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BizSales - Business Brokers
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What type of Business to Buy
Deciding on the right type of business to buy

Ideally your business needs to fit your own skills, lifestyle and aspirations. Before you start looking, think about what you can bring to a business and what you'd like to get back.

List what is important to you. It is useful to consider:

  • Your expectations in terms of earning - what level of profit do you need to be looking for to accommodate your needs?

  • Your commitment - are you prepared for all the hard work and money that you will need to put into the business to get it to succeed?

  • Your strengths - what kind of business opportunity will give you the chance to put your skills and experience to good use?

  • The type of business - limited company, partnership etc - that you're interested in buying.

  • The business sector you're interested in - learn as much as you can about your chosen industry so you can compare different businesses. It's important to take the time to talk to people already in similar businesses.

  • Location - don't restrict your search to your local area. Some businesses can be easily relocated.