Buy or Sell a Business in Addison, Illinois

Your complete guide to business transactions in DuPage County's industrial hub. Market insights, local regulations, and expert resources.

Addison Business Market at a Glance

37K
Population
2,800+
Total Businesses
$285K
Avg. Sale Price
7 mo
Median Time to Sell

Addison Economic Overview

Addison is a thriving village in DuPage County known for its strong industrial base and strategic location along major transportation corridors. With over 2,800 businesses and a diverse economic mix, Addison offers excellent opportunities for business buyers and sellers.

The village's proximity to O'Hare International Airport, extensive industrial parks, and access to I-290 and I-355 make it a prime location for manufacturing, distribution, and service businesses. Major employers include Pampered Chef, Knaack, and numerous logistics companies.

Addison Business Market Data

Metric Value
Population 37,000
Total Businesses 2,800+
Average Business Sale Price $285,000
Median Time to Sell 7 months
Top Industries Manufacturing, Distribution, Retail, Food Service, Professional Services
Region DuPage County / Chicagoland West

Selling a Business in Addison

Addison's strong industrial base and strategic location create consistent demand for quality businesses. Here's what you need to know about selling in the Addison market:

Addison Seller Advantages

  • Industrial hub: Strong demand for manufacturing and distribution businesses
  • Strategic location: O'Hare proximity attracts regional and national buyers
  • Diverse economy: Multiple industries create varied buyer pool
  • Business-friendly environment: Village supports business growth and transitions

Addison-Specific Considerations for Sellers

  • Industrial Zoning: Verify zoning classifications for manufacturing/warehouse operations
  • Environmental Compliance: Industrial businesses may require environmental assessments
  • Lease Transfers: Many businesses operate in industrial parks with specific lease terms
  • Equipment Valuations: Manufacturing equipment often represents significant value

Buying a Business in Addison

Addison offers excellent opportunities for business buyers, particularly in manufacturing, distribution, and service sectors. Here's what buyers should know:

Addison Buyer Advantages

  • Industrial inventory: Wide selection of manufacturing and distribution businesses
  • Competitive pricing: More affordable than Chicago proper
  • Transportation access: Excellent highway and airport connectivity
  • Skilled workforce: Access to experienced industrial workers

Addison-Specific Considerations for Buyers

  • Village Licensing: Obtain required business licenses from Addison Village Hall
  • Zoning Verification: Confirm zoning compliance with DuPage County
  • Environmental Due Diligence: Conduct Phase I assessments for industrial properties
  • Utility Requirements: Verify power and utility capacity for operations

Frequently Asked Questions: Addison Business Sales

Addison has a strong concentration of manufacturing, distribution, and industrial service businesses due to its extensive industrial parks. Retail and food service businesses are also prevalent along major corridors like Lake Street.

Addison's proximity to O'Hare International Airport, access to I-290 and I-355, and central DuPage County location make it ideal for businesses requiring transportation access. This connectivity attracts buyers looking for logistics advantages.

Given Addison's industrial history, buyers of manufacturing or industrial businesses should conduct Phase I environmental assessments. Sellers should have documentation of environmental compliance ready for due diligence.

Yes, SBA loans are available through many DuPage County lenders. Local banks familiar with Addison's business community often provide competitive terms. Seller financing is also common for qualified buyers.

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