Selling a business in Charlotte and across North Carolina
The Charlotte region has grown fast enough that many long-established service companies now sit on property worth considerably more than when they bought it. That changes the sale conversation, because the business and the real estate need to be valued and financed separately.
Written and reviewed by Antoine Campbell. Last reviewed .
What we review here
- Mechanical, plumbing and electrical contractors serving a growing building stock
- Industrial service and equipment repair
- Logistics and distribution along the I-77 and I-85 corridors
- Fleet and commercial vehicle service
- Businesses whose owned property has appreciated substantially
North Carolina items in a transaction
Where a business owns appreciated property in a rapidly redeveloping area, the highest-value outcome is sometimes selling the operation and retaining or separately marketing the land. We will say so when that is what the numbers show.
- Contractor licensing through the state licensing boards, including monetary limits on license classifications
- Excise tax on instruments conveying real property
- County reassessment cycles, which can change property tax materially
- Environmental review on industrial and automotive parcels
A note on presence
Maurant Ventures acquires businesses throughout the United States. Listing a market here means we actively review opportunities there. It is not a claim of a local office.
What Maurant needs to evaluate this
- Three years of tax returns and current financials
- Property deed, survey and current assessment
- License classification and monetary limit
- Customer concentration
- Current rent charged if the property is held separately
When Maurant is not the right buyer
- Owners pricing the business on the land value
- Restaurants and food service
Questions owners ask
- My land is worth more than my business. What then?
- Then they should be valued and probably sold separately. A blended price undervalues one of them.
- Do you buy outside Charlotte?
- Yes, throughout North Carolina and nationally.
Sources
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This review is exploratory and does not promise a valuation, financing, offer, or closing.
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