Dynamics of the Small Business Market in the Southeast

Transcript

The Southeast is a great place for doing business and lots of companies are deciding to relocate there. South Carolina, North Carolina, and Georgia constitute a really big small-business market. In South Carolina, 99.4% of businesses are small, in Georgia, it’s 99.6% as well as in North Carolina. The population in this area has been constantly growing. Transworld has amazing brokers in the Southeast who will share their expertise about the market during this episode as well as Stearns Bank, an expert in business acquisition financing — a bank that has been dedicated to helping buyers getting to business for over 100 years. This episode is aimed to contribute to a better understanding of the dynamics of the market and especially how small businesses are being bought and sold in this area of the country.

Key Takeaways

[3:34] Jim Tatem (South Carolina)

[3:58] Why Greenville?

[6:18] Greenville as the perfect spot for new franchisees or to buy an existing business.

[7:15] Deal of the week: John Roman (Atlanta). Moving and Delivery services. A deal that was delayed due to bank approvals that took longer than expected.

[10:25] Joe Santora (Triad, North Carolina)

[12:01] Todd Albaum and Jack Sluiter (Charlotte South)

[14:40] Charlotte is a big little city that offers tremendous opportunities.

[15:38] Listing of the week: Steve Wright (Raleigh). The largest pool company in North Carolina, has been operating for 40 years, Annual Revenue $5 million, SDE over $363,000 per year. Price: $1.7million, comes with property.

[17:45] Steve Wright talks about the exponential growth of Raleigh.

[19:46] Chris Mitchell (Northwest Atlanta)

[21:15] Tom Ethen from Stearns Bank

[21:57] Creating relationships while completing transactions.

[24:03] Stearns Bank is a nationwide lender.

[25:31] The current trend in the small-business market.

[27:08] Small businesses buying other small businesses.

[28:11] Great opportunity to use the SBA program for business acquisitions and succession planning.

[29:40] Stearns Bank, more than 100 years of being nationwide small-business lenders.

Tweetables

Steve Wright (Raleigh). The largest pool company in North Carolina has been operating for 40 years, Annual Revenue $5 million, SDE over $363,000 per year. Price: $1.7 million, comes with property, retail location over $1 million. Call Steve at 919-379-5776 or email [email protected].

Mentioned in This Episode

• United Franchise Group
• Transworld Business Advisors
• Transworld on Linkedin
• Transworld on Facebook
• Call us
• Email us
• Email JT
• or call
• Call Joe Santora
• or visit triad.tworld.com
• Call Steve Wright
• email Steve
• Email Chris Mitchell
• or call Chris
• Call Tom Ethen
• or email Tom
• Stearns Bank