Why should anybody consider buying an existing business instead of starting a new one?
An existing business has a history and typically has the capacity to generate income from day one, that helps you recover your investment. Successful businesses tend to be the ones that have been operating for a period of three years or more.
In additionally, the buyer receives the inventory at cost. Finally, the buyer obtains all the assets such as furniture, fixtures, equipment, trade marks, IP, and copywrites with there down payment. In most cases the owner of the business will hold a seller note, there by becoming the banker in the deal.
What Does EMPIRE Business Brokers Offer You?
An advantage in buying an ongoing business is that you, as the new owner, have an immediate cash flow and an established customer base. You do not have to build a business. You simply take over an existing successful business with the present owner's assistance.
EMPIRE assists you in obtaining financing. Banks are reluctant to finance business purchases for several reasons. First, all small businesses attempt to minimize profits shown on financial statements to reduce tax liability. Also, a bank cannot manage a business if foreclosure becomes necessary. Therefore, over seventy-five percent of business purchases are financed by the owners, which demonstrate their confidence in the business ablity to substain itself.
Unlike the sale of real estate or franchises, the sale of an ongoing business is very confidential for both the seller and the prospective buyer. All inquiries are held in strict confidence. Meetings are confidential, and we are available after hours and on weekends.
EMPIRE continually updates its business listings in order to offer buyers and future entrepreneurs options that suit their tastes and preferences, as well as their investment possibilities.