There are numerous advantages to buying an existing business, including:
- Immediate Cash Flow from the Business
- The Difficult Start-up Work has Already been Done
- A Market for your Product or Service is Already Established
- Established Brand & Marketing Strategy
- Existing Employees and Managers will have Experience they can Share
- A Business with Established Business Operating Systems
- Procedures and Systems in Place
- Established Customer Base and Referral Business
- A Business with Established Suppliers and Credit
- Existing network of contacts, goodwill, plant, equipment, and stock
- Financial History and proven Track Record makes it Easier to Obtain Loans and Attract Investors
- Possible Seller Financing with the Business
- Many of the Problems will have been Discovered and Solved Already