When asked the question, “Should I Buy A Business?”, our answer is always a resounding YES! Can you afford it? Probably more than you think. WIll it provide you and your family financial freedom and security? With proper management and training, yes.
Yes, you should buy that business. Let Transworld Cleveland West business advisors help you through the process!
Upfront Investment
It’s no secret that buying an established business requires a large investment up front. But if you can manage the capital, the reward of immediate cash flow, trained employees, and a solid foundation is worth considering.
Buying a business has advantages that starting a business from scratch does not offer.
Building a business from the ground up means you’re stuck with the initial start up that takes a really, really long time. Training employees, building a cohesive and powerful brand, establishing yourself in the community, and more. When you purchase a business, you inherit all of the systems, processes, employees, goodwill, and branding. This saves you time, money, and allows you to focus on other important aspects of the business - like growing the value of the company that can eventually be sold for a profit.
Ready to make the jump? Search our listings.
Cash Flow
Which scenario sounds more appealing?
1) have immediate cash flow, usually enough to cover the business loan, draw a salary, and revenue left to grow, or 2) wait a minimum of 3 years to take a paycheck with no guarantee of success
If it was up to us at Transworld Cleveland West, we’d choose the first option! With a smooth transition and properly structured interval venture, you’ll be able to immediately use the cash flow of the business to fund the loan, your salary, and have some extra cash to grow and invest. Transworld Business Advisors of Cleveland West can help you acquire the business that’s right for your future!
Foundational Advantage
An already established business has a foundational advantage. When you acquire a business that has built brand recognition through existing marketing, clients, employees, and vendor relationships, you have a higher chance of succeeding in business.
It may surprise you to know that financing an established business is more tangible than raising funds for a start-up. The bank has a financial history to look at, and if you have experience in the industry or as a business owner, the choice to loan your business the money makes sense.
When you have a business broker on your side, the process of buying a business can be seamless.
Trained Employees & Established Systems
Quality team members are a valuable asset to every business. Having trained employees means the business is in good hands, and relieves you of some responsibility so you can focus on other things like strategizing your next growth opportunity.
When you buy an established business, you inherit operating systems and platforms that support company operations. As an outsider, you have an opportunity to identify processes and systems that could be improved and run more efficiently.
Transition
A smooth transition is important for employees, clients, and business owners alike. It is up to the two of you to figure out a way to make the process seamless for everyone. Quality sellers are willing to help you with transition. They offer guidance and training, introductions to important clients, vendors and other service providers, along with possible seller financing.
It’s important to be able to identify these quality sellers that are motivated and willing to be a part of the transition.
Not sure what a quality seller looks like? We’ve worked with businesses on finding their perfect seller match for more than 40 years. Let us help!
Believe it or not, buying a business is more tangible than you think! Even with a changing economy, there’s one thing to be sure: the price of quality small businesses continues to trend upward.
When you’re ready, it’s time to call us to talk about your next steps of buying a business.
