Commercial Business Opportunities in California: Under New Management
COMMERCIAL BUSINESS
Whether you are planning to launch or own a pre-existing business, let me guide you through the process of how to invest in commercial real estate.
Purchasing a commercial business allows you to conduct activities, unlock unique opportunities, and earn a profit at your convenience. It’s a beneficial, long-term asset to have. You can also help guarantee your safety by investing in a business and having it act as a buffer against economic instability.
Businesses come in all shapes and sizes; regardless of what kind you plan to have, it’s crucial to find the right professional who can help you and your soon-to-be business achieve long-term success with expert commercial real estate analysis and investments.
Benefits of Acquiring a Business
1. Equity Appreciation
Purchasing or leasing a business enables you to build equity in the property. As a commercial real estate expert, I can help further your business without putting your practice at risk. Investing in my expertise can provide you greater flexibility in managing your business' growth.
2. Tax Benefits
Owning a business allows you to enjoy tax benefits and take advantage of depreciation deductions while writing off mortgage interests that could put you in the red. Moreover, you can enjoy the advantages of other tax deductions for business owners, such as:
- IRS Tax Code Section 179 – Also known as “Section 179,” this permits deductions for equipment and furnishing purchases that are placed into service on the same year they are purchased.
- Cost Segregation – This depreciation method enables you to depreciate a building and its components (such as wiring and lighting) for 39 years – balancing the cost of maintaining a structure for a significant amount of time.
- 1031 Exchange – This offers leverage for practitioners to move their practice to a larger facility as it grows without being hindered by tax penalties.
To learn more about the benefits and potential disadvantages of owning a business, I can help you consult a tax professional or financial advisor to help you understand how a purchase can affect certain circumstances.
3. Control and Freedom
Owning a business entails control. For instance, buying a restaurant allows you to renovate and expand it to fit your liking. You can achieve consistency with prices and focus on growing your business.
Best Types of Businesses in California
California is among the best states to own a business with its fertile land, modern cities, and high-income population. Here are some commercial businesses you can run in California:
1. Auto Repair
There are many ways to service the auto industry. You can repair cars, handle upgrades, and customize motor vehicles to your heart's content. You can also earn a hefty profit selling parts from different manufacturers.
2. Beauty
California is home to thousands of barbers, stylists, and manicurists. In fact, the cosmetology industry in California has the largest professional licensee population in the country, as per the State Board of Barbering and Cosmetology. Businesses involved include, but are not limited to: hair salons, nail salons, barbershops, tattoo parlors, scalp replacement services, bathhouses, and personal trainers.
3. Footwear
One of the easiest businesses to venture into is footwear. It's flexible, budget-friendly, and you can cater to people from all walks of life.
Get Started with Rebecca Satti Realtor
Make the most out of your fresh start in the industry with Rebecca Satti Realtor.
As an owner myself, I can help you with expert real estate analysis and investments, ensuring quality real estate at a reasonable price. Driven by excellence, integrity, and strong dedication to professional service, my goal is to serve your best interest. For more information and inquiries, give me a call today.