Deciding on an Alaska Business for Sale

Deciding on an Alaska Business for Sale

Deciding on an Alaska Business for Sale

According to the Census Bureau and the Bureau of Economic Analysis, Alaska is one of the wealthiest states in America on a per-capita basis. It is also home to many small businesses that are growing rapidly. In addition, entrepreneurs will want to know that any equity investments in an Alaska business for sale, which is usually structured as an LLC, are regulated by state law.

Things that make Alaska unique

The state is an interesting blend of our modern technological age with the freedom to be found at the edge of a wilderness that is both vast and unspoiled. Because of its geographic location, the state is a crossroads for transporting air and sea cargo between North America, Europe and Asia. In addition, Alaska is well-known for its pro-development government, and it has no cumbersome income or personal sales taxes.

Anchorage

This is a city with a genuine entrepreneurial spirit and many opportunities for the savvy investor looking for an Alaska business for sale. While the population of Anchorage is smaller than that of other cities, it is making its mark in the oil, cargo and transportation industries, and approximately two decades of constant growth have resulted in a wide range of jobs in healthcare, construction, retail and oil production. Best of all, Anchorage welcomes young people who are beginning their careers and those who fall into the "seasoned veteran" category as well.

If you are looking to invest in an Alaska business for sale, the industries described below are among the most active in the state.

Oil and gas production

Most of the state's petroleum comes from oil fields in the Prudhoe Bay area, located in the north. Along with gas, it is a primary source of revenue for Alaska, which produces approximately 20% of America's oil. The state also has a manufacturing sector that is growing steadily, and its core is refining petroleum, along with processing lumber, seafood and other food products.

Seafood

Here, more people are employed in the seafood industry than forestry, tourism, oil and gas production and mining combined. While many workers in the state have a preference for working in the industry's harvesting sector, seafood-processing companies actively seek to hire residents of Alaska. Also, the state's Labor Department has dedicated a website to seafood-industry job openings.

Tourism

Roughly 1.1 million visitors come to Alaska every year to enjoy the scenery and wildlife. Not surprisingly, this industry is the state's second largest employer, with government as the leading category. Tourists and locals alike enjoy the unspoiled surroundings while hiking, fishing, canoeing and communing with nature. By way of contrast, Anchorage offers many other attractionssuch as the Alaskan wilderness, indigenous culture and art, scenic parks and various monuments.

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