Over 60% of Americans are emotionally detached at work.
Another 19% hate their jobs.
If you’re not committed to putting in the long haul with a job or company that doesn’t light you up each day, there’s another path: Entrepreneurship.
Studies show that self-employment’s picking up steam (thanks, Tim Ferriss and Shark Tank!) In fact, almost half of Americans say they want to start a business.
From being your own boss to the possibility of making more than in your 9 to 5 gig, there’s huge potential in entrepreneurship.
And it’s the perfect time! Baby boomers are exiting the market for retirement (10,000 of them hit retirement age every day). And many of them have established businesses in proven models.
Baby boomers own over 2 million small businesses.
With retirement just around the corner for them, that’s a potential for millions of businesses to go up for sale and change hands.
It’s a huge leverage moment for Millennials and Gen Z to take over those companies while leapfrogging past all the challenges new startups face.
But which kind of business should you buy?
This guide breaks down the best ones currently for sale
US Economic Outlook: Slowing Growth in 2024
- GDP growth expected to slow in H2 2024 but recession unlikely.
- High prices and interest rates reducing domestic demand.
- Q2 2024 GDP growth rose to 2.8%, driven by domestic demand and inventory buildup.
- Signs of weakness as consumers cut back on services spending.
- Q3 2024 growth projected to slow further to 0.6%.
Opportunity for Business Buyers
As the economy slows and businesses face rising costs and reduced consumer spending, many owners may look to sell. This creates a prime opportunity for savvy buyers to acquire businesses at more attractive prices. With baby boomers retiring and many owners looking to exit, this is an ideal time to invest in established companies, benefiting from lower competition and the groundwork they've already laid.
1. South Beach Luxury Night Club for Sale:
This premier nightlife destination in Miami Beach offers luxury and exclusivity. The club features elegant gold accents, plush leather seating, and state-of-the-art sound and video technology. Hosting world-class DJs, it provides an unmatched entertainment experience. Located in a prime area with high visibility, it attracts a discerning clientele. With gross revenue of $9.2 million, cash flow of $4.5 million, and a full liquor license, this investment offers significant growth potential in Miami's competitive nightlife scene.
Details:
- Location: Miami Beach, FL
- Asking Price: $20,000,000
- Gross Revenue: $9,200,000
- Cash Flow: $4,525,000
- EBITDA: $6,975,000
- Inventory: $200,000 (included)
- FF&E: $650,000 (included)
- Rent: $50,000 per month
- Building SF: 3,500
- Lease Expiration: 12/30/2033
- Employees: 25
Key Aspects:
- Prime Location: Situated in a high-traffic, prestigious area.
- Exquisite Design: Sophisticated décor and state-of-the-art facilities.
- High Margins: Cash flow and EBITDA provide strong financial performance.
Opportunities:
- Expansion: Potential to expand entertainment offerings and event hosting.
- Client Base: Build on the discerning clientele attracted to this luxury venue.
Headquarters and Real Estate:
- Facilities: 3,500 sq. ft. leased space.
Current Markets:
- Clientele: High-end guests seeking luxury entertainment.
Shareholder Objectives:
- Support & Training: 30-day familiarization period offered.
This luxury nightclub offers a unique investment in Miami Beach’s high-end nightlife market. Prospective buyers should contact the seller directly to learn more and explore this opportunity.
>> Contact Seller <<
2. Premier Windows & Doors, Roofing, HVAC & Solar Company:
This multimillion-dollar company, located in Miami-Dade County, Florida, offers a range of home improvement services including windows, doors, roofing, HVAC, and solar installations. With a reputation for high standards and customer service, the business boasts consistent revenue growth and a project pipeline exceeding $10 million. The company operates with low overhead costs and no inventory warehousing, making it highly efficient and relocatable. It has completed thousands of projects and is positioned for significant geographic expansion.
Details:
- Asking Price: $44,200,000
- Gross Revenue: $34,992,615
- Cash Flow: $6,814,055
- EBITDA: Not Disclosed
- Inventory: $200,000 (included)
- FF&E: $220,000 (included)
- Real Estate: Leased, 5,600 sq. ft.
Key Aspects:
- Diverse Service Offering: Windows, doors (70%), roofing (25%), HVAC, and solar (5%).
- Growth Opportunities: Geographic expansion and leveraging government programs for home improvements.
Opportunities:
- Expand to new regions.
- Further capitalize on the strong home improvement market in South Florida.
Support & Training:
- Training/Support: Four weeks included to ensure a smooth transition.
This company is primed for rapid growth and offers a lucrative opportunity for investors in the home improvement industry.
>> Contact Seller <<
3. Tech First Design-Build Construction Company:
This design-build construction company, based in San Francisco, specializes in custom architectural and construction projects. Founded in 2014, the company has established a strong reputation for its high-end, tech-forward design-build approach that integrates architecture, design, and construction under one roof. The company boasts strong profit margins with gross revenue of $13 million and cash flow of $5 million. With $7 million in secured contracts for the next year and stellar customer reviews, this business offers exceptional growth opportunities for the right buyer.
Details:
- Asking Price: $22,500,000
- Gross Revenue: $13,000,000
- Cash Flow: $5,000,000
- EBITDA: $3,350,000
- FF&E: $1,100,000 (included)
Key Aspects:
- Established Presence: Known for high-end custom projects with a focus on design-build services.
- Secured Contracts: Over $7 million in contracts for the upcoming year, ensuring consistent future revenue.
Opportunities:
- Continue growth by adding more contracts and expanding the scope of projects.
- Leverage the company's strong reputation to secure higher-margin projects.
Support & Training:
- Two weeks of support (10 hours per week) to ensure a smooth transition.
This company offers an exciting opportunity to enter the tech-driven construction space in California with an established, highly profitable business.
>> Contact Seller <<
4. Construction Company - Solar Sites:
This thriving construction company, based in the United States, focuses on solar and civil projects throughout the Northeast. Generating nearly $3 million in net profits, the company has 27 dedicated employees and a strong project pipeline of over $8 million. It operates with high-profit margins and has grown its revenue significantly, currently 69% higher than last year. The business handles large-scale solar installations and civil projects, including excavation and drainage systems, and is poised for further growth in the renewable energy sector.
- Location: United States
- Asking Price: $11,000,000
- Sales Revenue: $10,008,523
- Cash Flow: $2,857,139
- FF&E: $1,500,000 (included)
Business Highlights:
- Strong, growing revenue and project backlog in solar and civil work.
- Expertise in solar civil construction and other major projects.
Opportunities:
- Continued growth in renewable energy projects and large civil contracts.
Support & Training:
- Full details and transition assistance provided after signing NDA.
This is a highly profitable business with an established reputation in the solar and civil construction market, presenting a strong investment opportunity in the growing renewable energy sector.
>> Contact Seller <<
5. High Volume Windows and Doors Company in Central Florida:
This highly successful and reputable windows and doors company is based in Central Florida. The company offers a wide range of premium products and services to both residential (70%) and commercial (30%) clients, delivering top-quality craftsmanship with a stellar reputation for customer satisfaction. The business has experienced continuous growth, and 2024 revenue is projected to exceed $16.5 million. A solid and loyal customer base, along with a strategic relationship with PGT, positions this company for strong financial performance in the upcoming year.
- Asking Price: $8,499,999
- Gross Revenue: $12,611,781
- Cash Flow: $1,876,042
- Year Established: 2019
- Employees: 23 full-time (33 headcounts including subcontractors)
- Inventory: $300K–$500K (included in the asking price)
Business Description: One of the largest windows and doors companies in central Florida, this business is well-established and known for its superior service and exceptional products. It has accumulated numerous positive reviews online and continues to benefit from its recent acquisition of another windows and doors company, which is included in the purchase price. With robust technology systems and a dedicated in-house team, this business can streamline revenue and operations, setting a strong foundation for future expansion.
Key Aspects:
- Location: Orlando, Florida
- Real Estate: No property included; a warehouse can be included, if needed.
- Market Outlook/Competition: The Florida real estate market is booming, making home renovation services highly sought after. This company’s strategic location and strong market positioning offer a competitive advantage in the industry.
- Opportunities: The business has strong potential for further growth through geographic expansion, new product offerings, and scaling its partnership with contractors and home builders.
- Support & Training: The seller offers full support, including pre-approval through SBA up to $5,000,000, and is open to partnership or full buyout options.
- Reason for Selling: Other business ventures.
This business offers an excellent investment opportunity with proven profitability, strong client relationships, and a solid foundation for future growth.
>> Contact Seller <<
6. Commercial Construction - Cleveland, OH:
This commercial construction company, established over 25 years ago in Cleveland, focuses on primary projects ranging from $500K to $2.5M, with additional projects reaching $5M to $30M. With a seasoned leadership team, high-quality projects, and a strong reputation in the market, the company has a robust sales pipeline of over $225M and consistently high work-in-progress figures.
Details:
- Location: Cleveland, OH
- Asking Price: $5,250,000
- Gross Revenue: $39,000,000
- Cash Flow: $1,850,000
- EBITDA: Not Disclosed
- FF&E: Not Disclosed
Business Highlights:
- 2024 forecasted revenue: $42M
- High work-in-progress at $39M+
- 400M+ inquiry stage for future projects
- Highly regarded for its quality in commercial construction projects.
Key Aspects:
- Location: Cleveland, OH
- Years Established: 25+ Years
- Employees: Not Disclosed
- Real Estate: Not Disclosed
Market Outlook/Competition: Competitive market with a strong customer base and long-term repeat customers. Company holds a key differentiator through its seasoned leadership and company culture.
Opportunities: Potential for geographic expansion and adding higher-margin projects.
Support & Training: The seller is committed to providing 10 hours per week for two weeks to ensure a smooth transition.
Reason for Selling: Growth and new opportunities for the owner.
This is an ideal opportunity for a strategic buyer looking to enter or expand within the commercial construction market in Cleveland.
>> Contact Seller <<
7. Highly Profitable Towing And Storage Company:
This Northern Californian towing and storage company offers full-service towing with a history of profitability and strong market positioning. With over 32 years of successful operation, the business is recession-resistant, providing services for law enforcement and private contracts.
Details:
- Location: Northern California
- Asking Price: $7,000,000
- Sales Revenue: $2,600,000
- Cash Flow: $1,500,000
- FF&E: $1,700,000 (included)
- Inventory: $150,000 (included)
Business Description:
This towing and storage company operates in Northern California and has built a solid reputation for offering reliable and high-quality services. Operating with 10 tow trucks, including heavy-duty wreckers, the company works on a 24/7 basis, offering towing services for law enforcement as well as handling multiple private contracts. The company averages over 10 tows per day, demonstrating its operational strength and consistent revenue generation. Its exclusive contract and longevity in the industry position it as a top competitor in the market.
Key Aspects:
- Established: 1992
- Employees: 12 part-time employees
- Building Size: 10,000 sq ft
- Monthly Rent: $10,000 (main facility)
- Lease Expiration: 5-year lease (assignable)
- Additional Facilities: 2 additional staffed storage facilities with monthly rents of $3,500 and $3,800
Market Outlook/Competition:
The U.S. roadside assistance market is projected to grow from $5.99 billion in 2022 to $7.73 billion by 2029, at a CAGR of 3.71%. The towing vehicle market is also expected to grow, reaching a total market size of $9.2 trillion in 2027. This company’s high-quality service, exclusive contract, and market reputation provide competitive advantages and strong growth potential.
Opportunities:
A new owner can further expand the service area, add more trucks to the fleet, and capitalize on growing market demand. Additionally, there are opportunities to enhance marketing efforts and pursue more private contracts.
Support & Training:
The seller is willing to provide up to 4 weeks of training at 30 hours per week. Additional support may be arranged, depending on the buyer's needs.
Reason for Selling:
The current owner is looking to pursue other business interests.
This towing and storage company offers an excellent opportunity for buyers looking for a recession-resistant business with a solid market presence and room for expansion.
>> Contact Seller <<
8. Established School Bus Business in Middlesex County for Sale:
An exceptional opportunity to acquire a well-established and profitable school bus company. This business has been serving special needs children across multiple counties for over 18 years and continues to grow.
Details:
- Location: NJ
- Asking Price: $5,400,000
- Sales Revenue: $2,800,000
- Cash Flow: $1,350,000
- Year Started: 2006
- Employees: 32
Business Description:
The fleet includes 25 new buses, 9 wheelchair vans, and 4 minivans, all maintained at an affiliated garage. It operates 34 routes with 32 drivers, 8 aides, and 5 extra buses. Serving Middlesex, Somerset, Monmouth, and Ocean Counties, this company has built a reputation for reliability, especially for special needs transport.
Key Aspects:
- Well-maintained fleet of buses with newer vehicles.
- High demand in multiple counties, focusing on special needs transportation.
- Experienced team of drivers and support staff.
Opportunities:
- Growth potential with additional routes and services.
- Ability to accommodate increasing demand for special needs transport.
Support & Training: Full support and transition assistance are available to ensure a smooth transfer of ownership.
Reason for Selling: Owner seeks to retire and is looking for a qualified buyer with proof of funds ($3.5M) to take over this thriving business.
Brief Summary:
This is a rare opportunity to own a well-established and growing school bus business with a strong reputation, an updated fleet, and significant potential for continued growth.
>> Contact Seller <<
9. Semi-Absentee Owner Same Day Expedited Delivery Service:
This California-based expedited delivery service specializes in same-day, last-mile delivery, covering business-to-business and consumer needs. With a high on-time performance and integrated technology, the company serves sectors like medical, legal, and concierge services. Established in 2013, this semi-absentee business has strong relationships with major couriers and operates across two western U.S. states. Seller financing is available.
Details:
- Asking Price: $6,500,000
- Revenue: $3,200,000
- Cash Flow: $1,200,000
- Seller Financing: Yes, up to $2M
- Down Payment: $4,500,000
Business Description: The company provides comprehensive delivery services, including air services, logistics, and fleet management. The company’s notable asset is its integration with a large courier, offering superior last-mile delivery solutions. They have a 98.7% on-time performance and recently secured a Southern California territory with multi-year contracts. The business covers a wide range of industries and operates with reliable drivers and agents.
Key Aspects:
- Location: California
- Years Established: 2013
- Seller Financing: Yes, $2M at 7.5% interest over 5 years.
- Opportunities: Expansion into additional territories and states, leveraging their integration with larger couriers and superior delivery systems.
- Training/Support: The seller will provide training for 4 weeks at 30 hours per week. Additional training is negotiable.
- Market Outlook: The global last-mile delivery market, valued at $132.71B in 2022, is expected to grow by 8.8% annually through 2030, driven by rising consumer demand for same-day services and on-demand technology.
Reason for Selling: The seller is looking to pursue other business interests.
>> Contact Seller <<
10. HVAC Company - Highly Profitable, Family Owned:
This family-owned HVAC company based in Carmel provides full-service plumbing, heating/cooling, and excavation services. It has an excellent local reputation, offering 24-hour service, which attracts loyal, repeat customers in the Indianapolis metro and surrounding suburbs.
Details:
- Location: Carmel, IN
- Asking Price: $4,500,000
- Gross Revenue: $3,900,000
- Cash Flow: $1,000,000
Business Description:
This company has grown into a trusted name, offering a wide range of services, including excavation and remodeling. They are the only provider in the area with 24-hour repair options, allowing them to consistently meet client needs. The company services homeowners and commercial properties, specializing in apartments and property management firms. Their business model, based on trust and dependability, makes this company stand out.
Key Aspects:
- Strong customer retention due to a 24-hour service model.
- Large geographic footprint within the surrounding neighborhoods.
- No other local HVAC company offers the same combination of services, including full plumbing and excavation.
Opportunities:
- Cross-sell between plumbing and HVAC services.
- Grow the business by expanding service offerings to neighboring suburbs.
- The next phase involves a focus on value pricing to drive revenue from new services.
Support & Training:
The seller is willing to offer consultation and support for up to six months post-sale to ensure a smooth transition.
Reason for Selling:
The seller is shifting focus due to family obligations and support for another business owned by their spouse.
>> Contact Seller <<
Conclusion
The current economic climate offers a prime opportunity for entrepreneurs to acquire established businesses at attractive prices. With baby boomers retiring in droves and businesses facing challenges from slowing economic growth, there's a surge in businesses up for sale.
This guide has highlighted a diverse range of businesses available for purchase, from luxury nightclubs and construction companies to expedited delivery services and HVAC businesses. Each offers unique opportunities for growth and profitability, catering to various interests and investment styles.
By leveraging the groundwork laid by established businesses and capitalizing on market trends, savvy entrepreneurs can position themselves for success in today's competitive business environment.