North Carolina Economic Forecast for Q4 2024:
- Real GDP Growth: Projected at 2.7%.
- Job Creation: Anticipated addition of 81,800 net jobs, totaling 5,046,600 jobs by December 2024.
- Unemployment Rate: Expected to stabilize around 4%.
- Sector Growth:some text
- Agriculture: 22.8%
- Retail Trade: 6.2%
- Construction: 6.0%
- Mining: 5.4%
- Inflation: Expected to moderate to near 2% by year-end.
- Interest Rates: Potential reductions in the second half of 2024 could boost sectors like real estate and manufacturing.
Overall, despite some economic challenges, North Carolina's outlook for Q4 2024 remains positive, driven by sectoral growth and job creation. (Raleigh-Wake Economic Development)
1. Home and Business Security & Automation Experts:
What an opportunity to take over this highly reputable, profitable, and growing Security & Automation business that has been successfully protecting homes and businesses in Central NC since 1990. With over 1,700 recurring monthly monitoring accounts covering both the residential and commercial markets, the business generates an annual recurring revenue (RMR) of $700,000, combined with $1.5 million+ in additional security and automation services. This offers a new owner an exceptional platform from which to continue growing this legacy business. Organic growth via word-of-mouth, referrals, and established relationships, supplemented with a strong sales and marketing plan, will enable a new owner to build on the incredibly consistent cash flow and lifetime value of the long-term monitoring accounts. Opportunity abounds for a technically oriented individual seeking an established business with great cash flow or a strategic buyer seeking entry into a new market or to gain market share in their existing geographic area.
Key Information:
- Location: Wake County, North Carolina
- Asking Price: $3,450,000
- Gross Revenue: $2,208,576
- Cash Flow: $515,432 (Seller's Discretionary Earnings)
- Inventory: $30,000 (included in asking price)
- FF&E: $75,000 (included in asking price)
- Year Established: 1990
- Number of Employees: 15
- Real Estate: Leased
- Building Sq. Ft.: 5,271
- Rent: $6,902.00 per month
Business Highlights:
- Established Reputation: Successfully protecting homes and businesses since 1990.
- Recurring Revenue: Over 1,700 monitoring accounts generating $700,000 in annual recurring revenue.
- Strong Additional Services: More than $1.5 million in additional security and automation services.
- Growth Potential: Opportunities for organic growth through referrals and established relationships.
- Market Opportunity: Suitable for a technically oriented individual or a strategic buyer looking to expand market presence.
Facilities:
This is a leased location of 5,271 square feet, with a total rent of $6,902. The lease ends in April 2024. The seller is active in the business with 14 full-time employees and 1 part-time employee. Hours of operation are 8 AM to 5 PM, Monday to Friday.
Support & Training:
The seller is offering 4 weeks of training and support after the sale.
This is an excellent opportunity for anyone looking to enter the growing security and automation market with a well-established business that boasts strong recurring revenues and growth potential.
2. Flooring Sales & Installation - SBA Pre-Approved:
This established flooring sales and installation company, located in eastern North Carolina, has a solid and profitable foundation since its establishment in 1997. The business specializes in both new construction residential homes and remodels, offering a range of installations from "cookie cutter" style homes to more customized projects. With a long-term reputation for delivering high-quality work and excellent customer service, this company is trusted by clients for significant flooring purchases. The business has great potential for expansion and growth in various areas.
Key Information:
- Location: North Carolina
- Asking Price: $2,370,000
- Gross Revenue: $2,539,839
- Cash Flow: $497,560 (Seller's Discretionary Earnings)
- Inventory: $13,000 (included in asking price)
- FF&E: $379,153 (included in asking price)
- Real Estate: $625,000 (included in asking price)
- Year Established: 1997
- Number of Employees: 11
- Building Sq. Ft.: 6,400
Business Highlights:
- SBA Pre-Approved: The business is pre-approved for SBA financing.
- Solid Foundation: Established business with a long-term reputation in the flooring industry.
- Diverse Projects: Engages in new construction and remodels, offering a range of installation styles.
- Growth Potential: Opportunities to explore and expand various aspects of the business.
- Trust and Quality: Known for high standards in quality work and customer service.
Facilities:
This is an owned location of 6,400 square feet. The seller is active in the business with 10 full-time employees and 1 part-time employee. Hours of operation are 9 AM to 5 PM, Monday to Friday. The business includes $13,000 in inventory and $379,153 in FF&E, as well as a fully functional website.
Support & Training:
The seller is offering 30 days of training and support after the sale.
This is an excellent opportunity for a new owner to take over a reputable flooring business with established operations, strong cash flow, and significant growth potential.
3. High Margin Automotive Repair Franchise:
This automotive repair franchise, located in Raleigh, NC, boasts simple, repeatable operations that generate robust cash flow, with an impressive 70%+ repeat customer rate. Situated in a prime retail-dense trade area, the franchise benefits from high visibility, accessibility, and strong demographics, ensuring a stable and financially healthy customer base. The business is strategically positioned to capitalize on its high traffic volume, with over 20,000 vehicles passing by the site daily, ensuring a constant stream of potential customers.
Key Information:
- Location: Raleigh, North Carolina (Wake County)
- Asking Price: $1,150,000
- Gross Revenue: $2,200,000
- Cash Flow: $460,000
- EBITDA: $460,000
- Franchise: Yes
- Year Established: 1998
- Number of Employees: 8
Business Highlights:
- Prime Location: Occupying 3,000-6,000 sq. ft. freestanding buildings with retail frontage on main roads, providing high visibility and accessibility.
- High Traffic Volume: Over 20,000 vehicles pass by the location daily, maximizing exposure.
- Strong Customer Base: The area boasts a household income and population above average, with a financially stable clientele.
- Brand Recognition: The franchise has one of the largest market shares in the automotive industry, with 7 out of 10 Americans recognizing the brand.
- Growth Opportunities: Potential to expand by partnering with skilled, well-capitalized owners in a highly fragmented automotive market segment.
Facilities:
Low and predictable capital expenditure (capex) with minimal maintenance requirements.
Support & Training:
The franchise provides a comprehensive training program focused on helping store managers improve operations and enabling franchisees to oversee multi-unit portfolios. Continuous marketing and operational support are provided to drive customer traffic and maintain efficient business practices.
Market Outlook & Competition:
The brand enjoys a dominant market position and is actively growing, offering significant opportunities to expand market share.
Support & Training:
Multi-faceted training approach offered, with ongoing support tailored to improving store-level operations and enabling franchisees to manage multiple units.
This is an excellent opportunity for a new owner to step into a recession-proof business with high margins, strong customer retention, and ample growth potential.
4. Christian Advertising Agency - Full Service:
This Christian full-service advertising agency, located in Raleigh, North Carolina, has been dedicated to helping mission-driven organizations connect with individuals who share similar values and interests for over 22 years. The agency specializes in consulting, brand strategy, and comprehensive marketing and advertising campaigns across various media, including digital, print, radio, and television. With a focus on faith-based themes and values, the company has extensive expertise in organizational health, development, and branding, allowing it to effectively build clients' visions into reality.
Key Information:
- Location: Raleigh, North Carolina
- Asking Price: $2,100,000
- Gross Revenue: $1,327,000
- Cash Flow: $408,000
- Facilities: N/A
Business Highlights:
- Established Reputation: Over 22 years of experience in the Christian advertising space, with a strong portfolio of successful projects.
- Comprehensive Services: Offers a full range of services, including consulting, brand strategy, digital and print marketing, and production services in social media, video, web development, and graphic design.
- Market Niche: Operates within a fast-growing segment of faith-based marketing, facing limited competition due to its extensive service offerings.
- Growth Opportunities: Potential for expansion by adding additional account managers and increasing Google Ad Spend to generate more leads.
Support & Training:
The seller is willing to provide transition support as needed, with terms for specific training negotiable to ensure a successful transfer of the business.
Reason for Selling:
The seller is pursuing a different business venture as guided by their faith and is looking for a buyer who can continue to grow the agency.
This is an exceptional opportunity for a buyer to take over a well-established Christian advertising agency with a solid foundation and significant growth potential.
5. Insurance Reconstruction Business and Mitigation Service:
This well-established insurance reconstruction business, located in Apex, North Carolina, has a solid pipeline of work and is part of several preferred contractor programs, issuing assignments from multiple insurance carriers. With a tier-one standing in all vendor programs, this business offers significant potential for a strategic partner or someone local, particularly those with a plumbing company. The current owner believes that if the buyer can grow the mitigation side of the business through strategic relationships, cash flow could exceed $1 million within the first 12 months.
Key Information:
- Location: Apex, North Carolina (Wake County)
- Asking Price: $1,390,000
- Gross Revenue: $1,600,000
- Cash Flow: $350,000
- EBITDA: $450,000
- Year Established: 2015
- Number of Employees: 3
- Real Estate: Leased (1,000 sq. ft., $600/month)
Business Highlights:
- Established Reputation: The business has a strong standing as a preferred contractor for multiple insurance carriers.
- Growth Potential: There is significant opportunity for growth, with the potential to reach $15-$20 million with the right buyer.
- Strategic Location: The facilities are situated in a desirable location, with shared office space close to the warehouse.
- Industry Resilience: The local market is consolidating, providing a timely opportunity to capture more revenue amidst industry changes.
Facilities and Equipment:
The business operates from leased facilities with approximately 600-800 usable square feet. Included in the assets are two F250 trucks, 40 air movers, 20 dehumidifiers, 6 air scrubbers, 1 hardwood drying mat, and 1 portable extraction unit.
Support & Training:
The current owner offers full training and a 90-day transition period to assist with the handover. They are also open to remaining with the company as an employee for a buyer with relevant experience and industry contacts.
This business represents a fantastic opportunity for anyone looking to enter the insurance restoration market or expand their existing operations.
6. Highly Profitable Flatbed Trucking & Brokerage:
This highly profitable flatbed trucking and brokerage business, established in 1998, operates across North Carolina, South Carolina, Virginia, Tennessee, Georgia, and Florida. With a strong customer base and impressive revenue figures, this company presents an excellent opportunity for a new owner to step into a thriving industry.
Key Information:
- Location: North Carolina
- Asking Price: $1,500,000
- Gross Revenue: $3,800,000
- Cash Flow: $330,000
- Year Established: 1998
- FF&E: $300,000 included in asking price
Business Highlights:
- Established Operations: Operating for over 25 years with a loyal customer base across multiple states.
- Potential for Growth: Opportunities for expansion with existing clients and potential new contracts.
- Brokerage Capabilities: Dual functionality as both a trucking service and brokerage enhances revenue opportunities.
Reason for Sale:
The current owner is ready to retire, presenting a seamless transition for a motivated buyer looking to take over a successful operation.
This business offers a strong foundation for continued success in the flatbed trucking and brokerage sector.
7. Established Profitable Sod Farm Distribution Business:
This well-established sod farm, with over 20 years of experience, operates primarily in Wake, Chatham, Durham, New Hanover, Brunswick counties, and all of Eastern North Carolina. With impressive growth projections for 2023, this business offers a solid foundation for continued success and expansion.
Key Information:
- Location: North Carolina
- Asking Price: $2,500,000
- Gross Revenue: $2,450,207
- Cash Flow: $318,287
- Year Established: 1997
- Number of Employees: 6
- FF&E: $189,691 included in asking price
- Real Estate: Leased, with a monthly rent of $1,908; lease expires on 10/1/2028
Business Highlights:
- SBA Pre-Approved: Financial backing available for qualified buyers.
- Robust Market: Strong demand with no signs of slowing growth, offering many untapped revenue streams.
- Dedicated Team: A fantastic group of employees committed to the company’s success.
Reason for Sale:
The owner is retiring, providing a unique opportunity for a new buyer to take the reins and further develop the business.
This profitable sod farm distribution business is poised for continued growth, making it an attractive investment for aspiring entrepreneurs or strategic buyers looking to expand their portfolio.
Conclusion
The economic forecast for North Carolina in Q4 2024 is promising, with a projected GDP growth of 2.7% and the addition of 81,800 jobs. This environment is beneficial for the diverse businesses for sale, including security services, flooring installation, trucking, advertising, insurance reconstruction, and sod farming. Each business demonstrates solid financial performance and significant growth potential, driven by market demand and strategic expansion opportunities.
With several owners seeking retirement, prospective buyers have attractive entry points into established operations that have built loyal customer bases. Many of these businesses offer strong cash flow and operational foundations, making them ripe for new leadership and innovation. The combination of a healthy economic outlook and profitable business opportunities makes North Carolina an appealing destination for entrepreneurs and strategic buyers.
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