Buy a Business
Buying a business that has been trading for a number of years can be a great option as these businesses already have a customer base and a careful check of the accounts will give you a good idea of if the business is viable. One of the biggest aspects to think about when considering buying a business is if you have the skills and abilities to manage a business
How We Can Help
We can assist you with finding a specific type of business to buy amongst our many business for sale listings. However, only around 1.4% of UK businesses are actively for sale, and this can limit available businesses if you are after a particular niche or sector.
We can work with you to find businesses ‘off market’ (not actively for sale) that fit your criteria. Typically around 4% of ‘off market’ business owners acknowledge they are open to the potential sale of their business when contacted by our team.
Get in touch to discuss how we can help you find your ideal business.
Why Buy an Existing Business
Buying a business that has been trading for a period of time is usually considered to be less risky than starting a business from scratch. By reviewing the annual accounts of an existing business you can asses its profitability and future potential. A few other points to consider:
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- An existing business will already be bringing in revenue
- The startup processes such as marketing, projections, future business plans etc are already in place
- Most businesses will have a database of customers and suppliers as well as equipment and stock
- You know that the business is viable and a market exists for the products and services offered
- Mid to large sized businesses will have experienced staff that should make the transition to new ownership easier
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