Statistics show that owning your own business is the fastest way to financial independence, along with the lifestyle and freedom that come with successful business ownership. And purchasing an existing successful business with trained employees, existing client and supplier relationships, and a proven concept and location can be your “Advance to GO” card.
You typically gain:
- A proven business model;
- An established customer base and reputation;
- An immediate cash flow from ongoing business activities;
- Actual operating results, rather than projected results;
- An immediate return on your investment;
- Established credit history and relationships with vendors;
- Trained employees;
- Existing operating systems, licenses and permits;
- Seller-provided training and financing.
High rewards for low risk
Why buy a business? Purchasing an existing business lets you take control of your own destiny with low risk and high rewards.
If you buy an existing business, there is a greater than 95 per cent chance that the business will still be in business after five years (provided, of course, that you buy it right). On the other hand, only 35 per cent of those who start a business from scratch succeed.
The ability to substantially enhance the value of a business then sell it tax-free is a great addition to the regular income and dividends that ownership of a small business can provide.
Many of our clients are first-time buyers. We understand that educating and guiding you step-by-step through locating, valuing, financing and buying a privately held business will be important to your success.
We will help you understand the real value in the different businesses you look at, with the focus on finding the right business for you.
Looking for a business without open-market competition?
If our current business opportunities do not meet your requirements, Sunbelt also offers an optional fee-based service to conduct a targeted search for businesses in the marketplace.
Re-inventing Yourself as a Small Business Owner—Tips for Baby Boom Buyers