Advantages & Disadvantages of Buying a Franchise Are you considering buying a franchise as an option for your business? There are both advantages and disadvantages to this, as with many things. In order to make the right decision about whether or not to buy a franchise , it is necessary to understand the pros and cons associated with doing so. Table of Contents Advantages Brand...
Business Tips
How to Buy a Business With No Money So you want to become your own boss and run your own business? You have the skills and ambition necessary but don't have the capital needed to start up on your own. What should you do? Well, one option is buying an existing small business and running it as if it were your own. This will give you time to build up funds for expansion until such time...
How to Write a Good Business For Sale Ad A well written business for sale ad is the first step in getting potential buyers and could make or break a business for sale campaign. It is important to get it right.This article provides some tips for writing good business advertisements and what to include in them. 7 Tips For Writing an Effective Business For Sale Ad Use a...
Considerations To Make When Buying An Existing Business Deciding to purchase an existing business requires that you evaluate the benefits and disadvantages, even its history, which predicts the viability of the venture in future. Crucially, an excellent operating history can heighten the probability of a flourishing business and facilitate easier financing. On the other hand, a poor...
How Do I sell My Cafe or Restaurant Quickly? So how long does it take to sell a cafe? The average cafe sells within 3-4 months but there are some which stay on the market much longer than than the average. In order to avoid having your cafe or restaurant just sit on the market, you need to make sure you start preparing it for sale and make it attractive to potential buyers BEFORE it...
Business Broker Acronyms Used For Selling Businesses Trying to understand all the lingo when you first start to look for a business to buy is already difficult enough but it gets even worse when business brokers include the use of acronyms in their business for sale advertisements. Fortunately, we've compiled a list of the 12 most common ones you will see and even took the time to write a definition to...
Buying a Cafe - Tips & Advice Running a café may seem like a great sea change compared with your standard 9-5 office job from the outside, but like most other businesses out there, it’s mighty hard work even though it can be financially rewarding if things are done right. In order to increase the chances of success and a good return on investment, you need to know what to...
How to Value Your Business Business brokers and accountants use a number of methods, you should keep in mind though that all valuation methods should be used as a general guide only. At the end of the day, a business is only worth what a buyer is willing to pay VS what the owner is willing to sell it for. Asset Valuation Method Asset valuations can be completed going on a 'going concern' basis or...