Buying an existing landscaping business,buy realtime landscaping,pool designs with slides - Try Out

09.05.2014
In this edited excerpt, the authors discuss the process you should go through when purchasing an existing business. When most people think of starting a business, they think of beginning from scratch—developing your own idea and building the company from the ground up.
When you buy a business, you take over an operation that’s already generating cash flow and profits.
You have an established customer base and reputation as well as employees who are familiar with all aspects of the business. However, it’s often easier to get financing to buy an existing business than to start a new one.


Bankers and investors generally feel more comfortable dealing with a business that already has a proven track record. Think long and hard about the types of businesses you are interested in and which are the best matches with your skills and experience. Assess the labor pool and costs of doing business in that area, including wages and taxes, to make sure they’re acceptable to you. Once you’ve chosen a region and an industry to focus on, investigate every business in the area that meets your requirements. Talk to business owners in the industry; many of them might not have their businesses up for sale but would consider selling if you made them an offer.


Talk to existing customers, suppliers and vendors about their relationships with the business. Look for liens against the property, pending lawsuits, guarantees, labor disputes, potential zoning changes, new or proposed industry regulations or restrictions, and new or pending patents; all these factors can seriously affect your business.



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