Finding a business and the money

Business brokers will be able to help you find businesses in this market that are for sale. The cost of buying a business or franchise is related to the customer base, the reputation of the business and the profitability. Starting one depends on how quickly you want to grow and the number of customers you can sign up to use your service. In either case you will need some money to run and own the business. The business will dictate how much is needed. Once you find a business for sale, the negotiations will be critical if you need the help of the current owner in order to make the purchase. If this is the case, the price will probably be higher to buy the business. Other sources for coming up with the money are relatives and friends, the bank and business lending. Each source has its own problems and pluses. The real meat of the matter is how much extra you will need to make the deal.




Several concerns with this business are apparent. Can another owner assume the customers under contract? How much longer are the contracts in force? Is there a continuation clause in the contract that controls the fees that are charged to do the work? Is there a sales person that is responsible for getting new clients or was that what the old owner did for the company? This is important if the new owner is not a sales type of person. Someone has to speak for the company and make the company grow with new clients.