Business

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business for sale

Number of businesses sold fell during 2019

A total of 2,454 small businesses were reported to have sold in the third quarter of 2019, an 8.6 percent decline compared to the same period last year. BizBuySell (BBS) says the median sale price rose just .1 percent year-over-year. Stagnant sale prices are not for lack of trying. The median asking price of a […]

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LKN business leaders take shots at each other in Lincoln County trial

Jan. 17. By Dave Yochum. If Hilary Clinton had been elected, none of this would have happened. It turns out the Donald Trump presidency coincided with a precipitous decline in the firearms and shooting range industry. People didn’t feel like their right to bear arms was threatened, and revenue at Denver Defense, a gun range […]

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Are you starting 2020 in control of your brand?

By Ginny Mackin. I’m not big on resolutions. Sure, a crisp new calendar inspires me to become more organized and mindful of my time and priorities. But the big transformational proclamations leave me cold. There is one commitment I made two years ago that has stuck, and I want to share it in hopes you […]

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Siskey-related lawsuits go after Carolina Beer, founders

By Dave Yochum. A memo sent to investors in an LLC related to Mooresville-based Carolina Beer & Beverage and its founders says claims in a lawsuit brought by 18 former investors “are absolutely 100 percent false.” In the memo, the entrepreneur behind CB&B said the disgruntled shareholders’ complaints only came to light in November, more […]

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Duke, environmental groups, regulators reach coal ash agreement

Jan. 2. NC regulators, community groups and Duke Energy have agreed to a plan to permanently close the company’s remaining nine coal ash basins in the state, primarily by excavation with ash moved to lined landfills over the course of 10 to 15 years. The agreement is a “reasonable and prudent” plan for basin closure, […]

Aneralla inducted into NCGOP Hall of Fame

The newest member of the NCGOP Hall of Fame is Huntersville Mayor John Aneralla. Now in his third term, he started helping Republican candidates in Mecklenburg County over 25 years ago. “I didn’t do it for the recognition rather to make the area I lived in a better place,” the investment advisor said. “Hopefully, through my […]

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Growth Strategies: Spot the ‘undertow’ of numbers

Growth Strategies By Cheryl Kane. It can be a good feeling to look at year-end revenue and see a comforting level of sales. It may bring a satisfied sigh of accomplishment; and it generally should.  But do you really know what the numbers tell you? Can you interpret financial statement numbers into meaningful information that […]

AN 82-ROOM, 5-STAR LUXURY WATERFRONT RESORT IN MOORESVILLE

LKN hotelier has luxury pedigree

By Dave Vieser. When Brett Krueger left his job as VP at Miami based MRK Investments, one of the first projects he dreamed of pursuing was a resort hotel on Lake Norman. “For a region where lake activities are such a major part of life, the lack of a high-quality lodging facility right on the […]

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Cataler plans 2nd plant in NC in Hickory

Dec. 18. Cataler North America, a major manufacturer of catalysts for automobiles and engines, will spend $42 million on a new manufacturing plant in Hickory, creating 151 jobs. Cataler North America is a wholly-owned subsidiary of the Cataler Corp., a Japanese-based firm that operates seven plants across the globe. Cataler North America, established in 2002, […]

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Microsoft to create 500 new jobs in Wake

  Dec. 17. Microsoft Corp. will invest $47.5 million and add 500 new jobs in the Wake County town of Morrisville, just west of Raleigh. This comes on top of an expansion announced in Charlotte that will create 430 jobs with a $23 million investment. “When tech giants choose North Carolina, they join a thriving […]

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