You dream of owning a business and experiencing its many benefits – freedom, power, wealth, and fulfillment. But you don’t want to start a business on your own. There’s too much risk and uncertainty. Plus, you don’t know what you would want to do that could be successful. Instead, you want to find an existing business or a proven business idea that you can operate successfully. But the million dollar question is: “Where do you find it?” There are several methods of finding a business to buy, and each has its own benefits.
Here are some options to consider: Word of Mouth This method of finding the perfect business to buy is very much chance-based and consists of someone telling you about, or you driving around and seeing, a business that is for sale. Due to its nature, you are exposed to a very limited number of businesses. And unless you are very lucky that one of the few discovered in this fashion is exactly what you want, this method is not very effective at finding the perfect business to buy. Classified ads in the local newspaper The old-fashioned method of finding a business to buy is to look in the classified ads in the local newspaper and see if any catch your eye. This is a very difficult way to find a business to buy for several reasons.
What are you looking for?