One of the fastest and most effective ways for buyers and sellers of businesses to connect is by leveraging off business for sale sites such as Gumtree.
Believe it or not, there are thousands of established opportunities for sale right now! All around the country, you can snap up a business in a huge variety of industries from beauty, to tourism and even retail.
How to find the right business to purchase
Using Gumtree to source a business means you can take advantage of a simplified searching process. You can very easily discover listings by price, industry and location and then connect with anyone that meets your search criteria.
What to consider before you buy
Remember before you purchase any business, it is imperative that you always perform thorough due diligence. With so many to choose from it can be tempting to get caught up in the excitement of it all.
• Make sure you never make emotional decisions.
• A business needs to be perfect for your financial situation, your passion and your lifestyle.
Naturally, the seller of any business is going to make it as attractive as possible. Similar to real estate, it’s a good idea to have an impartial third-party come in and take a look at the books to ensure it’s kosher. Make sure you ask the hard questions too.
• Why is it being sold
• Annual revenue
• Estimated cash flow, and
• The number of years that it has been in business.
Some business opportunities seem too good to be true and unfortunately often are. The more digging you do the better and if it does not tick all the boxes, walk away. You’ll be able to find an even better deal just around the corner.
Benefits of buying an existing business
There is nothing more satisfying than setting up your own business, however there are many benefits to purchasing an already established one too.
You don’t have to do as much legwork getting all of the legalities organised and if product sourcing is a requirement then chances are there will already be a good relationship established.
Buying a business means you can move right in and consider making the changes you want to make.
Businesses for sale on Gumtree
If 2015 is the year in which you want to make a change and become a business owner, take a look at the enormous range of businesses for sale online today.