Here are just a few reasons why it makes sense to buy an ongoing business.
A business that has been owned and operated for a number of years and has provided the source of income to the family of the owner may reasonably be considered a profitable and viable business.
A minimal amount of working capital is required to continue the business. Sales start the first day you take over.
Trained employees are in placed the day you take over the business. There is no cost for training and no dissatisfied customers.
Existing vendors will usually continue to do business with the new owner. They have been supplying the business for some time and know it’s a good business.
You get an existing customer base that will grow through referrals from satisfied customers.
Some licenses and permits can be transferred to your name. If not, you have the assurance of knowing that the business, in its current location, has been approved for the license or permit.
The seller will train you in the operation of the business so you benefit from their experience in running the business. You will be introduced to customers and suppliers.
Over 90% of business sales include some form of owner financing. The seller who finances your purchase of his business has a vested interest in your success.
Call Claudio Vilas today at (954) 774-4141!