Buyers

Top 7 Profitable Businesses for Sale by Owners in California ( October 2024)

Author:
Saad Benryane

California’s Economy to Grow Steadily in 2024

California continues to solidify its position as a global economic powerhouse, ranking as the 5th largest economy in the world for the seventh consecutive year. With a nominal GDP of nearly $3.9 trillion in 2023 and a robust growth rate of 6.1%, California is outperforming most countries globally. The state’s economy is driven by a diverse range of industries, including technology, entertainment, agriculture, and renewable energy, which contribute to its sustained economic success.

Governor Gavin Newsom emphasized California’s exceptional global standing, citing the state’s unmatched combination of innovation, higher education, talented workforce, and diverse industries. He noted that this dynamic mix will continue to propel California’s economic growth well into the future.

As the second largest economy in the world on a per capita basis, California is a crucial player not only in the U.S. but also on the global stage, contributing significantly to the overall strength of the U.S. economy, which remains the largest in the world with a GDP of over $27 trillion. With continued investment in cutting-edge sectors and a focus on sustainability, California is poised for further growth, maintaining its leadership role in the global economy.

1. International Logistics & 3PL Warehousing Business:

This international logistics and 3PL warehousing company, based in Riverside County, California, focuses on serving e-commerce businesses, providing crucial warehousing and logistics services. With a strong presence in international shipping, warehousing, and e-commerce logistics, the company is profitable and poised for further growth.

  • Location: Riverside County, California
  • Asking Price: $8,000,000
  • Sales Revenue: $6,200,000
  • Profit: $6,300,000
  • Year Started: 2020

Business Highlights:

  • Establishment: Founded in 2020, the company specializes in 3PL warehousing and logistics services for e-commerce businesses, with clients like Amazon FBA and Walmart.
  • Services: Provides international shipping and 3PL warehousing from key locations, including California and New Jersey, and offers quality control inspections in China.
  • Clientele: The company serves over 2,000 unique customers, with 200 regular customers for freight forwarding services and 500 regular customers for 3PL warehousing.
  • Industry Involvement: The company has participated in multiple industry conferences and exhibitions globally, including White Label Expo (Las Vegas), Transportation and Logistics (Munich), and Amazon meet-ups (San Diego and Guangzhou).
  • Certifications: Approved by Amazon SPN and a gold supplier on Alibaba for three years, with membership in JC Trans for e-commerce logistics.
  • Growth Potential: The company operates from leased warehouses and boasts significant growth potential through expanding its client base and operational reach.

Business Operation:

  • Expansion Potential: With growing demand for e-commerce logistics and warehousing, the business is well-positioned to expand its services and footprint.
  • Unique Business Model: Offers a comprehensive logistics solution, including international shipping, quality control inspections, and warehousing, all supported by an in-house CRM system.

Reasons for Selling:

The current owners are looking to transition to a new owner who can further capitalize on the company’s strong market position and growth trajectory.

Support & Training:

Comprehensive support and training will be provided to ensure a smooth transition for the new owner.

Relocatable:

This business can be expanded or relocated to further optimize operations and reach new markets.

This listing presents a rare opportunity to acquire a highly profitable, rapidly growing international logistics and 3PL warehousing company.

>> Contact Seller <<

2. Design-Build Construction Company in San Francisco:

Enter the forefront of California's real estate market with this exceptional opportunity to acquire a leading design-build construction company based in San Francisco. Known for offering comprehensive construction solutions, this company specializes in custom installations and has secured contracts worth millions for future projects. With a solid management team and over 20 years of combined experience, the company is positioned for significant growth in the competitive construction industry.

  • Location: San Francisco, California
  • Asking Price: $22,500,000
  • Sales Revenue: $13,000,000
  • Profit: $5,000,000
  • Year Started: 2014
  • Employees: 23

Business Highlights:

  • Establishment: Founded in 2014, this design-build construction company is renowned for combining architecture, design, and construction expertise to deliver highly efficient custom projects.
  • Services: Specializes in design-build services that cover all aspects of construction, from architectural planning to execution, allowing for a streamlined and efficient process.
  • Clientele: The company has secured contracts totaling over $7 million in future projects, offering a strong revenue stream and an impressive net margin of 30%.
  • Management: With an experienced team in place, the company is positioned for continued success, making it an attractive investment for a new owner looking to grow in the construction space.

Business Operation:

  • Expansion Potential: The company is well-positioned to expand operations and increase its market share by taking on larger projects or entering new regions within California and beyond.
  • Unique Business Model: The company offers a unique blend of architecture, design, and construction services, differentiating itself from competitors and delivering superior results to its clients.

Reasons for Selling:

The owner is seeking an experienced buyer to propel the business to the next level, focusing on scaling commercial operations and leveraging the company's established market position.

Support & Training:

Comprehensive support and training will be provided to ensure a seamless transition for the new owner.

Relocatable:

The business offers flexibility for relocation, making it an attractive opportunity for operational optimization and market expansion.

This listing presents a rare opportunity to acquire a thriving construction company with substantial growth potential in the dynamic San Francisco market. Serious offers based on industry comps are encouraged.

>> Contact Seller <<

4. Multi-Unit Automotive Service Franchise Portfolio:

This multi-unit automotive service franchise portfolio, located in San Diego, California, presents a unique opportunity for investors seeking a scalable and highly profitable business model. The franchise is known for its high margins, simple operations, and small real estate footprint, making it an excellent investment with rapid scalability through M&A, conversion, or ground-up development.

  • Location: San Diego, California
  • Asking Price: $11,250,000
  • Sales Revenue: $15,000,000
  • Profit: $4,500,000
  • Year Started: 1994
  • Employees: 12

Business Highlights:

  • Establishment: Operating since 1994, the franchise has developed a successful model based on simplicity, scalability, and profitability, offering partners a turnkey solution in the automotive service sector.
  • Operations: The business operates with a small real estate footprint and focuses on high-margin services with minimal operational complexity. Franchise locations are strategically placed in major trade areas with excellent visibility.
  • Scalability: This franchise model is designed to rapidly scale through the assistance of a real estate team and offers a turnkey solution for growth, with support for market entry, M&A, and development strategies.
  • Clientele: With established operations and a reputation for efficiency and quality service, the franchise attracts a loyal customer base across its trade areas.
  • Growth Potential: The franchise model provides substantial opportunities for rapid growth, making it an attractive investment for well-capitalized franchisees looking to expand.

Business Operation:

  • Expansion Potential: With a strong presence in major trade areas, this franchise is positioned for further growth and expansion into new markets. The real estate strategy allows for rapid territory build-out and scaling.
  • Unique Business Model: Built on the principles of simplicity and scalability, the franchise model allows franchisees to focus on key aspects of the business while marketing and training programs are handled by the franchisor.

Reasons for Selling:

The owner is looking for a new franchisee to capitalize on the established model and rapidly scale operations.

Support & Training:

Comprehensive support and training programs are provided by the franchisor, ensuring that new partners have the tools needed to succeed.

Relocatable:

This franchise model can be scaled and relocated within new regions to maximize growth potential.

This listing offers an exceptional chance to acquire a multi-unit automotive service franchise that boasts strong profitability and scalability. It presents substantial growth opportunities for the right investor, making it a highly attractive option for those looking to expand in a thriving market.

>> Contact Seller <<

3. Data-Driven Automotive Service Business:

This data-driven automotive service business, based in San Jose, California, is disrupting the fragmented automotive service industry with its innovative operating model. The clean, compact, and highly recognizable storefront provides real estate flexibility while minimizing operational costs. Positioned in multiple trade areas, the business serves regions with a population range of 75,000 to 160,000 and an average household income of $80,000 to $150,000.

  • Location: San Jose, California
  • Asking Price: $10,500,000
  • Sales Revenue: $13,000,000
  • Profit: $4,250,000
  • Year Started: 1991
  • Employees: 12

Business Highlights:

  • Establishment: Established in 1991, this business has developed a disruptive and efficient model for providing automotive services, gaining market share in a fragmented industry.
  • Operating Model: The business operates from a small footprint, maximizing real estate flexibility and minimizing overhead costs.
  • Clientele: Serving multiple trade areas with strong local demographics, the business is positioned in markets with populations ranging from 75,000 to 160,000 and household incomes of $80,000 to $150,000.
  • Growth Potential: Significant opportunities for growth exist by scaling the real estate footprint and expanding into new markets.

Business Operation:

  • Expansion Potential: The business offers excellent growth potential by expanding to additional regions and scaling operations. The flexibility of its compact storefront model provides a cost-efficient path to expansion.
  • Unique Business Model: The combination of data-driven services and a streamlined, disruptive operating model sets this business apart from competitors in the automotive service industry.

Reasons for Selling:

The owner is seeking a buyer with management experience to take the business to the next level. Real estate knowledge is advantageous but not required.

Support & Training:

Comprehensive support and training will be provided to the new owner to ensure a smooth transition.

Relocatable:

This business is relocatable, with opportunities to expand or move operations to additional trade areas for optimal market reach.

This is a unique opportunity to acquire a profitable and innovative automotive service business with significant growth potential in an expanding market.

>> Contact Seller <<

5. Professional Sales Organization in the Financial Services Sector:

This professional sales organization, located in Irvine, California, operates in the financial services space. The company is run by a group of successful entrepreneurs with a track record of building and selling businesses across various industries. With a well-optimized and absentee-owner operational model, this business is poised for growth and efficiency.

  • Location: Irvine, California
  • Asking Price: $23,100,000
  • Sales Revenue: $11,240,000
  • Profit: $3,300,000
  • Year Started: 2021
  • Employees: 57

Business Highlights:

  • Establishment: Founded in 2021, the company has been fine-tuning its processes in 2023 to grow rapidly and efficiently, with a focus on scalable and cash flow-driven operations.
  • Operations: The business has implemented an optimized system across sales, marketing, accounting, HR, and data handling, allowing it to operate smoothly without heavy reliance on ownership.
  • Absentee Ownership: The current ownership spends minimal time in the office, as the business can operate 100% under absentee management.
  • Financial Performance: The company has a TTM EBITDA of $3.3M, with projected EBITDA reaching $5M. The business maintains pristine financial records, providing transparency for prospective buyers.
  • Team: The company has a full management and staff layer in place, ensuring operational continuity and growth without the need for daily involvement from ownership.

Business Operation:

  • Expansion Potential: With an optimized, scalable business model and a full team in place, the business offers significant opportunities for growth, particularly in the financial services space.
  • Unique Business Model: The business is designed to operate under absentee ownership, making it an ideal investment for buyers seeking a high-cash-flow operation without day-to-day management responsibilities.

Reasons for Selling:

The owners, a group of entrepreneurs, are looking to exit in order to start their next venture. They have successfully built and sold several companies and are now ready for their next project.

Support & Training:

Full transparency and support will be provided, including pristine financial records and operational insights to ensure a smooth transition for the new owner.

Relocatable:

While based in Irvine, the business model is scalable and could be expanded or relocated to other regions.

This is a rare opportunity to acquire a high-performing, absentee-owner business in the financial services sector, offering strong cash flow and growth potential.

>> Contact Seller <<

6. Wholesale Life Insurance Agency and Brokerage in Orange County:

This tech-driven life insurance agency and brokerage, based in Orange County, is well-known for recruiting and employing some of the top insurance brokers in the industry. Founded in 2017, the company is built to scale, focusing on life insurance and related products. The owners have created a proprietary software solution, included in the transaction, which supports the recruitment of brokers and policyholders.

  • Location: Orange County, California
  • Asking Price: $7,600,000
  • Sales Revenue: $7,748,231
  • Profit: $2,641,894
  • Year Started: 2017
  • Employees: 15

Business Highlights:

  • Growth: The company has grown revenues by 45%, 40%, and 79% in 2021, 2022, and TTM ending November 2023, respectively.
  • Revenue Streams: Over 99% of revenue comes from life insurance-related products, including annuity and health insurance.
  • Operations: The company operates with a solid management team in place, allowing for a smooth transition for a new owner.
  • Proprietary Software: SaaS opportunity for licensing the software to other insurance agencies and brokers.
  • Financial Performance: TTM adjusted EBITDA is $2.46M, representing 31.8% of revenue.

Business Operations:

  • Expansion Potential: Significant opportunity to continue scaling through broker recruitment and software licensing.
  • Unique Model: Proprietary software, combined with efficient broker recruitment, offers unique advantages in the insurance space.

Support & Training:

Full support, including transparency and training, will be provided to ensure a smooth transition.

Relocatable:

The business model is scalable and can be expanded or relocated.

This is an exceptional opportunity to purchase a rapidly growing life insurance agency and brokerage with proprietary technology, strong financial performance, and excellent potential for future expansion.

>> Contact Seller <<

7. Commercial Real Estate Business in Los Angeles:

This distinguished and highly profitable property management business, located in Southern California, offers a golden opportunity for acquisition. The business boasts a proven track record of success, managing an extensive portfolio of Residential, HOA, Industrial, Office, and Commercial properties. With established relationships with property owners, this business ensures a steady stream of income and consistent revenue growth year-over-year.

  • Location: Los Angeles County, California
  • Asking Price: $7,200,000
  • Sales Revenue: $2,382,000
  • Profit: $2,400,000
  • Year Started: 1978
  • Employees: 40

Business Highlights:

  • Established Reputation: With over 40 years in the industry, this company has built a strong presence in the property management space, offering services to a variety of sectors.
  • Steady Income Stream: The company manages a diverse portfolio, ensuring a consistent and dependable flow of revenue through long-standing client relationships.
  • Growth Potential: The business has demonstrated steady revenue growth and offers opportunities for further expansion in the highly competitive Southern California market.
  • Operations: The company is well-structured, with a team of 40 employees ensuring smooth day-to-day operations, making it an attractive turnkey opportunity for new ownership.

Business Operation:

  • Expansion Potential: With its established market position and diverse portfolio, the business offers significant opportunities for growth and scaling within Southern California.
  • Unique Business Model: The company’s deep-rooted relationships with property owners and its focus on a range of property types make it a standout in the market.

Reasons for Selling:

  • Ownership Transition: The current owner is seeking to retire, providing an opportunity for new ownership to take over an established and profitable business.

Support & Training:

Full support and training will be provided to ensure a smooth transition for the new owner, including a comprehensive handover of business operations and client relationships.

Relocatable:

While the business is based in Los Angeles County, it offers the flexibility for expansion to other regions.

This is a rare chance to have a profitable, established property management business in Southern California with a proven record of success and significant growth potential.

>> Contact Seller <<

Conclusion

California's economy is projected to grow steadily in 2024, continuing its trajectory as the 5th largest economy in the world with a nominal GDP of nearly $3.9 trillion. Driven by innovation and diverse industries such as technology, entertainment, and renewable energy, the state remains a global economic powerhouse. Governor Gavin Newsom attributes this success to California’s unmatched combination of higher education, a talented workforce, and strategic investments in cutting-edge sectors. As one of the largest per capita economies globally, California is set to maintain its leadership role, contributing significantly to both national and global economic growth.

With its robust economic foundation, California continues to be a magnet for both businesses and talent. The state’s commitment to sustainability and its leadership in sectors like clean energy, biotechnology, and artificial intelligence ensure that its economy remains future-focused and adaptable to global trends. 

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

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