Buying A Business
If you've considered being your own boss and creating your own financial independence then purchasing an existing business can save you time and money. There are many advantages to buying an established business, versus starting one from the ground up. These include:
- Immediate cash flow from ongoing business activities
- Trained employees in place
- Existing customers and referral base
- Established location
- Established suppliers
- Existing licenses and permits
- Sellers support and training
- Revenue from day one!
Compare this with the high risks of start-up businesses. Government surveys show that a majority of new business start-ups fail within the first three years. On the other hand, an established business that is purchased by a new owner shows a considerably lower failure rate.
So, if you’re thinking about buying a business, talk to us. At Allied Business Group we’ll help you to understand what to expect when buying business. Together we’ll consider if buying is right for you, answer the most-asked questions, and identify what to look for in a business sale.
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