Should you buy an existing business or start one from scratch? Compare customers, revenue, employees, systems, financing and risk.
Starting from zero is romantic.
It is also hard.
1. Existing Revenue
You aren’t waiting for the first customer.
2. Existing Customers
The customer base already exists.
3. Existing Employees
You inherit an operating team.
4. Existing Location
You may not have to build out a facility.
5. Existing Reputation
Brand equity can be valuable.
6. Existing Suppliers
Relationships are already established.
7. Existing Systems
You have something to improve rather than build.
8. Financing Potential
An established cash-flowing business can provide a basis for financing.
9. Historical Data
You can analyze what actually happened.
10. Immediate Ownership
You start operating rather than waiting years to build a customer base.
Michael Shea represents the Tampa Florida Transworld office. In business since 2005, he has established a reputation as a trusted business broker across Florida’s key markets- from Tampa to Orlando, Melbourne, and more. Over the past two decades, Michael and his team have closed over $1 Billion in sold business volume and presided over more than 476 transactions. His credentials include the IBBA Certified Business Intermediary®, and most recently, the prestigious Certified Exit Planning Advisor® (CEPA) credential. He is also a Florida Licensed Real Estate Broker and Business Brokers of Florida Board Certified Intermediary . Shea is a member of the VRMA and a recognized expert in property management and vacation rental management business sales