Find A Business

When purchasing a business there are several details that need to be taken into account

Knowledge: Some businesses require knowledge of a specific trade and others just require basic management skills.
Good Will: When you buy a business you’re buying “good will.” Good will is the loyalty of the businesses clientele. A business like a restaurant is volatile because the “good will” can change quickly when a different chef takes over or new management is introduced. Businesses like coin laundries are less subject to change because of new of ownership.
Stock: Another important factor is that goodwill and stock are sold separately. For example, a liquor store sale may include cash registers, icemakers, and refrigerators in the sale price of the “good will,” but the merchandise is sold separately at an agreed amount. This amount is usually the amount paid for the goods, or wholesale value. This applies to any retail business.
Financing: Financing a business is difficult. There are very few methods of obtaining financing for the purchase of a business. The SBA or Small Business Administration can sometimes be a helpful source for information. The seller of the business will sometimes finance a portion of the sale, holding the business and/or equipment as collateral.

The best way to find a business is to contact a Worldwide Select Group Associate who specializes in business sale. As a buyer, you do not pay to have businesses that match your criteria and expectations shown to you.

Please Read WSG's Disclaimer of Liability