Many dream of owning a business to:

1. Be their own boss
2. Have job security
3. Control their hours
4. Build equity

Some of the advantages of buying a business vs. starting a business are:

1. According to statistics Canada, many start-up businesses don’t make it a year, and more than 50% fail within the first 5 years. Purchasing an established business is cheaper, faster and safer.
2. You have profits from day one and access to immediate cash flow.
3. A proven track record and existing cash flow make it easier to get additional financing for working capital.
4. You don’t add to the competition.
5. You are purchasing an established customer base and goodwill.
6. Operations are already in place including product, suppliers and employees.
7. You will receive training from the previous owner to ensure a successful transition.

Buying an existing business can often make more sense than starting a business. We can help you find the right business. Contact Beal Consultants for a free initial consultation.