Many people in today’s generation have realized that working for somebody will always remain a constant loop of changing from one job to another to find a better opportunity. Most of these people have started to understand that instead of looking for a better opportunity, why not create the opportunity themselves and delve into the world of business. Partnering up with their friends to create start-ups or simply going solo with their business ideas, young aspiring entrepreneurs have become bold risk-takers however, not all risks pay off in the end. The ratio of start-ups failing is considerably high due to naivety, lack of capital, and very little to no business sense. Then there are those entrepreneurs that take calculated risks and start their business journey by searching businesses for sale near me or even local businesses for sale near me.
Businesses for sale near me – Too many options to choose from
Finding a business for sale by owners has never been so easy. Searching for businesses for sale near me is the fastest way to having your own business without any hassles associated with starting from scratch. We will discuss in detail the differences between starting a business yourself or searching for businesses for sale near me to buy later on. However, here we will explore some of the options on where you can purchase an already existing business. These websites will have you conclude your search for a commercial for sale near me, business property for sale near me, or even businesses on sale near me.
Bizbuysell.com is one of the largest platforms to buy and sell businesses across the states so if you’re looking for businesses for sale near me, then look no further. The marketplace has conducted over 100,000 transactions since its existence and continues to draw attention from website visitors with over 10.7 million page views.
The website currently has more than 45,000 active listings for you to choose from giving you enough options. Users can search for businesses on their intuitive website by choosing the location they wish to buy a business in and the industry they want the business to be operating for example you can search for a business for sale in Los Angeles. The website also gives an option to choose between a business and a franchise as well.
Once you’ve searched for what you are looking for, the website will show you several options with every option having a price tag, the amount of cash flow it makes, and the option to contact the seller. If you wish to see more details about a particular business, simply click on the business and the page will give you additional information about the business to help you make up your mind. You will see information like gross revenue, EBITDA, FF&E, inventory details, and the rent that needs to be paid to keep the business going.
You can also read about what the business is, what it does, how its operations are, and all other necessary information to help you make up your mind and conclude your search for businesses for sale near me.
Bizquest.com is another one of those platforms that you may have come across during your search on businesses for sale near me. The website has two options for users to search, businesses for sale near me or franchises. The page shows a section with featured businesses which shortlist some of the best opportunities from all of their business listings.
You simply enter the location and the industry, the website will show you hundreds of options from thousands of their active listings. For example, if you’re looking for businesses for sale in Houston, select Houston from location and select the industry and the website will give you all available listings for Houston. Each business has a small description and an asking price. There are two options available, contact the seller or view details.
If you’re looking for some details before you can conclude your search for businesses for sale near me, then hit view details and the website will provide you with the gross revenue, EBITDA, inventory, FF&E, number of employees, rent, business description, and more.
If you’re ready to conclude your search for businesses for sale near me, hit contact seller. You will be asked to fill a contact form with details like your name, email address, mobile number, and the message you want to send to the seller. It is fast, effective, and efficient.
Businessbroker.net has more than 30,000 active listings and is almost similar to the ones mentioned above. What makes Businessbroker.net different than the previous ones is the amount of filtering they offer to help users shortlist their dream business.
If you’re looking for a small business for sale near me or a commercial business for sale, the website will help you with that with their filters where users can select the price range and the business category. If you’re not sure about financing or the business deal, in particular, don’t worry as the site has experts that you can get in contact with who can help you make the right business decision. Besides the available options for businesses for sale near me and franchises for sale, there is also an option to help you find a broker too.
You’d be surprised to find out that Businessesforsale.com is the world’s largest platform to buy and sell businesses. The website not only shows the best businesses to buy but also popular business categories allowing users to explore different opportunities. The best thing about this website is that it provides details for buying and selling business across the globe hence if you’re looking to expand your presence outside of United States, this is how you can get started.
Some of the locations you can go through are Dubai, Malaysia, the Philippines, Italy, and Brazil. The website has a lot of resources for those who are not business savvy. There are blogs on buying businesses, making decisions, financing business, and more helping those who do not have a business acumen to make an informed decision.
Businessmart.com has a sort of a yellow page type vibe as the website may not be as aesthetically pleasing as the others mentioned on our list but it gets the job done just fine. With its simple user interface, those looking for businesses for sale near me can search for businesses according to location and business category. The website also has several resources that users can draw information from to help them decide and shortlist the best businesses to buy.
There are many other online marketplaces where users can search for businesses or even sell their existing businesses, however, those mentioned in our list are some of the largest ones and will be more than adequate to help you find the best businesses to buy. The question now remains, should you search for businesses for sale near me or start your own business?
Start a business from scratch or buy an existing one – Which one is better?
Before many start their search for businesses for sale near me, they think about starting their own business. However, with the risk involved and fear of losing a lot, the majority of the people prefer to buy an existing business with a positive cash flow. Why is that?
Although there is nothing better than starting your own business and seeing your business succeed, it can be a daunting and challenging task. Growing your business organically can take a lot of time and effort and also present distinct disadvantages.
The thought of starting a customer base from scratch, or the idea of running scheduled marketing campaigns, or hiring the right workforce is not everyone’s cup of tea. But then again, no business can easily be set up overnight. It takes time and commitment. You may also find yourself searching for property for sale for business or property for rent for business as you would need some office space to conduct business activities.
Due to all these risks, time, and efforts that need to be taken, many resorts to searching businesses for sale near me. Buying an already existing business that makes sufficient money seems like the hassle-free way to start your own business. You don’t need to go knock on doors to gather clients as the business already has an established customer base and the business already has employees who know how to run it.
All procedures and policies are in place eliminating the need to re-invent the wheel at the workplace as the business is already generating positive cash flow. Does that mean that one should prefer searching for businesses for sale near me instead of starting their own business?
Pros of buying an existing business
Finding finance for an existing business is much easier than finding finance for a start-up. To get finance for a new business, you need to prove the business model to the financiers or the bankers, however, with existing businesses the business model has already been proven and the cash flows are there. This makes it easier for bankers to lend money as the risks are certainly lower than starting your own business.
Buying an already existing business also provides you available information about the business, the industry, competitors, and more. You also get access and rights to any patents or copyrights the business has on its books.
Drawbacks of buying an existing business
Buying existing businesses does not come without its fair share of challenges because if it were so easy to buy an already existing business, many would’ve taken that route. However, the amount of capital required to buy a business can be more than what is required to start a business. You can start your business as small as you want to depend on your financial strength, however, you would need to splurge a good amount of cash to buy an existing business. If you’re thinking of creating a business yourself, an LLC would be your best bet when talking about the legal business establishment. You can check out LLCguys.com for some great LLC creation guides and LLC service reviews.
You may also find that the business you purchased has obsolete stock that no one wants to buy. This can set you back financially as now you have stock in your business that is very difficult to sell. Sitting stock can cost you thousands of dollars as you have to manage it and allocate space for it.
You may even find yourself in a situation where employees are not happy with the new management. Employees may start to become uncooperative and demotivated leading to loss of productivity which may impact the business negatively. Or perhaps the “best practices” are outdated and the business might need new policies to ensure efficiency.
There are risks involved in both, buying an existing business or starting a new one from scratch. You need to analyze these risks and see which one suits you better. Many prefer starting their own business as it is a journey of a lifetime with so much learning involved while others want to sit back and enjoy the cashflows of an already existing business.
Buying an existing business or investing in properties – Which one is better?
People that search for businesses on sale near me also look for commercial property for sale near me. The idea behind buying a business or property is to gain or profit financially. Some prefer searching for commercial property near me as a great investment opportunity because real estate is limited in supply and as time goes by and development restricts the available real estate, prices will shoot up. This is the moment many investors wait for.
Investors invest money in commercial properties or go on a search hunt for commercial real estate for sale by owners or even consider searching for industrial property for sale near me to expand their property portfolio. Once they’ve completed their portfolio, they play the waiting game. As markets rise and real estate property value goes up, investors with commercial properties sell their properties or even rent them out to make huge gains.
This is easier than running a business with day-to-day issues that you need to give time to. However, investing in real estate is not a running business but an investment portfolio, and just like any investment portfolio, you need to spend money maintaining it. If you don’t have income or an already existing business to provide for your lifestyle and maintain these properties, then you may find yourself in deep financial worries. Investing in properties requires hefty capital and patience and not everyone is willing to go down that route.