News } Tabak

Tabak Business Sales Market Update - December 2017

How ready are you to buy a business? What’s a good price for a business?

 How ready are you to buy a business?

 Most successful business owners will say that owning a business gives them tremendous freedom. They are their own boss and in control of their own destiny. They have increased their earning potential and are working towards financial independence. In short, they have more choices in their lives.

 

The process of purchasing a business can take some time – and will require effort, motivation and commitment on your part. Meeting with your Tabak team can help you assess how ready you are to start this process. We can discuss what kind of business would be most suitable for you, whether you have the necessary time and commitment, and we can run through the financial arrangements that will be required of you.

 

For most, buying a business is a once or twice in a lifetime transaction – so it is important to start the process with confidence.

 

What’s a good price for a business?

 

As investment expert Warren Buffet says, “It makes more sense to buy a great business at a fair price than to buy a fair business at a great price.”

 

If you are looking for a bargain, it is important to understand that ‘turn-around businesses’ sometimes don’t turn. It makes far more sense to buy a profitable business that has an opportunity for you to add value to it.

 

Business ownership will generally outperform any other investments. Good businesses usually provide good cash flow, and owners have used this cash flow to make other profitable investments, such as buying property, including, in many cases, the building their business is in.

 

Many businesses for sale are poorly presented, overpriced or in a poor state and, according to industry statistics, over 90% of the people who begin the search to buy a business fail to ever complete a purchase – even after looking for as long as eighteen months.

 

The key to success is to buy a quality business – one where there is potential for the new owner to use their skills and energy to take that business to the next level.

 

I trust that you will enjoy this month’s update on the opportunities available through Tabak Business Sales. 

Please do not hesitate to contact us directly if we can be of any further assistance.

 

⇑ back to top