If you are determined to become the owner of your own business, but do not want to start the process from scratch, you can consider buying a ready-made business. By purchasing a ready-made and really working business, you will save yourself from a lot of organizational worries. But you should take a responsible approach to choosing a business and buying it.
Instructions
Step 1
Start by identifying the type of business you want to own. Determine in which area your knowledge is sufficient in order to understand the processes taking place in business and imagine what is actually happening there. Today, there is a steady demand for beauty salons and small catering establishments (for example, cafes). Car washes and garages are also popular.
Step 2
Determine how much you can invest in the purchase of a business and the subsequent development of production. The fact is that the costs of buying a business are not the only costs that you will incur as the owner of your business. Any well-established production of goods or services requires regular investments in equipment, consumables, and staff salaries. Business income may not always provide the necessary financial resources. Consider third-party funding sources such as bank loans.
Step 3
Business requires professional judgment. This requires special knowledge and the ability to analyze the financial documents of the company. If you think that your knowledge is not enough, seek help from specialists who will help you correctly assess the real value of the ready-made business you are purchasing and the prospects for its development. The main factor in determining the value of a business is net profit, that is, the money that a business owner can withdraw from the enterprise. A significant factor in the formation of the total value of a business, which should be paid attention to, is the qualifications of personnel and its manageability.
Step 4
There are several ways to transfer ownership of the acquired company:
- replacement of founders in a legal entity representing a business;
- creation of a new legal entity with the transfer of business assets to it;
- sale of an enterprise as a property complex;
- sale through liquidation.
Step 5
Personal acquaintance remains an important factor for Russian business. To be sure of the reliability of your purchase, you will need the recommendations of third parties familiar with both parties involved in the transaction. On average, the services of a consultant providing intermediary services in the acquisition of a business cost up to 15% of the transaction amount.
