Virginia Beach is a great place to settle down and start a business. While the process of starting a business can be challenging and cost a lot of money, you don't always have to start from scratch. In fact, Virginia Beach has plenty of businesses that you can purchase.
There are plenty of options from food businesses, retail companies, and even some franchise opportunities. With plenty of commercial property to go around, Virginia Beach could be a great place for you to purchase an existing company and dive right into the day-to-day.
That said, it's important to go into purchasing a business in Virginia Beach with a plan, and the good news is that we're here to help. Read on to learn more about businesses for sale in Virginia Beach.
Businesses for Sale in Virginia Beach
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Is Virginia Beach a Good Place to Start a Business?
Virginia Beach can be one of the best places to start a business in the entire state. In fact, Virginia Beach has been named the easiest city to start a business and the second-friendliest city for small businesses.
What makes the city a great choice is the amount of revenue that flows through it based on tourism and real estate. This gives you plenty of opportunities to enter into franchise agreements or even start a simple food truck that serves food to people visiting one of the city’s beaches.
Is Virginia Beach Cheap to Live?
Virginia Beach is one of the cheapest cities to live in on the East Coast, so it’s a great place to settle down. In fact, the overall cost of living in Virginia Beach is close to the national average when it comes to essentials like groceries and rent. This makes it an affordable city to live in, especially by East Coast standards.
While there are cheaper options in the United States, its low cost paired with excellent business opportunities makes it a great place to purchase a business for sale in Virginia.
Is Virginia Beach a Wealthy Area?
According to Data USA, Virginia Beach gives off the appearance of a wealthy area, but it’s closer to the national average in terms of median income and property value. For example, the average property costs just under $300,000, and the median household income in the state is about $80,000.
When you pair the low cost to purchase or rent property with a great atmosphere and plenty of things to do, Virginia Beach is one of the best places to live in Virginia.
What’s the Largest Company in Virginia Beach?
The largest company in Virginia Beach is Professional Hospitality Resources, or PHR. The company employs more than 2000 people during the summer months when tourists are most active and pulls in a lot of revenue throughout the year.
On average, the company makes about 90 million dollars per year, and as the tourist economy continues to grow in Virginia Beach, it’s unlikely that the company will falter.
Small Business for Sale in Virginia Beach
Small businesses for sale in Virginia Beach are plentiful. Starting a franchise or a large restaurant might not suit everyone. Instead, consider buying a small business from the owner. These businesses might cost less initially but require more work to maintain.
Staff might leave when the owner retires, but personal interactions with staff and customers can be rewarding. The affordable living costs and summer tourism boost make it worthwhile to find a good small business for sale in Virginia Beach.
Moreover, small businesses include restaurants and retail options. Purchasing directly from owners avoids agent fees, making it more affordable. If you find a small business for sale by the owner, seize the opportunity to save on costs.
Food Business for Sale in Virginia
Virginia Beach is one of the best places to purchase a food business. During tourist season over the summer months, you have a chance to tap into a market of people willing to try something new or catch a quick bite from their favorite food truck.
That said, with a population density of about 255,000 in a 5-mile radius, you can’t go wrong with a good business – people get hungry. Some great examples of current food businesses for sale include Philly Pretzel Factory and Red Lobster. However, many small pizzerias, delis, diners, and burger shops are available to buy in Virginia.
Whether you want to look for a restaurant for sale in Virginia Beach or open a catering company, you have plenty of options in Virginia Beach. Ultimately, it comes down to what you’re interested in and whether or not you can pay the startup costs.
Retail Business for Sale in Virginia Beach
Virginia Beach is home to many types of retail companies. Many of these companies are for sale, and you can purchase them to start selling your products to the public sooner rather than later.
Many retail companies for sale in Virginia Beach already have established products that you can sell, so you don’t have to worry as much about finding your niche or startup costs being wasted on the wrong products.
Some common retail businesses for sale in Virginia include:
- Jewelry stores
- Barbershops
- Laundry businesses
- Home goods
- Pet stores
- Electronics stores
- Book stores
These are only a few examples of the types of retail businesses that you’ll find for sale in Virginia Beach.
Franchise Opportunities Virginia Beach
Virginia Beach is home to numerous franchise opportunities that you can choose from. Some examples of the top franchise options include Established Tutoring Franchises and Humane Wildlife Removal & Pest Control Services.
You can also go with a fast food franchise like Wendy’s, McDonald’s, and Burger King. This is a great option if you want to get into a food business, but want to be a little more hands-off.
Furthermore, you’ll find that some more niche franchise options are available to you including popcorn companies, ice cream shops, and beachwear stores. These franchises tend to operate during the summer months and have a lower initial investment cost.
What’s more, franchise options in the trades are available in Virginia Beach. Mr Handyman is a great example of a franchise that operates in Virginia Beach and other parts of the state.
Some other franchise opportunities in Virginia Beach include:
- Pool Scouts
- House Doctors
- Lawn Doctor
- Healthier 4U Vending
- Cruise Planners
- Ideal Directories
- SiteSwan Website Builder
Some franchise opportunities in Virginia Beach may also be online-only, which can lower the cost and appeal to people with specific skills. For example, Established Tutoring Franchise appeals to people with specific skills in academic topics who can help others learn.
Commercial Property for Sale in Virginia Beach
Whether you want to start a business in Virginia Beach or buy an existing one, you’ll need commercial property. Purchasing a business for sale often includes branding and any owned property, simplifying the process.
If the business owns commercial property, it can be part of the deal. This eliminates the need to separately contact a realtor.
However, some businesses don’t include property, requiring you to rent or buy commercial property in Virginia Beach. Fortunately, options fit all budgets, from small buildings under $500,000 to larger offices over $13 million.
Purchase a Business for Sale in Virginia Beach Today!
Small businesses for sale in Virginia Beach are plentiful. Starting a franchise or a large restaurant might not suit everyone. Instead, consider buying a small business from the owner. These businesses might cost less initially but require more work to maintain.
Staff might leave when the owner retires, but personal interactions with staff and customers can be rewarding. The affordable living costs and summer tourism boost make it worthwhile to find a good small business for sale in Virginia Beach.
Moreover, small businesses include restaurants and retail options. Purchasing directly from owners avoids agent fees, making it more affordable. If you find a small business for sale by the owner, seize the opportunity to save on costs.