According to the National Restaurant Association, in North Carolina there are over 18,318 restaurant locations that generate more than $18 Billion dollars in sales each year. Restaurants are a huge force in the economy of North Carolina and provide an important role in the local communities throughout the state. North Carolina Restaurants make up 11% of employment in the state and it is expected to grow by 14.5% creating 552,200 jobs statewide. Forbes Magazine has also named North Carolina as the third best state for businesses. The Tax Foundation states that North Carolina residents are over nine percent below the national average per capita in state and local taxes. Low taxes and a thriving economy make Charlotte North Carolina a perfect location for a restaurant business.
Charlotte North Carolina has become a prime destination for starting and maintaining a restaurant business. Charlotte North Carolina is ranked by Forbes as the fifth best place for business and careers in the United States. Charlotte has a low unemployment rate of 3.8% and has become a major financial center in the United States. The city of Charlotte focuses on preserving the natural beauty of the city which makes Charlotte one of the most enjoyable urban centers. The restaurant and hospitality industry in Charlotte makes up over 8% of employment and continues to grow each year. Charlotte is a fast growing city which has a population of over 859,000 and is the largest city in North Carolina.
Operating costs in Charlotte are below the national average compared to other major U.S. financial centers. Charlotte's attractive quality of life makes the city the largest metropolitan area between Washington DC and Atlanta. Charlotte has also become a popular tourist destination due to the unique city center. There are over 100,000 new visitors to Charlotte each year. If the Carolinas were a country they would be the 17th largest economy in the world according to charlotteusa.com. North Carolina restaurants are a booming industry due to the moderate climate, diverse economy, and a low cost of living.
The North Carolina Restaurant Brokers feature North Carolina restaurants for sale in the market of Charlotte.
Resources for Buying a Charlotte, North Carolina Restaurant
Buying a restaurant in Charlotte is a team effort so you may need further assistance. Our certified North Carolina Restaurant Brokers have plenty of resources and aid for you. Here is a starting point for the most common requests.
- https://www.guidantfinancial.com/financing-solutions/401k-business-financing/?CID=ffee1687-4f05-46f2-b9bd-54c75337553d&rname=robin+gagnon - Restaurant Financing and Access to Capital
- https://www.sba.gov/funding-programs - Small Business Administration - Financial Programs to Buy a Restaurant
- https://www.acitydiscount.com/ - Restaurant Equipment and Restaurant Supplies
- https://www.ncrla.org/ - North Carolina Restaurant & Lodging Association
- https://www.nc.gov/services-info/starting-business-nc - How to Start a Business in North Carolina
- https://abc.nc.gov/ - North Carolina Alcoholic Beverage Control Commission