Buying or Selling a Business in North Carolina

The State of North Carolina has experienced strong growth in the business sector and this trend is likely to continue for the next several decades. The exceptional small business fundamentals coupled with the high quality of life factors (mild climate, cultural activities, low cost of living, proximity to both the beaches and mountains, and number of professional sporting teams) has propelled North Carolina to the top position of nearly every list ranking which areas are the best to conduct business. The increasing demand for buying small businesses in NC has been a large factor leading to the tremendous success that business brokerage companies have experienced. Listed below are some of the notable accolades that North Carolina has received over the last several years.

• Raleigh was ranked #1 by Forbes.com as the Best Place for Careers & Business in 2011.
• In 2011, Site Selection magazine ranked Raleigh # 1 by Site Section for the best business climate, the ninth time out of the last ten years. With low businesses costs (18 percent below the national average), and the second highest net migration rate in the U.S. over the past five years, it's no wonder why Raleigh continues to receive this accolade.
• Builder Magazine has named the Raleigh-Cary area the healthiest of the 100 largest US housing markets in March of 2011. Rankings were based on a number of elements, including house price appreciation/depreciation, job growth, household and income growth, building permit activity and unemployment rates.
• The Raleigh-Cary metro area was named the # 5 Strongest Job Market in the U.S. by Manpower in July 2010. Raleigh, as a component of the Research Triangle Park provides many opportunities for business expansion in the info technology, healthcare & biotechnology fields. The excellent base of talent and an expansive higher education system has made both Cary & Raleigh a haven for business expansion and steady job growth.
• CEO Magazine ranked North Carolina the Best State for Business in May 2011.
• A June 2011 CNBC survey ranked North Carolina the #3 America's Top State for Business.
• In 2011, Forbes ranked The Research Triangle the #2 Region for Overall Population Increase.
• Forbes also ranked the State of North Carolina #3 by Forbes for highest job growth over the past two decades.
• North Carolina was ranked the #5 'Pro Business' State by Pollina Corporate Real Estate.
• In October 2010, the Milken Institute ranked the Raleigh-Cary area as the #7 Best Performing area.
• North Carolina was ranked #1 in 2010 for the Lowest State & Local Tax Burden on Business by the Council on State Taxation.
• Four North Carolina cities make RelocateAmerica.com's list of Best Places to Live in April 2010.
• Forbes placed the cities of Raleigh, Charlotte, and Durham on the list of Best Places for Business and Careers in April 2010.
• In October 2009, CNNMoney.com placed four North Carolina cities on their list of best places for small business start-ups.
• The presence of North Carolina State University, Duke University, and University of North Carolina - Chapel Hill has helped to fuel local growth in the Raleigh area. The city has received a very positive boost from these 3 elite local schools contributing to a more intelligent labor force (notable is the fact that 42% of Raleigh's population has a college degree).

About the Author:
Michael Fekkes is a Senior Broker at ENLIGN Business Brokers in Nashville, TN. Michael is a Certified Business Intermediary (CBI), a member of the International Business Brokers Association (IBBA), as well as a former business owner. ENLIGN Business Brokers is a Professional Services Firm that is headquartered in Raleigh, NC with regional offices in Nashville, TN & Atlanta, GA providing business intermediary services ranging from valuation and sale to exit & succession planning strategies. If you need a Nashville Business Broker, or want to sell a privately held business in the Southeast Region please be sure to visit ENLIGN Business Brokers.

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