There are a number of reasons why it makes economic sense to buy an existing business or franchise. You skip the precarious start-up phase when so many businesses close.
You also get:
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customers
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premises
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a brand
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experienced staff
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suppliers
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long-term contracts
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a business plan
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good financial record or rating
If you’ve found a business you like the look of:
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Research the business, including its market and industry, its suppliers and competitors.
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If you wish to proceed, formerly register interest in buying the business with the person appointed to manage the sale.
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Appoint an adviser to talk to the owner’s representative. Professional advice is vital, but getting a lawyer or accountant on board also enhances your credibility as a buyer.
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Ask the owner why they’re selling. Compare it to the financial picture painted in the sales documents, eg the information memorandum.
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business.govt.nz have excellent information and tips if you are considering buying a business or franchise.
nzbizbuysell.co.nz - The NZ Business for Sale marketplace
linkbusiness.co.nz - Taupo businesses for sale
realestate.co.nz - Taupo / Central North Island businesses for sale
Local real estate firms will also often have a commercial sales specialist