Buy a Business In 2015
- Published on Sunday, 28 December 2014 13:50
- Written by Anthony Rigney
Buy a business
Let me help you make your dreams come true in 2015.
As one of Florida’s top Business Brokers I can help you find the right business. There are five things you should know about my services.
As a member of the Business Brokers of Florida I cooperated with over 1,000 active business brokers in this State. That means that when you work with me – you will have access to all their listings.
From my website you can search almost 4,000 business listings throughout the State of Florida. Click on this link
to start now and remember to bookmark it
I have been a successful business broker for over eight years. I hold the prestigious designation of Board Certified Intermediary (BCI). Prior to becoming a business broker I ran a successful small business for many years. There is no one better equipped to assist you in your search.
I utilize the latest technology to allow you to start your search from the comfort of your home. Digital signing of Non Disclosure Agreements and other documents along with Web Meetings and Video Conferencing will cut out much of the time consuming leg work.
I cooperate with a Network of professionals eager to help you in your search. Whatever advice you need I can recommend the right professional to assist you. Learn more View my collection of informational videos
or read my blog
. I look forward to helping you.
Buy a Business or Launch a Startup?
- Published on Thursday, 13 November 2014 17:38
- Written by Anthony Rigney
Open for Business
Is it better to buy an existing business or launch a startup? The answer may depend on your goals. However In general it is better to buy a business than to start one from scratch. The reasons are varied. First of all buyers often underestimate the true cost of establishing a business. Let’s take a simple retail business for example. Before opening the doors a buyer must
Find a location
Negotiate a lease
Pay for the buildout
Purchase furniture, fixtures and equipment
Purchase inventory, marketing and advertising material
Interview and hire employees
Establish vendor relationships
Obtain licenses and permits
Invest a considerable amount of their time and labor
Once open, the new business has to build a loyal customer base. Most startups don’t show a profit until year two or three. During this time the owner is supporting the business instead of the other way around. The total expense of getting to the point of success will typically be more than a buyer would have paid for a successful established business.
Another reason to buy instead of startup is the high failure rates of new enterprises. Statistics show that by year four 50% of startups are no longer operating. Established businesses with a track record have a much lower failure rate.
Buying a business gives you a functioning and profitable business from day one. You avoid the headaches of a startup but still have the ability to mould the business to your own personality. You are less likely to see your business fail and your investment lost.
There are of course reasons to start up a business. If you have a unique idea and the funds to see it through you may need to build it from scratch. But in general it is better to take over after someone else has done the heavy lifting.
Anthony John Rigney PA is a successful Business Broker. He works with business owners and buyers to accomplish a smooth transition of ownership. For more information call today 904-725-7677
The Instant Entrepreneur
- Published on Monday, 20 October 2014 14:18
- Written by Anthony Rigney
Have you dreamed of being your own boss? Do you wish you were the one making the big bucks and calling the shots instead of toiling away in cubicle hell? Maybe you have considered becoming an entrepreneur but figured it is too risky or that it will take too long to get a new business off the ground. Well there is a way to become an instant entrepreneur. All you have to do is buy an existing business. Yes it’s that simple.
Experience shows that most new enterprises don’t make a profit during their first two years of operation. During that time the owner absorbs the cost of leasehold improvements, acquiring furniture, fixtures, tools and equipment. There are staff to be hired and trained. Marketing costs accumulate as the business attempts to establish its name in the marketplace.
But it could be so much easier. Buy an existing business. Instead of the massive start up costs – you walk in the door and everything is in place. Don’t worry about hiring the right employees you already have them. Customers and vendors know where to find you.
Don’t have quite enough money to buy a business? An existing business with a good track record and solid books may well qualify for a SBA loan with a small down payment. If it doesn’t then the seller may be willing to partially finance it for you. Still need money? Consider borrowing from yourself. ERISA
rules allow you to invest your 401K retirement account in a business you start or buy.
Close on your business purchase and you become an instant entrepreneur. From day one you have positive cash flow. The heavy lifting was done for you. Now all you have to do is reap the rewards. If you are ready to take the plunge call your local friendly business broker today. We are ready to help. Your future starts today!
Anthony John Rigney PA is a Florida based Business Broker with Florida Business Exchange. Whether your goal is to buy a business or sell your business Anthony can help. Call today at 904-725-7677 for a free consultation.