BUYING A BUSINESS:
Purchasing a profitable business can be an exciting and fulfilling undertaking. This can mean an immediate return on investment and the convenience of taking over a positive cash flow business. However, investing in a business involves making sure the business is profitable and a perfect fit for you. Having an experienced business broker in your corner is the key to a successful transaction. Atlantic Business Brokers has assisted many clients in the business purchase process. We help define which type of business is the best fit for you and then assist with the transition into it. ABB offers no-charge consultations in strict confidentiality.
PURCHASING AN EXISTING BUSINESS:
Buying a well-established, profitable, business has some excellent advantages over starting a new business on your own. Some of the biggest advantages are being able to review past financial information, such as P&L statements, tax returns, and balance sheets. You also have Seller training, an established name, preexisting accounts, a built-in customer base, and trained employees. The biggest advantage to purchasing a business is IMMEDIATE CASH FLOW. When opening a business on your own it can take months or even a couple of years to see the slightest profits. A government survey in 2019 showed that 65% of new businesses fail within the first three (3) years. An established existing business that is purchased by a new owner shows a much higher success rate.