Businesses in Atlanta, GA have long benefitted from a thriving landscape that has attracted acclaim both inside and outside the city. Its reputation as a prosperous metro area both at present and as one to watch for the future makes the city a highly attractive area for expanding companies – and, therefore, profitable when selling your business in Atlanta.
Atlanta’s advantageous business environment extends to companies both large and small, and across all industries. The city hosts the headquarters of 15 Fortune 500 companies, including widely recognized names like Home Depot, UPS, Coca-Cola and Delta Airlines.
Concurrently, Atlanta is also in the top ten metros in the Small Business Jobs Index, and is the home of 197 of the fastest-growing private companies in the nation according to the Inc. 5000. This accommodating business environment makes A-Town a hotbed for entrepreneurs, and beneficial for those interested in selling a company in Atlanta.
Success in Atlanta’s Business Growth
Atlanta’s reputation as a destination for commerce has been growing since the end of the Great Recession. The Atlanta MSA is the 10th largest economy in U.S., and was the second fastest-growing entering 2017. It’s very healthy GDP in excess of $385 billion shows no signs of a downturn.
Atlanta is the economic engine that has powered Georgia to be regularly named the number one state to do business in by Site Selection magazine in recent years. The metro’s 170,000 organizations all play a role in making Atlanta the heartbeat of the Southeast economy, and has attracted the interest of world-leading companies like Amazon, Apple and Mercedes-Benz to set up headquarters in the area.
So, if you want to know how to sell a business in Atlanta, you’ll be happy to know that this booming economy is great boost to buyer interest.
The People That Make Atlanta Prosper
The continued success of Atlanta is bolstered by its growing population. WalletHub has ranked it as one of the top fifteen fastest-growing large cities in the country, and the metro’s current 5.8 million citizens are expected to expand to around 8 million by 2040. Penske has ranked Atlanta as the top moving destination in the United States for seven consecutive years, and it easy to see why.
Atlanta’s job market is flourishing across all industries, with WalletHub listing it as the third best city for job opportunities in 2017. The city’s economic strength and comparatively low cost of living consistently attracts an influx of new workers. This workforce is supported by Atlanta’s impressive universities. Ranked the fourth-best University City in the world and home to two of the world’s top 100 universities, these continue to cultivate the next generation of skilled employers and employees.
In this environment, businesses in Atlanta can rely on a deep, increasingly skilled talent pool. For your exit plans, this prominent population improves the value of your company to motivated buyers wanting to utilize this outstanding workforce.
How Atlanta's Future Could Help Sell Your Business
A significant drawing factor for business owners and investors globally is Atlanta’s reputation as a leading city for the future. Atlanta was among A. T. Kearney’s top 25 cities of the future list, and it doesn’t take long to figure out why. Site Selection Group, ExpertMarket and Mayflower have ranked Atlanta in the top ten best cities for millennial and minority entrepreneurs, showing the city’s readiness for a new, increasingly diverse generation.
Atlanta is also being heralded by many as the next Silicon Valley. While the city is a leader in a range of industries, including business services, logistics and manufacturing, technology is experiencing an unprecedented boom in the area. It holds a prominent place in America’s Tech 25, and the information technology sector contributed almost a full percentage point to the city’s overall GDP growth in 2017.
This glowing reputation for the future is encouraging significant investment, to the benefit of those selling a business in Atlanta.
Atlanta Location, Infrastructure and Transport
Atlanta’s success is not contained in the Southeast – it is renowned as a connection point for the entire globe. This is no doubt supported by it being home to the world’s busiest airport - Hartsfield-Jackson Atlanta International Airport handled nearly 104 million passengers in 2017, and is currently undergoing a $6 billion expansion and modernization. This frequency of visitors is a powerful incentive for business owners in the area.
Expansion is also in store for Atlanta’s commercial real estate. The city is expected to complete 7.3 million square feet of office space by 2019, the ninth most for any city nationwide, opening up considerable space for new business and expansion from companies further afield. If you feel the time is right to sell your business, Atlanta’s expansion and infrastructure keeps interest in the area incredibly high.