Many people dream of starting up and owning a business. However, it can be extremely difficult to do so in the current financial climate. Hallmark Business Brokers has a solution – purchase an already-established business! We’re here to guide you through the process and explain exactly why this is the right move for you.
One of the most significant benefits of buying a business is the built-in customer base that comes along with it. Building your client base is a time-consuming and often expensive process. Purchasing a business that’s doing well means all of the marketing has worked and they have repeat customers who will continue to support the business by purchasing products and services.
The biggest issue many potential start-ups face is a lack of money. Pre-existing businesses often allow for better financing options. If you can showcase the success of the business and future projections, banks and funding partners are much more likely to supply a loan at a reasonable rate. Personal loans, bank loans, and Small Business Administration funding are all options to help you make your purchase. You’ll also be able to check out seller financing and leverage the assets of the new business to help you with the funding.
Saving money wherever you can means there’s more to put back into the business! If you buy a running business, you’ll be saving big on startup time and costs. There are a huge number of items to tackle when starting from the ground up like building websites, marketing, networking, accounting, interviewing and hiring staff, filing paperwork, and much more. If all of these things are already taken care of, you can hit the ground running rather than having to focus on the first steps that new businesses can’t skip.
Lastly, the time to buy is now! We’re currently in a “buyer’s market” meaning you’ll get the most bang for your buck. Rates are the lowest they’ll likely be for years, as interest rates continue to rise in an attempt to balance out inflation. Take advantage and start the buying process today!
Hallmark Business Brokers is here to help you with every step of purchasing your own business. We also assist with selling and business coaching to help ensure that your business succeeds and makes you the profits you’re after! For more information, give us a call at 941-445-4726
. We are conveniently located at 230 Tamiami Trail South, Suite 1, in Venice.