Texas’s Economy to Grow Steadily in 2024
The Lone Star State's economy, which saw robust expansion in 2023, is projected to continue growing steadily in 2024. Texas benefits from its diversified economic base, particularly from sectors like energy, technology, and manufacturing. The rapid integration of renewable energy technologies, coupled with the strong performance of the oil and gas industry, will help offset challenges from rising interest rates, persistent inflation, and tighter consumer spending. Meanwhile, weaker global demand, especially from key export markets like Mexico and China, may pose headwinds to Texas' trade-dependent industries.
Texas' population is expected to see further growth in 2024, building on its long history of attracting new residents from across the U.S. and abroad. The state's relatively low cost of living, affordable housing, and robust job market will continue to make it an attractive destination for those seeking opportunities. Employment is forecasted to grow by 1.5% in 2024 and 2025, outperforming the national average. However, the unemployment rate is expected to remain close to the national level due to slowing growth in consumer spending on non-essential goods and services.
The Texas housing market, which experienced cooling in 2023, is anticipated to pick up momentum in 2024. The demand for housing is expected to grow as the state’s population increases, driving a rebound in residential construction, particularly for single-family homes. Multi-family housing starts are likely to moderate after several years of strong growth, but this will have limited impact on overall housing supply, given the state's continued emphasis on suburban development. Housing prices are forecast to rise modestly, reflecting a healthier balance between supply and demand as construction ramps up.
Texas' economy will continue to be supported by its business-friendly environment, diverse industries, and population growth, positioning the state for steady expansion over the next several years.
1. Fast Growing National Legal Lead Generator
Enter the competitive and high-demand legal services market with this exceptional opportunity to acquire a leading national legal lead generation company based in Dallas, Texas. This company specializes in providing high-quality, motor vehicle accident leads to personal injury firms across the country. With a proven track record and advanced technology systems, this business is primed for significant growth and expansion in the rapidly growing legal tech industry.
- Location: Dallas, Texas
- Asking Price: $30,000,000
- Sales Revenue: $6,000,000
- Profit: $5,000,000
- Year Started: 2018
- Employees: 3
Business Highlights:
- Establishment: Founded in 2018, this legal lead generation company has become a trusted partner for personal injury firms nationwide.
- Services: Specializes in generating qualified leads for personal injury law firms, particularly for motor vehicle accident cases.
- Clientele: Known for its extensive client base of personal injury law firms, delivering high-intent leads that drive case acquisition and growth.
- Technological Edge: Employs cutting-edge lead generation technology to ensure consistent lead quality and delivery, providing an edge over competitors.
- Recurring Revenue: Strong customer relationships and a robust business model have resulted in consistent recurring revenue and profitability.
Business Operation:
- Expansion Potential: With its lean operations and scalable model, this business offers significant opportunities to expand into additional legal areas or geographical markets.
- Unique Business Model: Focuses exclusively on lead generation for motor vehicle accidents, making it a specialized leader in this legal niche.
Reasons for Selling:
The owner is seeking to capitalize on the company’s growth and success, offering a rare opportunity for a new owner to further scale the business.
Support & Training:
The current owner is committed to offering comprehensive support and training to ensure a seamless transition for the new owner.
Relocatable:
This business is fully relocatable and can be operated from any location.
This listing presents a unique opportunity to acquire a thriving, highly profitable business with strong growth potential in the legal tech industry. Serious offers based on industry comps are encouraged for this prime opportunity.
2. Massive FedEx Linehaul Business for Sale - ABSENTEE
Seize this rare opportunity to acquire a well-established, absentee-owned FedEx linehaul operation with a 30-year track record. Based in Dallas, Texas, this business includes a substantial portfolio of dedicated and unassigned runs across multiple states. With a long history of success and a skilled management team in place, this company is poised for continued growth in the logistics and transportation sector.
- Location: Dallas, Texas
- Asking Price: $20,000,000
- Sales Revenue: $20,390,749
- Profit: $4,231,461
- Year Started: 1993
Business Highlights:
- Establishment: With over 30 years of experience, the business has a proven track record of success, handling linehaul operations with FedEx.
- Operations: Includes 23 dedicated (solo) runs, 18 dedicated (team) runs, 14 unassigned runs, and multiple spare runs, providing flexibility and reliability in operations.
- Clientele: FedEx partner for 30 years, operating out of 11 regional terminals across five states in the Midwest.
- Management: The business is absentee-owned, with nine full-time managers handling all day-to-day operations, ensuring efficient and seamless workflow.
- Growth Potential: Strong operational history and established routes provide significant growth opportunities for the new owner to expand within FedEx or beyond.
Business Operation:
- Expansion Potential: The business operates across a wide geographical area with scalable operations, allowing for further growth and potential new routes with FedEx or other logistics companies.
- Unique Business Model: Absentee-owned with full-time management in place, offering a turnkey solution for prospective buyers.
Reasons for Selling:
The current owner is looking to retire after successfully operating the business for over three decades.
Support & Training:
The current owner is prepared to provide support and training as needed to ensure a smooth transition for the new owner.
Relocatable:
This business is relocatable and operates across multiple states.
This listing offers an excellent chance to acquire a successful logistics business with a well-established partnership with FedEx and substantial growth potential. Serious inquiries and offers based on industry standards are encouraged.
3. Mechanical Services Company for Gas Compression Systems:
Enter the highly specialized gas compression industry with this exceptional opportunity to acquire a mechanical services company. Since 2017, this business has provided installations, repairs, and maintenance services for gas compression systems in Texas, New Mexico, and Oklahoma. Specializing in increasing the pressure of gases for efficient transportation and storage, the company services oil and gas production companies, operating equipment for long-term contracts ranging from 5 to 15 years.
- Location: Texas
- Asking Price: $14,000,000
- Sales Revenue: $8,146,000
- Profit: $2,541,000
- Year Started: 2017
Business Highlights:
- Establishment: The company has established itself as a leader in gas compression systems maintenance, with operations primarily in Texas, New Mexico, and Oklahoma.
- Services: Provides specialized installation, repairs, and maintenance for gas compression systems used by oil and gas companies, facilitating efficient gas transportation and storage.
- Clientele: Long-term contracts with oil and gas companies, with services focused on production rather than the exploration side. The equipment is already installed, with contracts typically lasting between 5 and 15 years.
- Growth Potential: Significant potential for global expansion, with opportunities to extend services beyond current regions and increase the client base.
- Revenue Outlook: The company's TTM revenue is projected to reach $8.1 million at the time of closing (June 2024), offering solid profitability.
Business Operation:
- Expansion Potential: The company has the infrastructure and expertise to expand operations globally, particularly in areas with growing demand for gas compression services.
- Unique Business Model: The business focuses on servicing existing gas compression equipment, ensuring steady, long-term contracts that are not correlated with fluctuating oil and gas prices.
Reasons for Selling:
The owner is seeking to capitalize on the company’s growth and hand over operations to a capable buyer ready to scale the business further.
Support & Training:
Comprehensive support and training will be provided to the new owner to ensure a seamless transition.
Relocatable:
This business has the potential for global expansion and can be relocated or expanded beyond its current operational areas.
This listing offers a rare opportunity to have a growing business with steady, long-term contracts and excellent growth potential in the gas compression industry.
4.Mobile Waste & Dumpster Compaction Company
Step into a fast-growing and environmentally conscious sub-industry with this state-of-the-art mobile waste and dumpster compaction company. This business helps companies save money and reduce greenhouse gas emissions by providing a highly efficient and technologically advanced service. Operating in Texas, this franchise is positioned as one of the top players in the system and offers a proven, scalable model in a necessary and ever-growing trash industry.
- Location: Texas
- Asking Price: $13,000,000
- Sales Revenue: $5,200,000
- Profit: $2,430,000
- Year Started: 2020
- Employees: 15
Business Highlights:
- Environmentally Friendly: This business focuses on reducing emissions, with savings calculated on CO2 reductions.
- Team: 15 experienced employees, including operators and drivers, with over 19 years of combined experience and low turnover.
- Operations: The business is operationally efficient, easy to manage, and supported by strong sales, operations, and fleet maintenance processes.
- Franchise: Recognized as the top franchise in the system, with a new franchise for this same area costing around $1.75 million.
- Cash Flow: Highly effective accounts receivable collections with a 98% collection rate.
Business Operation:
- Expansion Potential: The business is primed for further expansion given its top franchise status and the growing demand for environmentally friendly waste solutions.
- Unique Business Model: Combines state-of-the-art technology with an efficient team to deliver waste compaction services that save money and reduce environmental impact.
Reasons for Selling:
The current owner is looking to capitalize on the rapid growth of the business and is seeking a buyer capable of taking the company to the next level.
Support & Training:
The owner is committed to providing full support and training to ensure a smooth transition for the new owner.
Relocatable:
This business operates within the region and can be expanded further.
This listing presents a unique opportunity to gain a leading waste management company that combines profitability, sustainability, and significant growth potential.
5. Best In Class Residential Renovation Company:
This acquisition offers an excellent opportunity to own a "Best In Class" residential renovation company based in Houston, Texas. The current owners have leveraged their extensive industry background to build a rapidly growing business, achieving revenues of over $8.7M with an SDE exceeding $2M in just four years.
- Location: Houston, Texas
- Asking Price: $7,000,000
- Sales Revenue: $8,700,000
- Profit: $2,100,000
- Year Started: 2019
Business Highlights:
- Establishment: Founded in 2019, the company has experienced rapid growth in residential renovation, offering high-quality remodeling services.
- Services: Specializes in both interior and exterior residential remodeling projects, including Bath and Kitchen Remodeling, Roofing, Window Replacement, Foundation Leveling, and more.
- Clientele: Operates with a well-trained sales team supported by an in-house call center, generating quality leads for various remodeling services. The company’s financing options and partnerships with local lenders help clients manage payments efficiently.
- Technology: A robust website simplifies the quoting process, providing professional details on the company's services and further supporting customer inquiries.
- Growth Potential: The company is well-positioned for continued growth, with opportunities to expand its services and scale operations even further in the Houston market and beyond.
Business Operation:
- Expansion Potential: Significant potential for expanding into new markets and increasing service offerings, capitalizing on the company’s strong reputation and established client base.
- Unique Business Model: Focuses on a customer-first approach with personalized renovation services and a dedicated in-house team, making the company stand out in the competitive home renovation market.
Reasons for Selling:
The current owners are seeking to transition the business to new ownership, providing an opportunity for a buyer to capitalize on the company’s rapid growth and market position.
Support & Training:
Comprehensive support and training will be provided by the current owners to ensure a smooth transition for the new owner.
Relocatable:
This business can be expanded further within Houston or relocated to other regions as needed.
This business presents a rare chance to own a profitable and well-established residential renovation company with immense growth potential in the home improvement sector.
6. Off-Road Vehicle Dealership in Houston:
Founded in 2015, this Houston-based powersports dealership has become a leading player in the off-road vehicle market, specializing in ATVs and utility vehicles. With a streamlined business model, the company sets itself apart by focusing on both new and pre-owned vehicles, prioritizing customer satisfaction and operational efficiency. This dealership has built a reputation for quality service and products, making it a top choice for off-road enthusiasts in the region.
- Location: Houston, Texas
- Asking Price: $5,000,000
- Sales Revenue: $6,500,000
- Profit: $1,400,000
- Year Started: 2015
Business Highlights:
- Establishment: Founded in 2015, this powersports dealership specializes in ATVs and utility vehicles, with a strong market presence in Houston.
- Services: The business focuses on the sale of new and pre-owned off-road vehicles, with an emphasis on customer satisfaction and operational excellence.
- Management: A general manager is in place, ensuring continuity and operational stability. The general manager is expected to stay on after the sale, making the transition easier for new ownership.
- Growth Potential: The dealership is poised for further growth as the demand for off-road vehicles continues to increase, particularly in the Houston market.
Business Operation:
- Expansion Potential: With an established market presence and growing demand for off-road vehicles, the business has strong potential for expansion, either by increasing the range of vehicles or by entering new markets.
- Unique Business Model: A simple and efficient operational model allows for the seamless sale of both new and pre-owned vehicles, setting the dealership apart in a competitive industry.
Reasons for Selling:
The current owners are seeking to transition the business to new ownership to take advantage of new growth opportunities.
Support & Training:
The current general manager and team will provide support to ensure a smooth transition to the new owner.
Relocatable:
The business operates from a fixed location but has potential for expansion into other regions.
This is a unique opportunity to acquire a well-established and profitable off-road vehicle dealership with a solid reputation in the Houston market.
7. Steel Fabrication Shop for Sale:
This well-established steel fabrication shop in North Texas has been a recognized player in the industry for over 35 years. Specializing in heavy steel fabrication, the company is capable of fabricating up to 1/4-inch and 1/2-inch plate steel, component parts, and structures for distribution centers and other large projects. With a wide array of services, including wet painting, shearing, forming, rolling, punching, and welding, the business is positioned to grow as the North Texas construction industry expands and more distribution centers are built.
- Location: Texas
- Asking Price: $2,250,000
- Sales Revenue: $3,721,458
- Profit: $1,195,139
- Year Started: 1994
Business Highlights:
- Establishment: The company has been serving the steel fabrication industry for over three decades, focusing on providing essential services to large-scale distribution centers and other major projects.
- Services: Capable of fabricating steel for a variety of projects, including racking, conveying systems, and other structures for larger firms. Additional work includes stainless, aluminum, and galvanized steel fabrication, alongside wet painting and other specialized services.
- Clientele: Works with major food distribution companies and is considered an essential partner in their supply chain.
- Growth Potential: With the North Texas construction industry booming and more distribution centers being built, the business is in an ideal position to grow and increase profitability.
- Operations: Despite challenges during the COVID pandemic, the company has rebounded and is expected to return to profitability soon, providing a solid foundation for future growth.
Business Operation:
- Expansion Potential: The business has significant potential to expand its operations as demand for steel fabrication services continues to grow in the region, particularly with the rapid rise of distribution centers.
- Unique Business Model: The company’s ability to handle large-scale projects and provide a wide range of fabrication services sets it apart in a competitive market.
Reasons for Selling:
The owner is looking to sell the business at a discounted price due to the downturn in 2022 but expects a rebound as the industry stabilizes.
Support & Training:
The owner is willing to offer full support and training to ensure a smooth transition for the new buyer.
Relocatable:
This business can be relocated or expanded into other regions with a growing demand for steel fabrication.
This is a great opportunity to have a steel fabrication shop with a long history of success, positioned for growth in a rapidly expanding industry.
Conclusion
These businesses present attractive investment opportunities across various sectors, each offering a unique position in its respective industry. From the growing legal lead generation and logistics markets to the environmentally conscious waste management field, each company showcases a strong track record, proven profitability, and substantial growth potential. With established operations, expert management teams, and room for expansion, these businesses offer ideal ventures for new ownership to continue building on their success. Whether in transportation, residential renovation, or industrial services, these opportunities cater to a wide range of interests and expertise, providing scalable and profitable options for serious buyers.
Prospective buyers are encouraged to act quickly to explore these high-value listings and take advantage of the support and training provided for a seamless transition.
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