How to buy a ready-made business
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If you are determined to become the owner of your own business, but do not want to start the process from scratch, you can consider buying a ready-made business. Having bought a ready-made and really working business, you will save yourself from a lot of organizational worries. That's just to approach the choice of business and its purchase should be responsible.
Instruction manual
1
Start by identifying the type of business you want to own. Determine in which area your knowledge is sufficient to understand the processes occurring in the business and to imagine what is actually happening there. Today, there is a steady demand for beauty salons and small catering facilities (for example, cafes). Car washes and car services are also popular.
2
Determine how much you can invest in the purchase of a business and the subsequent development of production. The fact is that the cost of buying an enterprise is not the only costs that you, as the owner of your business, will incur. Any well-established production of goods or services requires regular investments in equipment, consumables, and staff payments. Revenues from business can not always provide the necessary financial resources. Think about third-party sources of financing, such as bank loans.
3
Business requires professional evaluation. It requires special knowledge and the ability to analyze the financial documentation of the enterprise. If you think that your knowledge is not enough, seek help from specialists who will help you correctly assess the real value of the business you are acquiring and the prospects for its development. The main factor in determining the value of a business is net profit, that is, the money that a business owner can withdraw from an enterprise. An essential factor in the formation of the total value of a business that should be paid attention to is the qualification of personnel and their manageability.
4
There are several ways to transfer ownership of the acquired enterprise:
- replacement of founders in a legal entity representing a business;
- Creation of a new legal entity with the transfer of business assets to it;
- sale of the enterprise as a property complex;
- sale through liquidation.
5
An important factor for Russian business is personal acquaintance. To be sure of the reliability of your purchase, you will need the recommendations of third parties who are familiar with both parties involved in the transaction. On average, the services of a consultant providing intermediary services in acquiring a business cost up to 15% of the transaction amount.
