When deciding how to invest it is important to take into consideration several aspects. Setting up as new business versus acquiring an existing one is one of the most important decisions.
An established business is a business opportunity that is currently in operations, active and functioning business. It could be any kind of businesses: gyms, hair salons, gas stations, restaurants, e-commerce just to mention some. When buying an established business the new owner gets the wholesome of the business.
Why anyone would prefer to buy and established business rather than starting a brand new business from scratch? see some of the benefits of this option:
- With an established business, the new owner will start operations with a known clientele reducing the time for investment return.
- The investment in equipment should be lower, just some accommodations and small investment is usually required before starting operations.
- Usually, previous owner stays for a while and trains new owner, introducing suppliers and clients for a smooth transition.
- Permits and licenses usually requires time and money when starting a new business, with established businesses you don’t need to worry about the business permits and licenses in most cases.
- For immigration purposes, an established business that meets the requirements for specific types of visa can help in the process of obtaining it.
At XL Business Brokers we can help you in the search of an established business that fits your investment needs: budget, location, type of businesses, owner involvement, and other. Our expert and professional team is ready to assist you in your new business opportunity quest.
