Buyers

Top 7 Profitable Businesses for Sale by Owners Under $500K (October 2024)

Author:
Saad Benryane

United states Economy to Grow Steadily in 2024

In October 2024, the U.S. economy demonstrated resilience despite high inflation and elevated interest rates. Real GDP grew at an annual rate of 2.8% in the second quarter, a significant improvement from the 1.4% growth in the first quarter. This growth was largely driven by strong consumer spending, increased nonresidential investment, and government spending, with full-year growth projected to be around 2.0%.

However, challenges remain, as inflation stays above the Federal Reserve's 2% target, with core inflation at 2.9%, mainly driven by rising shelter costs. The Federal Reserve is expected to cut interest rates twice by the end of 2024 to support future growth, while the unemployment rate has edged up to 4%, reflecting a softening labor market. Overall, the U.S. economy is expected to maintain steady, though moderating, growth as it heads into 2025.

1. Established Medical and Cosmetic Practice:

This is a well-established medical and cosmetic practice located in a premier medical building in West Los Angeles/Brentwood. The business uniquely combines a full-service Family Medicine practice with a cosmetic medical practice, operating efficiently with separate management for the cosmetic services.

  • Location: Los Angeles, California
  • Asking Price: $495,000
  • Gross Revenue: $450,000
  • Cash Flow: $370,000
  • FF&E: $50,000 (included in the asking price)
  • Year Established: 1998
  • Building Sq. Ft.: 950 sq. ft.
  • Rent: $3,550/month

Business Highlights:

  • Dual Revenue Streams: Family Medicine accepts insurance payments while the cosmetic practice operates on a cash basis, optimizing income streams.
  • Comprehensive Services: Family practice services include standard care, IV drips, and trigger point injections, while the cosmetic side offers laser hair removal, facials, Botox, and more.
  • Operational Independence: The cosmetic practice operates independently, even in the absence of the physician, making it a flexible business model.

Facilities & Equipment:

The office is compact but efficiently designed, including standard medical equipment like EEG and cosmetic equipment such as lasers and RF machines.

Business Operation:

  • Growth Potential: With low overhead, the business has room for expansion within the building if necessary.
  • Market Advantage: The practice is the only one of its kind in West LA, combining family medicine with alternative treatments and cosmetic services.

Support & Training:

The physician is available to provide full training to ensure a smooth transition for the new owner.

This listing presents a rare opportunity to acquire a thriving, profitable medical and cosmetic practice with significant growth potential and a solid reputation in a high-demand market.

>> Contact Seller <<

2. Refrigerated Trucking Company - Central Texas

Founded in 2020, this refrigerated trucking company specializes in transporting goods across Texas and Oklahoma. With reliable routes and well-maintained vehicles, the business offers significant potential for growth, especially for an owner looking to expand operations into additional states. The company operates with low overhead and is in good standing with FMCSA, ensuring reliability for new ownership.

  • Location: Cedar Park, Texas
  • Asking Price: $490,000
  • Gross Revenue: $784,000
  • Cash Flow: $280,000
  • Inventory: $380,000 (included in the asking price)
  • FF&E: $10,000 (included in the asking price)

Business Highlights:

  • Fleet: Two Kenworth T680 semi-trucks (2017 and 2018 models) and three refrigerated 53 ft trailers. All trailers are equipped with scales, air ride systems, and advanced refrigeration features.
  • Operations: Routes focused primarily on Texas and Oklahoma, with the ability to expand into other states. The company works with over 300 brokers and maintains direct customer relationships.
  • Growth Potential: Expand operations by adding more trucks, establishing a brokerage, or increasing route coverage. The direct customer offers additional profitable routes for further business development.
  • Facilities: Two semi-trucks and trailers with advanced refrigeration systems. No real estate included but facilities are relocatable.

Support & Training:

The owner is committed to providing hands-on training for a few months, ensuring a smooth transition. Continued support via phone and internet is also available for as long as needed.

This listing offers an exceptional opportunity to acquire a profitable trucking company with minimal overhead and ample room for growth, making it an attractive option for entrepreneurs looking to enter or expand in the logistics industry.

>> Contact Seller <<

3. Premier Restoration Solutions - Contents & Packout Services:

This established fire and water restoration business in Dayton, Ohio, specializes in contents restoration and pack out services. Unlike traditional fire and water companies focusing on structure repair, this company focuses on the belongings of homes or small businesses, restoring them and storing them safely until the property is ready for re-occupation. With over 25 years of experience and established relationships with insurance companies, it offers a unique opportunity for growth in a recession-proof industry.

  • Location: Dayton, Ohio
  • Asking Price: $295,000
  • Gross Revenue: $1,132,000
  • Cash Flow: $275,000

Business Highlights:

  • Specialization: This business focuses on contents restoration and packout, restoring belongings after fire or water damage. Unlike traditional restoration companies, they emphasize handling, restoring, and storing personal or business contents during the property restoration process.
  • Market Opportunity: Already established relationships with major players in the fire and water industry. There are strong opportunities for marketing and building further relationships in the insurance and service industries.
  • Industry Average: The average project ticket is valued at $18,000, presenting consistent and substantial revenue opportunities.
  • Training & Support: Full training and ongoing support in operations, marketing, hiring, and building relationships are provided.

Facilities:

Leased facilities, with all assets included in the sale price.

Growth & Expansion Potential:

The business offers significant growth opportunities through establishing local relationships with property managers, plumbers, and restoration experts. This company can further build upon its reputation and established clientele in the contents restoration niche.

Support & Training:

The seller is committed to providing complete training and support to ensure a seamless transition for the buyer and employees.

This is a unique opportunity to acquire a well-established business in the essential and recession-proof restoration industry, offering significant growth potential and a strong foothold in a lucrative market.

>> Contact Seller <<

4. Midwest Swimming Pool & Hot Tub Sales & Service:

This well-established pool and hot tub sales and service company serves six counties across Southwest Michigan and Northwest Indiana. Founded in 1989, the business provides comprehensive services, including installation, maintenance, and repair of pools and hot tubs, with 417 service jobs completed in 2023 alone. Known for its exceptional customer service and loyal customer base of over 3,500 clients, the company is primed for expansion in the growing pool and spa industry. The sale includes real estate, equipment, and optional training for the new owner, making this a turnkey opportunity for the right buyer.

  • Location: Cassopolis, Michigan
  • Asking Price: $350,000
  • Gross Revenue: $336,000
  • Cash Flow: $269,000
  • Inventory: $17,000 (not included in asking price)
  • Real Estate: $199,999 (included)

Business Highlights:

  • Longstanding Presence: Operating since 1989, the business has earned a strong reputation and loyal clientele.
  • Service Offerings: Installation and servicing of pools, hot tubs, and related equipment, with seasonal opening/closing services.
  • Customer Base: 3,500+ loyal customers, with significant potential for growth.
  • Expansion Potential: Ideal for growth with the addition of skilled technicians and the option to expand the commercial facility.
  • Turnkey Opportunity: Includes real estate, equipment, and conditional training to ensure a smooth transition for the buyer.

Facilities:

  • 1,200 sq. ft. commercial building located in a growing community, offering space for further business expansion.

Growth & Expansion Potential:

There is considerable demand for skilled technicians, providing opportunities to grow the workforce and increase service capacity. The commercial location, set on a quarter acre, could also be expanded to accommodate new equipment and staff.

Support & Training:

The current owner is offering up to 12 weeks of conditional training to help the new owner smoothly transition into the business and ensure continued success.

This listing presents a rare opportunity to acquire a thriving, established business with a loyal customer base and significant growth potential in the pool and spa industry. This is a perfect opportunity for an entrepreneur looking to expand in a growing market.

>> Contact Seller <<

5. Euro Treasures Antique & Art Gallery:

Euro Treasures Antique & Art Gallery is a 40-year-old business located in Salt Lake City, Utah, known for its extensive collection of British Georgian and Victorian furniture, American Arts and Crafts pieces, and a range of French and Belgian furniture. In addition to antiques, the gallery specializes in various art forms, including oil paintings, watercolors, prints, stained glass, and African collectibles. With an established reputation in the industry and a prominent presence in the Mountain West, this business offers significant opportunities for growth and expansion.

  • Location: Salt Lake City, Utah
  • Asking Price: $475,000
  • Cash Flow: $264,000
  • Year Established: 1981
  • Number of Employees: 3
  • Real Estate: Leased
  • Building Size: 25,000 sq ft
  • Rent: $8,000/month

Business Highlights:

  • Significant Inventory: The gallery has $1.0 million worth of antique furniture, art, and collectibles. The wide range of inventory includes Georgian and Victorian furniture, American Mission furniture, and African art, making the gallery highly diverse and attractive to collectors and interior designers alike.
  • Reputation & Recognition: Featured on Antiques Roadshow, the gallery has built a longstanding reputation for high-quality antiques, art, and unique décor, attracting a steady stream of customers.
  • Growth Potential: The business could expand significantly through online marketing strategies such as developing a robust e-commerce platform and increasing its social media presence. There is also potential to leverage platforms like eBay to increase sales beyond the local customer base.

Support & Training:

The current owner is offering 90 days of consulting post-sale to ensure a smooth transition. Longer-term consulting can be arranged for a monthly fee.

Market Outlook/Competition:

Euro Treasures is one of the leading antique galleries in the region, with very few competitors that offer the same variety and quality of inventory. The store’s long-standing presence and loyal customer base have established it as a leader in the local and regional market.

This listing presents a unique opportunity to acquire a well-established antique and art gallery with a solid reputation, significant inventory, and opportunities for digital expansion. The business is ideal for someone looking to continue its legacy or for a new owner to introduce modern marketing strategies to drive growth.

>> Contact Seller <<

6. Exterior Home Services Business, Strong Cash Flow:

This established exterior siding renovation business, operating since 2012, is an excellent opportunity for someone looking to own a high-margin, tech-savvy operation. The business is home-based, requiring only an iPad and proprietary software to manage. The owner can efficiently handle marketing and build relationships with insurance agencies while overseeing a skilled crew performing exterior home services. With no heavy equipment needed, the business keeps overhead low and profits high. The focus on customer satisfaction, combined with cutting-edge tools, makes this an attractive business for growth and expansion.

  • Location: Indianapolis, Indiana
  • Asking Price: $119,900
  • Gross Revenue: $943,816
  • Cash Flow: $251,816

Business Highlights:

  • Minimal Overhead: No heavy equipment or large office space required.
  • Tech-Driven: Advanced software and laser tools streamline operations and increase efficiency.
  • Customer Relationships: Strong focus on transparency with homeowners and partnerships with insurance agencies.
  • Growth Potential: High-profit margins and low operational costs allow for scalable growth.
  • Established Reputation: 10+ years of experience in the home improvement industry with satisfied customers.

Support & Training:

Comprehensive training and support are included, so industry experience is not necessary.

This listing presents a unique opportunity to own a thriving and highly profitable business in the home improvement sector. With its advanced technology and low operational costs, it is positioned for growth in a booming industry.

>> Contact Seller <<

7. Sushi Restaurant - Thriving, 20+ Years of Success:

This long-standing sushi restaurant, located in bustling Cameron County, Texas, has built a solid reputation over more than two decades. Known for its authentic Japanese dining experience, the restaurant attracts both locals and tourists, offering a relaxed and welcoming environment for casual dining or special events. With an annual revenue of $691,429 and a cash flow of $224,994, it provides a consistent stream of profits, making it a turnkey opportunity for any aspiring restaurateur or seasoned operator.

  • Location: Cameron County, Texas
  • Asking Price: $399,000
  • Cash Flow: $224,994
  • Revenue: $691,429
  • Year Established: 20+ Years
  • Building Sq. Ft.: Not Disclosed
  • Real Estate: Leased

Business Highlights:

  • Established Brand: This sushi restaurant has been a cornerstone of the community for over two decades, with a strong local reputation and a loyal customer base.
  • Profitable Operation: Generating annual revenue of over $691,000, the business delivers a robust cash flow of $224,994, ensuring high profitability.
  • Ideal Location: Situated in a prime location, it attracts a steady stream of diners, including both local patrons and visiting tourists.
  • Turnkey Opportunity: With an experienced and dedicated staff in place, the business runs efficiently, requiring minimal oversight from the owner.
  • Growth Potential: There is room to expand both the menu and operating hours, further boosting revenue. Introducing catering services or opening additional locations could also unlock new growth avenues.

Facilities & Equipment:

The restaurant boasts a cozy yet sophisticated ambiance, perfect for intimate dinners, casual meals, or special events. The kitchen is fully equipped with top-of-the-line sushi preparation tools and appliances, all included in the sale.

Support & Training:

To ensure a smooth transition, the current owner is willing to offer comprehensive training and support, including staff training, daily operations, and customer relations.

This listing represents a rare opportunity to acquire a thriving sushi restaurant with a solid track record, a loyal customer base, and strong profitability. Whether you’re an experienced restaurateur or a first-time buyer, this business offers significant potential for continued success in a vibrant community.

>> Contact Seller <<

Conclusion

These seven diverse businesses offer a wide range of opportunities for entrepreneurs across different sectors, from established medical practices and innovative trucking companies to thriving sports bars and antique galleries. Each presents unique strengths, whether through specialized services, loyal customer bases, or the potential for significant growth. Whether you're looking for a recession-proof restoration business or a turnkey operation in a niche market like antique sales, these listings showcase the breadth of possibilities available for new ownership.

>> Learn more about how to achieve your business purchase goals <<

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