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Profitable - Contemporary Indian Restaurant Franchise Serving Award Winning Cuisine
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Ontario Master Franchise Available!
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Home Improvement
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Advantages of Buying an Existing Business Compared To Starting a New Business
Advantage to buying an existing business tips The business is up and running from day one, the “new business” costs and frustrations are bypassed.
Established customers / clients and suppliers are in place from day one.
You have the opportunity to review actual financial statements rather than projected financial statements.
Trained employees, equipment, inventory, chattels, fixtures, systems and processes are in place from day one.
The seller of the business may lend support during the transitional stage into business ownership which for many is exciting yet may be overwhelming. The seller / previous owner can act as your initial business coach.
More financing options are available either through financial institutions or even the seller directly.
Higher chance of success – the “start-up” business guessing game is eliminated.
Reputation, credit, trust, respect and business name / brand are established from day one.
A formula for success is in place, especially when buying a franchise.
Your focus and energy can be spent on improving efficiencies and profits.

Tips on Buying and Selling a Business
Business Buyers

Business Sellers

Tips for buyers of business Choose a business that really interests and excites you – passion is a key ingredient to success; Tips for sellers of businesses Sell when the business is doing well and the business sector is lucrative. Selling the business as a successful “going concern” will yield the highest sale price;
Tips for buyers of business Determine the best plan to finance the purchase of a business. This will be negotiated with the Seller, but it is good to have an idea of how you intend to finance the business purchase beforehand; Tips for sellers of businesses

Determine the market value of your business - ideally by a professional business valuation specialist;

Tips for buyers of business Meet with several banks to determine which one wants your business the most; Tips for sellers of businesses Gather all key information that any prudent buyer will require and ensure that the information is up to date;
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