Ohio is the 7th largest state in the union, with its largest city being its capital city of Columbus, which is home to about 850,000 people. Rounding out the top 5 cities are Cleveland, Cincinnati, Toledo, and Akron, respectively. The state’s fantastic location makes it tempting to buy a business in Ohio. The Buckeye State serves as a gateway, bordering the Northeastern states on one side, Midwestern states on the other, and just a short drive to the Southeastern U.S. as well. In fact, more than half of the population of the United States lives within a one-day drive of Ohio. The state even serves as a shipping port, too, as it sits on the shores of Lake Erie.
Those who plan to buy a business in Ohio are likely drawn to the state for its GDP of more than $552 billion – the 7th largest state economy – and its consistent economic growth. Ohio’s unemployment rate is lower than the national average, and despite a decline in the manufacturing industry nationwide, Ohio’s rate of manufacturing jobs is higher than the U.S. average. In addition, the dynamic workforce no doubt receives a boost from its flagship institution of higher education, The Ohio State University, which boasts the third-largest student body in the nation.
Before making any big decisions, it’s always a good idea to do your research. Doing an online search for Ohio businesses for sale will yield a vast array of options. Some possibilities include a day care, a restaurant and wine bar, a home health care agency or a residential cleaning company. However, those are just a few of the exciting opportunities that are waiting for you in Ohio, and you can reflect on what type of business would best suit your needs before making your move.