
Business Highlights:
- Premium Meat Products: Specializes in all-natural, pasture-raised, and dry-aged premium local beef. Offers nitrate and nitrite-free local pork.
- Awards and Recognition: Received numerous awards, including the "Best Burger in America" by Trip Advisor.
- Sale Inclusions: Includes label claims, website, logos, trademarks, customer lists, and meat business assets like refrigerators and freezers.
- Established Business Model: Niche business with very few competitors offering the same quality.
- Proven Track Record: Successfully operated for 14 years with consistent sales exceeding $1.3M annually.
- Ideal for Expansion: Retail and wholesale business model suitable for expansion to the public and restaurants.
Property Information:
Premises: Currently operating from a facility located on family-owned property. A new owner would need to relocate to a new retail facility.
Business Operation:
Expansion Potential: Many areas for growth and expansion for a new owner.
Competition/Market: Competes on the basis of higher quality and unique label claims.
Reasons for Selling: Seller wishes to focus on other business interests.
Trading Hours: Fridays & Saturdays 9 am – 3 pm or by appointment.
Employees: 2
Years Established: 2009
Support & Training:
Seller will train a new owner for 3-6 months as needed for advice and consulting. Salary/pay is negotiable.
Seller Financing:
Seller financing is available. Contact the seller for more information.
Financing available: Seller will consider some financing to the right, qualified buyer.
Furniture/Fixtures Value:
$35,200 (included in the asking price)
Relocatable:
This business can be relocated.
With its commitment to quality, sustainability, and unique market position, this award-winning meat business offers an excellent opportunity for a new owner to continue its success. For more detailed information, interested parties are encouraged to contact the seller.
Conclusion
In summary, the diverse array of businesses for sale in North Carolina in 2024 presents an attractive landscape for potential buyers. From a high-quality commercial casework manufacturing business in Raleigh with a substantial backlog and extensive capabilities to a well-established commercial electrical contracting firm in Wilmington with a stellar reputation spanning over three decades, these businesses showcase impressive financial performances, long-standing histories, and various niches. Additionally, a multi-location independent retailer of fitness equipment in North Carolina, a Certified B-Corp marketing and creative agency in Cary, a waste removal business in the mountains, a food truck in the Bronx County, and a premium local beef wholesaler and retailer in Iredell County offer unique opportunities for investors. Prospective buyers are encouraged to explore these businesses further by contacting the sellers directly for detailed information and potential acquisitions.
