20 Sep Moving to Arizona and Buying a Business for Sale in Phoenix
In recent years, the number of people moving to Phoenix, Arizona has increased dramatically. The combination of sunlight, warm year round weather and a surging economy make Phoenix a very attractive destination. Let’s take a look at why buying a business for sale in Phoenix is a winning proposition.
Why Choose Phoenix?
Phoenix enjoys much of what Southern California has to offer, such as ample sunlight, great weather and plenty of jobs and business opportunities, but lacks many of Southern California’s notorious downsides such as exceedingly long travel times and out of control pollution. Additionally, Arizona also enjoys better home prices and businesses sale prices than California. In short when all the factors are added together, the uptick in Phoenix’s popularity is easy to understand.
Recently, Forbes Magazine listed Phoenix as one of the top places for young professionals. In particular, Forbes listed Phoenix as one of the overall happiest locations for young professionals. No doubt, the young professional friendly profile of Phoenix adds to the city’s allure.
Continuing to Enjoy Low Unemployment Rates
According to Sperling’s Best Places, Phoenix has an unemployment rate of 5.4% which is below the national average of 6.3%. Low unemployment is, of course, very good news for anyone looking to open or buy a business. It typically means consumers have money to spend, and that translates to an increase rate of business success.
The Long-Term Health of Your Business in Phoenix
Phoenix is also a great place for businesses long term as well. Future job growth is expected to be 38.6%, which once again is above the national average of 36.1%. Income taxes are also lower in Phoenix than the national average. (The income tax rate in Phoenix is just 3.36% whereas the income tax rate nationally is 4.72%.)
How to Get Started
However, when it comes to buying a business in Phoenix, it is vital to find the right business. That means understanding both the Phoenix area as well as all the variables that go into making a savvy business purchasing decision.
The expertise and hands-on know-how that a business broker brings to the table will prove invaluable for anyone looking to buy. If you are considering buying a business for sale in Arizona, and Phoenix in particular, working with a local business broker is one of the smartest moves you can make
Copyright: Strategic Business Brokers Group