Selling a Business

Entrepreneurs need their own team to navigate the sales process.

Reasons to Buy an Established Business

posted by: Brian Caldwell
Aug 17, 2016 8:31:00 AM

As an entrepreneur, you know the drive and the passion you have for business. And when it comes to becoming a business owner, you’re sure that’s the path you wish to take. However, with that path comes the choice of buying an established business or starting your own. There are pros and cons to each, but for many people, the pros are identified firmly within the buying side. Here’s an illustration of why buying an established business is the right choice.  

 

The Financial Aspect

When it comes to financing your business venture, buying an established business might serve a self-fulfilling purpose for other people. What does that mean? Investing in established businesses can be as profitable for investors as running them. If your investors are looking for opportunity without as much risk, backing an established business is the right venture.

Speaking of revenue, startups have a necessary ramp up period before revenue can be recognized. And even when revenue starts accruing, it can still take more time for it to be recognized as profit for you, or your investors. An established business will fast-track your financial time line.

 

The People

An established business usually comes with two things: employees and customers or clients. Because you’re buying an established brand, there are people on board who are familiar with company history, goals, and processes. Even if there is much to be done to restructure or align as you take over, it helps the transition by utilizing the existing infrastructure. Conduct due diligence where your team of trained employees are concerned to determine strengths, hierarchy, and opportunities for growth.

If you’re buying an established business, its clients and customers are part of the transition, too. Less of your marketing strategy has to be focused on finding these individuals if this is the path you take. Be upfront with the people who already buy or benefit from your company, and conduct research on their needs, buying habits, and brand loyalty.

 

 

Minnesota Based Event Production Company

This one-of-a-kind outdoor and movie event provider specializes in turn-key entertainment services in the Twin Cities and all surrounding states. This business has experienced consistently growing sales and earnings over the past 3 years. They are experts in planning and execution of events that are family friendly, inspire community unity, and add value for community events. View Listing 

Full Service Med Spa Located in Twin Cities Metro

Full Service Skin Clinic and Med Spa in busy shopping district for sale.  View Listing 

Arden Hills Restaurant in Prime Location

New, family restaurant / bar with a proven brand history View Listing 

Recognized Branded Sub Sandwich Franchise

This profitable and growing business is positioned in a high traffic retail area located within a thriving community in the southern Twin Cities area. This turnkey business is a staple in the community and has ready access to schools, consumer shopping and businesses. View Listing 

Branded Sub Franchise in High Traffic Location

This turnkey business is a staple in the community and has ready access to schools, consumer shopping and businesses.  View Listing 

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