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25 Nov

5 Reasons Why You Should Consider Buying a Business for Sale

If you’ve ever considered business buying, you know that it can be an incredibly lucrative and exciting way to invest your money. However, before you jump in head-first, make sure that you truly understand what it takes to buy a business and what the potential risks are if you do so without careful planning and preparation. Here are five reasons why you should consider buying a business for sale.

1) A buyer knows what he/she is buying

The first reason is that buyers know exactly what they are getting when they purchase a business. There are no surprises with what the company will look like or how it will operate in the future. When you buy an existing company, you are buying its name, its reputation, and all of its assets. This includes property, equipment, vehicles, inventory, and even any patents or trademarks on the company’s products or services. All of these things give you peace of mind knowing that when you buy this business for sale and put your money into it, you can expect to get your investment back in time through profits generated by the business.

2) Enjoy what you do

It can be tempting to start working on your business idea right away, but before you do, it’s important to take some time to really think about what you enjoy doing. This may seem like common sense, but it’s easy to get so caught up in the creative and entrepreneurial process that we forget this important step. If you don’t enjoy what you’re doing, then it will be hard to see things through, even when times get tough. Plus, did you know that according to a study by Oxford University it has been proven that happy workers are 13% more productive.

3) Established customer base

Buying a business will give you an instant customer base. Plus, it’ll be easier to manage your time and resources as you’ll have employees to help out. More often than not, the people who own these businesses are looking to retire and want to sell their business to someone who will continue on with the same vision that they had. This means you can use your skillset in new ways!

4) Easier to secure funding

Buying an existing business is easier to secure funding for than starting from scratch. The majority of banks require that entrepreneurs have some business experience, so buying an established company can help you get the money you need without having to start your own. Plus, it’s likely that the seller of a business has already gone through many of the steps involved in getting a new company off the ground, including developing an efficient organizational structure and hiring qualified staff. This means that once you purchase the company, all you’ll need to do is focus on managing it as you would your own business.

5) Lower failure rate

A major benefit of buying an existing business is the lower failure rate. When you buy a business that already exists, you inherit all of its knowledge and resources, which means that your risk of failing is much lower than if you were starting from scratch. Plus, you get to piggyback on the goodwill that the company has built up over the years. This means that there’s already an established customer base to help get your new venture off the ground. If you want to lower your failure rate as much as possible we recommend you check out this useful article by Forbes about the five frequent mistakes when buying a small business. This should help you avoid the most common mistakes people make when they decide to purchase a business for sale.

Conclusion

Buying a business is the best way to jump-start your entrepreneurial endeavors, and there are many reasons why you should consider this route. Whether you have an idea that needs funding or have been looking to start your own business, buying a business will provide you with the perfect opportunity. There is no need to worry about starting from scratch and being unable to get financing as long as you have a reliable plan. So if you’re considering buying your own business, we recommend you browse an online directory of businesses for sale. If you would like to learn more about buying an existing business for sale, then we recommend reading our other articles at IWebDirectory today to learn more about the benefits and factors to consider before buying a business.

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NewBusiness.co.uk

By Nathan advertising, Franchise Advice, free seo, Uncategorized 691 Comments Read more...

15 Oct

Best new franchises UK

What are the best new franchises UK?

So you are interested to set-up you own business, found franchising as a way to achieve your goal of self employment but what are the best new franchises UK?

Well before I can answer that question I need to ask you some first. You see when selecting a franchise and trying to find the best franchise for you it’s a very personal decision. For example if you are great with numbers an accounting franchise maybe idea for you, if you have great business & management skills then the best franchise for you could be a business consulting franchise. It’s a very personal decision when you buy a franchise and firstly you need to choose a franchise that suits both your skills & what you really enjoy doing. Once you have narrowed down your franchise choice to one or maybe a few different industry types you then need to consider the following

Investment level – What funds do you have to invest in a franchise? When you buy a franchise you need to consider not just the initial fee advertised. There will be other set-up and ongoing costs and all need to be considered when selecting a franchise. You also need to consider your own personal finances. Getting a small business off the ground takes time. It will take time for the business to make a profit & maybe pay you so how long will this take & do you have enough funds to cover your day to day expenses & bills?
Established or new brand – Should you buy an established brand or a new brand? Am established brand will be recognised and bring in customers but could also mean higher set-up costs & lower profit margins. Many established brands will also offer franchises to existing franchisees first, many never even advertise. A new brand could be a great way to start your new franchise. You will probably be able to buy the geographic area you want and they will be keen to make sure you are successful to enable rapid growth. Possible cons of buying a new franchise brand is lack of Franchisor experience and they will, initially anyway lack the brand recognition on the high street & with customers.
Latest industry trends – Trend can come & go fast. When finding the best new franchises UK you will need to consider what is hot now but also what is likely to be a stable business to make an investment. Trends come and go so you need to do your market research.
Work & life balance – The best new franchise for you doesn’t need to be the latest trend or indeed the most profitable. Work & life balance is becoming increasing important when people decide to own their own businesses.

Other fantastic franchise opportunities include care franchises, food franchises, and business opportunities.

I hope this has helped you to decide which are the best new franchises in the UK for you, good luck with your search.

Source: https://franchise-opportunities.co.za/

Source: https://franquicia-buscar.es/

By Joel Franchise Advice best new franchises uk, new franchises for sale uk, new franchises uk 18,701 Comments Read more...

23 Apr

Finding a Coffee Franchise UK Opportunity

Between 2007 and 2017, the number of specialist coffee shops in the UK more than doubled from 10,000 to 22,000. Each year, Brits now consume a staggering 2.3 billion cups of coffee at coffee shops – that works out to 45 cups for every adult in the country.

This insatiable appetite for caffeine has not gone unnoticed by entrepreneurs. In fact, many of the country’s leading coffee chains are franchises with thousands of hard-working investors putting their faith, and their money, in coffee. With the amount of coffee Brits are drinking going up year by year, it’s easy to see why opening a coffee shop franchise is a good opportunity for franchisees. Relatively affordable and potentially very lucrative, they offer investors the chance to get involved in an industry that’s very much on the up.

The cost of coffee

Coffee shop franchises come in a wide variety of shapes and sizes. While some franchises offer investors the chance to work under a household name and benefit from major national ad campaigns, others are less well known and are more focused on offering customers, and investors, a unique USP and distinctive character.

As a result, there’s not really a set coffee shop franchise price or even an average amount that investors will need to pay to become franchisees. In some cases, entrepreneurs will need to put tens of thousands of pounds into a coffee shop franchise to get it started. For their money, they’ll generally receive support from the brand in selecting an appropriate location, converting the premises, training staff and promoting their launch.

At the lower end of the scale, some coffee franchise UK opportunities can be purchased for just a few thousand pounds. Often these types of businesses are run from mobile premises or small cafes and franchisees will generally have a less well-known name to work under.

Who can invest in a coffee franchise?

Coffee franchise UK opportunities are open to pretty much everyone. No previous experience is required by the vast majority of franchises, allowing all fans of caffeine to turn their passion into their career. All that most investors will need to become a franchisee in the coffee industry is enthusiasm, motivation and the right level of financial backing. Although the potential customer base for most coffee shop franchises is large, it is a competitive industry, so franchisees will need to put a lot of time, effort and energy into their business if they’re going to stand out from the crowd.

Finding a coffee franchise UK opportunity

If you’re considering moving into the coffee industry, opening a franchise instead of starting your business from scratch will put you ahead of the competition. You’ll be able to launch your business under an already established name and take full advantage of the marketing and advertising efforts of the franchise when building your brand.

Details about many of the top coffee franchise opportunities are available on our site. Simply take a look through the listings to find a business that suits your geographic area, your budget, and your skillset and then get in touch to begin the application process.

To find out more about the franchise industry, or to begin looking for the franchise opportunity that’s right for you, take a look around our site today.

By Nathan Franchise Advice coffee franchises 12,367 Comments Read more...