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By Richard Parker, President of The Business For Sale Buyer Resource Center™ and author of the most widely used reference resource and strategy guide for buying a business for sale - How To Buy A Good Business At A Great Price© |
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Why should anybody consider buying an existing business instead of starting a new one?
An existing business has a history and typically has the capacity to generate income that helps you recuperate your investment from the first moment you buy it. Successful businesses tend to be the ones that have been operating for a period of three years or more.
Additionally, the buyer receives the inventory from the seller at his cost. Finally, the buyer obtains all the assets with the down payment, which can be substantially below the real price of sale of the business.
What Does Business Brokers Of America Business Brokers Offer You? |
| SECURITY |
| An advantage in buying an ongoing business is that you, as the new owner, have an immediate cash flow and an established customer base. You do not have to build a business. You simply take over an existing successful business with the present owner's assistance. |
| FINANCING |
| Business Brokers Of America assists you in obtaining financing. Banks are reluctant to finance business purchases for several reasons. First, all small businesses attempt to minimize profits shown on financial statements to reduce tax liability. Also, a bank cannot manage a business if foreclosure becomes necessary. Therefore, over ninety percent of business purchases are financed by the owners, which demonstrate their confidence in the business. |
| CONFIDENTIALITY |
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Unlike the sale of real estate or franchises, the sale of an ongoing business is very confidential for both the seller and the prospective buyer. All inquiries are held in strict confidence. Meetings are confidential, and we are available after hours and on weekends.
Business Brokers Of America continually updates its business listings in order to offer buyers and future entrepreneurs options that suit their tastes and preferences, as well as their investment possibilities.
Please feel free to review numerous articles we have compiled below to assist you the buyer in your purchasing process:
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