Your complete guide to business transactions in this growing Lake County village. Market insights, local regulations, and expert resources.
Round Lake Beach is a growing village in Lake County's northwest area, part of the Round Lake Area communities. With approximately 29,000 residents and a diverse, family-oriented community, Round Lake Beach offers business opportunities in retail, restaurants, services, healthcare, and construction.
The village has experienced significant growth and development, with new retail and commercial areas along Route 83 and Rollins Road. The economy includes retail, restaurants, healthcare, professional services, and construction. Round Lake Beach's affordable housing and family-friendly environment attract young families and working professionals.
| Metric | Value |
|---|---|
| Population | 29,000 |
| Total Businesses | 750+ |
| Average Business Sale Price | $215,000 |
| Median Time to Sell | 8 months |
| Top Industries | Retail, Restaurants, Services, Healthcare, Construction |
| Region | Lake County / Northwest Suburbs |
Round Lake Beach's growing population and diverse community create opportunities for business sellers. Here's what you need to know about selling in the Round Lake Beach market:
Round Lake Beach offers affordable business opportunities in a growing market. Here's what buyers should know:
Round Lake Beach offers affordable business entry costs, growing population, diverse community, and new commercial development. The village's affordability makes it attractive for first-time business buyers.
Round Lake Beach's diverse community creates opportunities for ethnic restaurants, specialty grocery stores, and services catering to specific communities. Understanding local demographics is key to success.
Restaurants, retail stores, healthcare services, auto services, and family-oriented businesses are in demand. Businesses serving the diverse community and growing family population tend to perform well.
Yes, SBA loans are available through Lake County lenders. Local community banks often provide competitive terms. Seller financing is also common for qualified buyers.
Get expert guidance for your Round Lake Beach business transaction.