Best UK Cities To Buy A Business In 2019
Nothing succeeds like success! Thus putting your money into a thriving business makes more sense, and this is the reason why many budding entrepreneurs are acquiring established businesses in the United Kingdom. Unsurprisingly, most individuals run towards the capital city of London to realise their dreams of becoming a business owner. Although the global city is a significant playground for commercial accomplishment, there are various other happening cities in the country which are not far behind London in terms of prosperity and ease of trade.
Thus if you are looking for a business for sale in the United Kingdom, then moving beyond London will prove both cost-effective and highly rewarding for the return on your investment. Small businesses can especially flourish in these cities which have no shortage of talent and represent a suitable private sector ecosystem with a high growth rate. So let us take a look at the best UK cities to buy a business in 2019 which promise high productivity and fast progressing sales.
Being the second most densely populated city of the United Kingdom makes Birmingham a big market with immense growth potential for start-ups as well as existing businesses. Besides being a major financial and commercial centre of the Midlands, Birmingham is highly recognised for its social and cultural scene. Hailed as the second largest economy after London, the city is an incubator centre and accelerator for tech start-ups.
It will also be hosting the 2022 Commonwealth Games which will add to its economic and infrastructural growth in the coming years. The city has long been a powerhouse of manufacturing and engineering, and the services sector has emerged in a big way to give a boost to the local businesses. The wider metropolitan economy generates a GDP to the tune of $121.1 billion, and the Gross Value Added (GVA) of the city stands at £24.8 billion. If you want to make the most of this promising wave, then it is the best time to invest in a business for sale in Birmingham. To check out the best business opportunities in the city, click on the link below.
Famed for being the birthplace of the Beatles, Liverpool is a metropolitan city in North West England which had a population of 2.24 million in 2011. Besides its growing popularity as a tourist destination, the city has become a significant economic centre in the United Kingdom. The GVA of Liverpool was £7,626 million and most of the employment in the city was generated in the fields of public administration, banking, finance, education, insurance and health during the last decade.
The hospitality industry in Liverpool has grown manifolds with rising number of tourists coming here every year. The four universities present here are churning out qualified professionals by the dozen who are helping the city to grow further. Additionally, it houses many shipping lines and is an eminent manufacturing base as well. It has everything that a business needs to expand and move ahead in a favourable environment. So if you wish to invest your money in a business for sale in Liverpool, check out the listings on the link below.
Located in Greater Manchester County, the city of Manchester is always brimming with people. It was the first industrialised city in the world and continues to shine brighter even today. The combined statistics for the wider metropolitan economy show staggering numbers with a GVA of £56 billion annually. Ranked as a beta world city, it is well-recognised for science and engineering innovations as well as a thriving media, music and sports scene.
It has a high concentration of private equity firms and boasts of a world-class infrastructure which supports the growth of SMEs. It is home to top universities, hospitals and a strong office market. Manchester has been performing well for the longest time and offers the best environment for the growth of a small business. Take a look at some of the lucrative business opportunities in Manchester right here.
The city of Glasgow is the largest economy in Scotland and is the third most populated city in the United Kingdom. Welcoming tourists in huge numbers every year, the city is also considered the largest seaport in the county. The growth rate of jobs being generated in the city touched 32% between 2000 and 2005. Its private sector took a giant leap with a staggering investment of £4.2 billion coming its way in 2006. The GVA of Glasgow rose by 4.4% during 2015-16 and the city recorded the lowest unemployment rate in 2017.
The highly diversified economy is home to the headquarters of various manufacturing companies besides being known for communications, healthcare, finance, retail, tourism and biosciences. If you wish to make your presence felt as an entrepreneur in this city, then purchase a business for sale in Glasgow. Click on the link below to find all the business listings in the city.
The Scottish capital is highly regarded for being an esteemed centre of education especially in the fields of medicine, literature, Scots Law, philosophy, etc. Also famous for the Edinburgh International Festival and the Fringe, it brings many travellers to its hinterland. The robust economy is supported by a highly qualified population which is primarily employed in banking, publishing, scientific research, higher education, hospitality, financial services, etc. The rate of unemployment was at 3.6% in 2018 and continues to lie low.
Banking and investment are the pillars of this city which make it a booming financial centre after London in the United Kingdom. With 4.4 million tourists visiting the city every year, the sector has been generating more than £100 million for the local economy. So if you want to become a part of this fast-growing city, then browse through the listings for best businesses for sale in Edinburgh, available on the link below.
If you have decided to acquire a business for sale in the United Kingdom, you must pay special attention to the location in addition to the industry as the economic stability of the region plays a vital role in the growth of the business. The list of cities mentioned above will help you in shrinking down the list of ideal business destinations to start your new phase as an entrepreneur.