| Local government | An independent city with its own Commissioner of the Revenue |
|---|---|
| Business corridors | City Center at Oyster Point, Jefferson Avenue, Denbigh and the shipyard area |
| Companies we hear from | Machine shops, suppliers, medical practices, staffing firms and home service companies |
Suppliers to the Shipyard
Machine shops, fabricators and staffing firms that serve shipbuilding often have one dominant customer. Buyers can still pay well when the relationship is long and the contracts are clear. Read selling a company with one large customer.
Practices and Service Firms
Medical and dental practices around Oyster Point and Denbigh, and home service companies across the city, usually sell to someone already in the same line of work. Buyers look for steady repeat customers and staff who will stay.
See finding a buyer for your electrical contracting company for how service trades are priced.
Staff Who Stay
Skilled machinists, nurses and technicians are hard to hire on the Peninsula, so buyers look closely at who will stay after closing. Long tenure, fair pay and a second layer of supervisors all make a buyer more confident about the price.
Newport News Filings
The Newport News Commissioner of the Revenue handles the business license and business property return. State steps are on our closing obligations pages.
Next Step
Ask for a private estimate before you talk to any buyer, so you know what a fair offer looks like. Request a sale estimate.