There are many advantages to buying a business which is established. Most business buyers express an interest in pride of ownership, flexibility, and being your own boss.
To avoid the risks of start-ups or slow expansion.
To grow faster by acquiring new products, technology, or market share.
To acquire an established presence in a new geographic market.
To acquire undervalued assets.
To achieve the American dream of being self employed.
What is your professional experience?
Do you have the financial and operational background to own the prospective business you are pursuing?
Many businesses require special licensing in a trade. For example, an electrical contractor in some states requires five years of experience, testing, and accreditations by the state before you can acquire a license.
What are you trying to accomplish?
How much time do you expect to spend in the business daily?
What are your areas of interest?
How much are you willing to invest?
How much income are you looking for?
What size business are you pursuing?
What are your geographic or timing constraints?
Finding the right business to acquire can take some time. Are you under any deadlines to find a business rapidly?
Are your flexible on the location of the business?