Florida is more than just the Sunshine State with its sandy beaches, warm waters and Disney World. One of the fastest growing states in the U.S., Florida is already a great place to operate a business. Established companies realize Florida is the place to be. Hertz moved it’s headquarters from New Jersey to Lee County, Florida, bringing 700 jobs to the area. The car rental company figured out what many business owners in Florida already know.
With the help of a Florida business broker, buying an existing business is a great option for entrepreneurs seeking to move to Florida or expand their holdings within the state. Instead of starting from the ground up, a Florida business for sale will most likely include an existing customer base, location and products giving business owners a good head start in achieving their business goals.
Established
Industries
The tourism and travel industry is the largest
business segment in the state. Between Orlando and Miami, as well as plenty of
other locations in between, people are constantly visiting Florida or traveling
across the state. For businesses geared towards travel and tourism, there is
plenty of growth potential. There are several military bases in Florida,
primarily along the coast, giving local areas a stable economy that is good for
many businesses.
Government
Florida has fewer regulations and bureaucratic red tape than other states, making it easier to do business in the state and making Florida an attractive option for many companies and business owners. The state government focuses on quality education in order to make sure the state creates an atmosphere where an educated workforce can thrive. Government officials have consistently sent the message out that “Florida is open for business.”Low Taxes
Florida has no
state income tax, making it one of only seven states in the U.S. without
one. The state relies on sales tax revenue, while local governments rely on
property taxes. Lower taxes are a boon for business owners as well as
residents.
Growth
The state continues to grow in population as aging visitors return to Florida permanently when they retire, while still others move to the state for a plethora of other reasons. Ranked seventh in the country for population growth, a higher population is good for business opportunities. Not all of that growth is domestic. International visitors are flocking to Florida to purchase homes and build businesses of their own. Many are coming from Brazil, the United Kingdom, Venezuela and other Latin American countries.Lifestyle
Tourists visit and return, while many more move
to Florida for one good reason: the lifestyle. The Sunshine State is no
misnomer. Florida experiences on average more than 200
days of sunshine a year. The climate is mild year-round, compared to other
parts of the country and the world, and even when the temperature climbs in the
summer, people still return to the beaches and amusements that make the state
so famous.
Chief Executive Magazine named Florida the second best state in the country for business in 2013. Less regulatory requirements than other states, investments in education, lack of state income tax, rapid growth and a temperate climate make buying and owning a business in Florida a wise investment. Florida Business Brokers can help in the selection and buying process for anyone looking to buy a business in Florida.
Chief Executive Magazine named Florida the second best state in the country for business in 2013. Less regulatory requirements than other states, investments in education, lack of state income tax, rapid growth and a temperate climate make buying and owning a business in Florida a wise investment. Florida Business Brokers can help in the selection and buying process for anyone looking to buy a business in Florida.
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