Starting a business from scratch can be a daunting task. Policies, procedures, infrastructure, staff, suppliers, marketing – it can seem like an endless list of things to do even before you make your first sale!
By comparison, buying an existing business allows you to benefit from the hard work put in by the previous owners and should provide you with immediate customers and ongoing revenue.
However, well-established businesses with a solid track record of delivering yearly profits don’t usually come cheap.