Virginia Economic Profile
- Governor: Glenn Youngkin, Republican
- Population: 8,683,619
- GDP growth (Q1 2023): 1.0%
- Unemployment rate (May 2023): 2.90%
- Top corporate tax rate: 6.00%
- Top individual income tax rate: 5.75%
- Gasoline tax: 52.80 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. Custom Cabinet Manufacturing Design/Build Company In Prince William County For Sale:
This is an outstanding opportunity to acquire a custom woodworking company based in Northern Virginia specializing in the design, fabrication, and installation of cabinets and vanities. Established in 2006, the business caters to both residential and commercial customers from its impressive ~13,000 square foot facility equipped with state-of-the-art technology and equipment. Situated within an industrial complex, the facility integrates office space, a selection room, and a comprehensive manufacturing facility under a single roof.
- Location: Prince William County, Virginia, US
- Asking Price: $1,400,000 (Furniture/Fixtures included)
- Sales Revenue: $2,209,031
- Cash Flow: $441,375
Business Highlights:
- Establishment: Founded in 2006.
- Specialization: Design, fabrication, and installation of cabinets and vanities.
- Facility: ~13,000 square foot facility with modern technology and equipment.
- Market Focus: Serves both residential and commercial customers.
- Product Range: Offers custom-built concepts for kitchens, mudrooms, home offices, libraries, family rooms, fireplaces, and entertainment centers. Also provides semi-custom built-in cabinets for home builders and re-modelers.
- Design Team: In-house design team for personalized and space-maximizing solutions.
- Management Team: Experienced leadership supported by qualified and skilled craftsmen.
- Supply Chain: Established relationships with key vendors and wholesalers.
- Real Estate Option: The owner, who is also the landlord, offers favorable lease terms. Real Estate is available for sale at $3.3 million.
Business Potential:
Expansion Potential: Significant growth opportunities exist. Implementing marketing campaigns and building relationships with home builders, contractors, and re-modelers can drive expansion.
Reason for Selling:
The owner is retiring.
Support & Training:
Seller will provide necessary training and transitional support to the next owner.
Owner Financing: Owner financing is available based on the final purchase price, deal terms, and qualifications of the buyer.
Financial Information:
Furniture/Fixtures Value: $1,037,106 (included in the asking price)
Inventory/Stock Value: $30,000
This custom cabinet manufacturing business, with its established presence and skilled team, presents a valuable opportunity for potential buyers looking to enter or expand in this market. For further details and information, interested parties are encouraged to contact the seller.
2. Fiberglass Fabricator & Installer With Strong Reputation!
Located in Southern West Virginia, this business presents an exciting opportunity for prospective buyers interested in a well-established manufacturer and special trade contractor specializing in fiberglass design, fabrication, installation, inspection, and repair. With a robust reputation, the company serves diverse industries such as oil & gas and medical, offering a range of products including structural platforms, flat plates, handrail systems, ladders, fiberglass piping, vent lines, and tank inspection and repair services.
- Location: Southern West Virginia, US
- Asking Price: $700,000 (Furniture/Fixtures and Inventory/Stock included)
- Sales Revenue: $600,000
- Cash Flow: $250,000
Business Highlights:
- Diverse Product Lines: Specializing in structural fiberglass platforms, flat plates, handrail systems, ladders, and fiberglass piping, vent lines, and tank inspection and repair services.
- One-Stop Shop: Stocks a wide variety of structural shapes and grating, serving as a comprehensive solution provider for clientele.
- Clientele Base: Services oil & gas, medical, and other industries with a large, repeating client base.
- Digital Presence: Active website and ongoing referrals through strategic relations, with potential for increased outreach through social media promotions.
- Revenue Projection: Despite a dip in 2022 due to supply-chain issues, projected revenues for 2023 are $600,000 with a strong profit margin showcasing Discretionary Earnings over $250,000.
- Certifications: A renowned business with multiple certifications, reflecting its commitment to quality and industry standards.
Business Potential:
Growth Opportunities: With additional team members or a strategic acquisition, the company is poised for further growth and expansion.
Market Outreach: Leveraging social media promotions to maximize verbal outreach and attract new clients.
Reason for Selling: Health reasons.
Support & Training:
The owner is committed to providing necessary support and training to ensure a smooth transition for the new owner.
Owner Financing: Owner financing is available. Contact the seller for more details.
This fiberglass fabrication business, with its strong reputation, diverse product offerings, and growth potential, is an enticing prospect for those looking to enter or expand in the industry. For more detailed information, interested parties are encouraged to contact the seller.
3. Popular Italian Restaurant In Virginia For Sale:
This well-established and family-owned Italian restaurant, located in Virginia, presents an enticing opportunity for those seeking a profitable and cherished culinary business. The owner, looking to retire, has meticulously maintained the restaurant, showcasing pride of ownership. With a strong financial performance and a prime location in Fairfax County, this restaurant is a gem for prospective buyers.
- Location: Virginia, US
- Asking Price: $700,000
- Sales Revenue: $2,000,000
- Cash Flow: $250,000
Business Highlights:
- Long-Standing Legacy: A family-owned Italian restaurant with a rich history, contributing to its strong reputation in the community.
- Profitability: A very profitable business with a well-cared-for establishment, reflecting operational excellence and financial success.
- Equipment and Facility: All equipment is in excellent working order, and the restaurant boasts a beautiful interior. The landlord is cooperative and offers excellent visibility with a high traffic count.
- Owner's Retirement: The sale is prompted by the owner's decision to retire, providing an opportunity for new ownership to build on the restaurant's legacy.
Business Operation:
Reason for Selling: Retirement
Employees: 22 Full-Time
Support & Training:
The seller is committed to providing training to ensure a smooth transition for the new owner.
Financial Overview:
Furniture/Fixtures Value: $250,000
Inventory/Stock Value: $50,000
This Italian restaurant, with its enduring legacy and financial success, represents a valuable opportunity for those passionate about the culinary industry. Prospective buyers are encouraged to explore the detailed business information and connect with the seller through the provided channels.
4.Primary Care Medical Practice In Martinsburg, West Virginia For Sale:
This is an outstanding opportunity to acquire an established primary care practice in Martinsburg, West Virginia. The business, opened in 2013, has proven to be a profitable and turnkey venture offering primary, geriatric, and aesthetic care services. With a solid foundation of 2,000 charts on file and 7,400 patient visits in 2022, this practice is positioned as an excellent addition for an existing healthcare provider or a new practitioner looking to avoid the challenges of starting from scratch.
- Location: Martinsburg, West Virginia, US
- Asking Price: $200,000 (Furniture / Fixtures included)
- Sales Revenue: $630,469
- Cash Flow: $200,000
Business Highlights:
- Established Presence: Operating since 2013, the practice has become a reliable healthcare provider in the community.
- Core Services: Specializing in primary, geriatric, and aesthetic care, catering to a diverse range of patient needs.
- Patient Base: With 2,000 charts on file and 7,400 patient visits in 2022, the practice has a robust and growing patient base.
- Modern Facilities: The office underwent a complete remodel in 2019, featuring modern furniture, fixtures, and equipment. The total space measures 2,418 sq ft with dedicated rooms for exams, lab work, aesthetics, and administrative tasks.
- Strategic Location: Situated in a livable community with expanding residential and business populations. Daily MARC commuter train services and easy access to the DC metro area contribute to the practice's growth potential.
- Real Estate Option: The future owner may choose to lease or purchase the building, providing flexibility and control over the practice location.
Business Operation:
Expansion Potential: Ideal for integration into an existing practice or for a new provider seeking a seamless entry into the healthcare industry.
Competition / Market: Faces standard competition within the industry and market.
Reason for Selling: The owner wishes to pursue other business interests.
Financial Overview:
Furniture/Fixtures Value: $50,000 (included in the asking price)
This Primary Care Medical Practice in Martinsburg, West Virginia, stands as a lucrative opportunity for healthcare professionals seeking an established and turnkey venture. With a solid foundation, modern facilities, and a strategic location, this practice presents a seamless entry into the healthcare industry. The option to lease or purchase the building adds flexibility, making it an attractive prospect for both existing practices and new providers. For further details and to explore this medical practice opportunity, interested parties are encouraged to contact the seller.
5. Well-Known Northern Virginia Bicycle Shop With Three Locations In Fairfax County For Sale:
An exceptional opportunity awaits those interested in acquiring a well-known Northern Virginia Bicycle shop with three strategically located branches, boasting over four decades of successful operation. The business, deeply ingrained in the community, focuses on bicycle sales, accompanied by a robust service and repair segment. With locations in western Fairfax County and Prince William County, this turnkey venture offers a large inventory featuring major brands such as Giant, Specialized, Pivot, Yeti, and more.
- Location: Fairfax County, Virginia, US
- Asking Price: $210,000
- Sales Revenue: $2,079,939
- Cash Flow: $155,176
Business Highlights:
- Established Reputation: Recognized as one of Northern Virginia's most trusted sources for cycling needs, with over 40 years of loyal customer base.
- Diverse Inventory: Large stock of major brands, offering a wide selection to cater to diverse customer preferences.
- Strategic Locations: One location in western Fairfax County and two in Prince William County, maximizing reach and accessibility.
- Fully Staffed: Knowledgeable sales and service technicians ensure excellent customer service.
- Turnkey Operation: A ready-made opportunity for entrepreneurs to step into an established business with a loyal customer base.
Business Potential:
Room for Growth: The business has potential for further expansion and growth.
Reason for Selling: Owner is retiring.
Support & Training:
Seller will provide necessary transitional support to the next owner.
Owner Financing:
Owner financing is available. Contact the seller for more information.
This Northern Virginia Bicycle Shop, with its rich history, diverse inventory, and growth potential, offers a unique chance for enthusiasts or entrepreneurs seeking a foothold in the cycling industry. For a deeper exploration of this well-established business, interested parties are encouraged to contact the seller.
6. Established And Fully Equipped Auto Repair Shop For Sale:
This is a remarkable opportunity to acquire a well-established and fully equipped auto repair shop in Fairfax County, Virginia. Family-owned and operated since 1992, this full-service facility boasts state-of-the-art tools and equipment, providing professional and honest services. Specializing in fleet repair and maintenance, the shop has built a strong foundation of trust within the community and is strategically located in prime Northern Virginia.
- Location: Fairfax County, Virginia, US
- Asking Price: $350,000 (Furniture/Fixtures included)
- Sales Revenue: $719,409
- Cash Flow: $154,700
Business Highlights:
- Established Legacy: Serving the community for over three decades, the shop enjoys a solid reputation and existing customer base.
- State-of-the-Art Facility: Equipped with the latest tools and technology to diagnose and repair vehicles accurately.
- Fleet Repair Specialization: Focus on fleet repair and maintenance, catering to local businesses and organizations.
- OEM Recommended Services: Offers all OEM recommended services and preventative maintenance programs for fleets.
- Unique Growth Opportunities: The fleet repair segment presents unique growth opportunities for expansion and market penetration.
Business Potential:
Expansion and Marketing: Room for a new owner to grow the business with marketing and advertising initiatives.
Fleet Repair Growth: Potential to expand the fleet repair side of the business by reaching out to nearby businesses.
Reason for Selling: Owners are retiring.
Support & Training:
Sellers will provide necessary training and support to ensure a smooth transition for the new owner.
Owner Financing:
Owner financing is available. Contact the seller for more information.
This auto repair shop, with its established legacy, strategic focus, and growth potential, is a compelling prospect for individuals seeking a turnkey operation in the automotive industry. For detailed information and to explore this opportunity further, interested parties are encouraged to contact the seller.
7. Profitable, Established Massage Franchise In Great Location! For Sale:
This is a lucrative opportunity to acquire a well-established massage franchise located in ALEXANDRIA, Virginia. Established in 2014 and strategically positioned in an excellent location, this franchise is poised for continued success. With a dedicated staff, stellar reputation, and a growing membership base, the business operates on a subscription model, ensuring guaranteed recurring revenue from an existing customer base.
- Location: ALEXANDRIA, Virginia, US
- Asking Price: $380,000
- Sales Revenue: $1,000,000
- Cash Flow: $140,000
Business Highlights:
- Established Presence: In operation since 2014, the franchise has solidified its position in the market.
- Strategic Location: Proximity to Metro DC, Fairfax County, and Arlington City County enhances visibility and accessibility.
- Subscription Model: Operates on a subscription-based model, providing guaranteed recurring revenue.
- Dedicated Staff: An established team contributes to the business's success and customer satisfaction.
- Health and Wellness Focus: Positioned in the growing health and wellness industry, aligning with the industry trend.
Business Potential:
Membership Growth: With a focus on health and wellness, there's potential for continued growth in membership.
Market Expansion: Opportunity to explore additional marketing strategies and expand the customer base.
Reason for Selling: Owner's decision.
Years Established: 2014
Relocatable: This business can be relocated.
This massage franchise, with its established presence, subscription model, and focus on health and wellness, represents an attractive investment opportunity. For further details and to explore the potential of this business, interested parties are encouraged to contact the seller.
Conclusion
The Virginia business market for 2024 offers a diverse array of lucrative opportunities for potential buyers. Ranging from a well-established custom woodworking company specializing in cabinets to a reputable fiberglass fabricator serving diverse industries, these businesses showcase strong financial performances, established legacies, and growth potential. Whether it's a popular family-owned Italian restaurant with a rich history, a primary care medical practice with a solid patient base, or a renowned bicycle shop deeply ingrained in the community, each business caters to different markets, providing unique investment prospects. Additionally, a long-standing auto repair shop specializing in fleet maintenance and a successful massage franchise operating on a subscription model contribute to the variety of choices available. Prospective buyers are encouraged to explore these opportunities further by contacting the sellers directly for more detailed information and potential acquisitions.
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