2015 Expansion in Charlotte will Benefit Sellers
Urban and economic development in the Queen City is giving business owners a rare advantage.
Charlotte was ranked as #9 in the Top 10 Fastest Growing Cities in America by Forbes – but what does this mean for business owners in the Queen City?
“The buyer climate in Charlotte is excellent right now”, says Brad Offerdahl of Viking Mergers & Acquisitions. “Strategic and Financial Buyers are actively seeking opportunities in the Southeast, and recent growth in Charlotte has made it a prime target” he says. North Carolina, and Charlotte in particular, finished 2014 strong with a population growth rate of 1.93% and is forecasted to see a steady 1.98% population increase in 2015. As more people flock to the Queen City, larger corporations are also gaining interest in Charlotte; “Companies in other regions want to expand to Charlotte” says Brad Offerdahl, “The quality of life and dynamics of the economy are putting Charlotte on the radar”. Experts at Belk College are predicting the creation of about 30,000 jobs in Charlotte in 2015 with an unemployment rate of 5.84%. City officials are already preparing to accommodate the growth after announcing a plan to construct 3,000 additional housing and commercial units in the uptown area this year.
In addition to forecasted population and job growth rates, the recent announcement that Charlotte was selected as 1 of 4 cities to benefit from Google Fiber in 2015 is also attracting strategic buyers to the Queen City. “Google Fiber is putting Charlotte on the map as a forward city” states Brad Offerdahl, “this leap in technology has caught the eye of major strategic buyers from all over the county”. Google Fiber is expected to be 100x faster than conventional internet and is definitely appealing to buyers looking to relocate to Charlotte.
If you own a business in Charlotte, 2015 may be the right year for you to consider selling. The best time to sell a business is when it is trending upwards and the economy is on the rise. “The influx of buyers makes Charlotte a Seller’s market; sellers have a rare advantage in the Southeast right now”. To find out what your business is worth and when you should sell, complete our Request a Valuation form.