7 Top Reasons to Consider Buying an Existing Business in the U.S
7 Top Reasons to Consider Buying an Existing Business in the U.S
JUNE 22, 2021 | BY AMICUS INFINITUM
Your decision has never been right!
Buying an Existing Business in the United States has so many advantages that you can't pass up the opportunity to expand and grow your business in the American market.
Therefore, to support you in this big step, we have brought you the seven main advantages of buying a business in the United States.
Top # 7
Growth and expansion of your business without starting from scratch
If you are a successful entrepreneur, one of the things that motivate you the most is your desire to grow and expand your business quickly and safely.
And one of the best ways to do this is through the purchase of an existing business.
It allows you to immediately achieve significant growth in customers, products/services, revenue, cash flow, assets, suppliers, channels, talent, and other aspects depending on the sector you choose.
You don't have to wait to see these results when you are starting from scratch.
Your new company offers you an immediate position in the market that will allow you to continue growing.
In this sense, the most effective strategy for business expansion and growth is buying an existing business.
Top # 6
It is way faster than organic growth
When you buy an existing, well-established company, you are purchasing a proven business model that works, so you are avoiding the learning curve that a new company starting from scratch goes through.
In contrast, when you acquire a new business, you must not only spend time on the various preliminary steps: such as inventory, finding suppliers, hiring employees, and determining a location, but you must also show that they are suitable for you.
In addition, there is much paperwork to complete, permits to obtain, and lawyers to consult.
All this, before opening its doors to customers.
However, when you buy an existing business, you don't have to deal with start-up paperwork because somebody else already made that effort for you.
As you can see, it is a great advantage to skip this whole process and reduce the start-up time.
You'll save time, money, and energy so that you can focus on other aspects of your new business and its growth.
Top # 5
Inheriting productive systems is better than building them from scratch.
You'll find this great!
When you buy an established company, you will inherit all its systems, processes, relationships, talent, services, products, intellectual property, and audiences.
Imagine, how many times do you need to build them from scratch?
The good news, you will get:
You can acquire an already recognized brand in the market.
Depending on the time and type of company, you also get its reputation through marketing, social networks, and their endorsements, references, and credibility.
Established Customer Base
You acquire an existing customer base, which will continue to make purchases under your ownership.
So you don't have to spend time and money to promote your business and convince customers to buy your products or services.
Established network of contacts
They also have existing business relationships between vendors and suppliers and other stakeholders.
Having all this will undoubtedly save you the time it would take to start from scratch and try until you choose what works best for you.
Additionally, you have the advantage that the salespeople who have been working for the company for a long time usually know what works well and what can be improved. So you can receive their support to keep improving.
Processes optimized
You can also inherit an excellent system with all its processes optimized and backed by documentation so that you can start operating in a relatively short period.
Current Staff
You can get employees who already work there to stay and work for you. You won't have to train them, and they can support you if you are new to that type of business.
All this will undoubtedly allow you to manage your new business as efficiently as possible.
The good news, you will get:
Established brand
You can acquire an already recognized brand in the market.
Top # 4
You obtain an immediate cash flow without the long waiting of a ROI from organic growth.
When buying a business, the money is already flowing. You will not have to worry about waiting two or three years to start generating revenue, as happens when you start a business from scratch.
Taking over an established business means that money has already been flowing for several years. So likely, there will not be a disruption in cash flow.
You can be sure that the business will pay its bills and make a profit.
Top # 3
More peace of mind, you'll be free from the stress that comes with organic growth.
If you are looking for peace of mind with your investment, your best option is to buy an existing business. This way, you can put aside all the stressful things associated with starting a new business and growing it gradually.
Let's see:
An existing business generally has long-term contracts with suppliers and customers. You don't have to worry about building relationships. Plus, you know that the products the company buys are proven products. So you can rest assured, you know they will work.
By acquiring an operating company, you have the assurance that you will have regular income every month. You do not have to worry about cash flow.
On the other hand, there is already a business plan with a clear objective, which will give you a sense of direction and organization. A foundation on which to build, improve while everything continues to work.
Finally, Suppose the company you buy has an excellent financial history, which as you know is as vital as good sales. In that case, you will get the financial backing you need from a bank or a supplier without any problem.
This guarantee will give you peace of mind if you need financing or credit since you will not have to look for other ways to prove your solvency. Something that you must do when you have a newly created company.
As you can see, buying an existing business will give you the peace of mind you need to focus on growing your new business.
Top # 2
Financing an existing business is more accessible than a start-up.
When you buy a company, lenders and investors will consider your financing request as low risk.
You may wonder why?
Because firstly, there is less risk in financing a company that has already demonstrated that it can generate revenue. Secondly, there is already a track record of financial performance.
In the second case, the financial institution will take the track record into account to measure the company's performance both in the past and in forecasting future results.
On the contrary, when you begin from scratch, you'll need to find other ways to prove your creditworthiness and might not get the credit you need.
On the other hand, it is possible to make the purchase inclusive with seller financing.
We also know more than 300 ways to help you obtain financing for the purchase of your business.
Top # 1
98 % more secure than other kinds of growing investment
The multiple advantages we have shown you prove without a doubt that buying an established business is a low-risk investment
Not only because the business you acquire with our help will be a proven success, but depending on the transaction, you can negotiate with the owner to include the costs of real estate, equipment, and furniture.
You also avoid hiring new employees, education and training, marketing, and much more,
Remember you not only get experienced staff and an existing customer base, but you also get established premises, a well-known brand, and a network of suppliers.
The risk is only 2%, what do you think?
What better advantage than knowing that your investment has a high probability of success!
That is because you are buying an already tried and tested business model that works.
Now you can see that your decision is completely justified. Buying one business already in operation is incredibly appealing.
Now you can have the confidence to start your selection and purchase process more securely and reliably.
Additionally, there are many other benefits, depending on the business and its circumstances.
You can consult with us to help you choose the company that best suits your business style and needs.
Schedule your appointment, and let's evaluate this option for you and your business.
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