BUSINESS RESOURCE ASSOCIATES Janice E. Staropoli 7047 E. Greenway Pkwy - ste 180 fax: (480) 951-1600 Scottsdale, Az 85254 e-mail: info@BizBrokersAZ.com
Today, for many of us, following "The American Dream" means owning your own business, much as owing your own home did 20 to 30 years ago.
There are many reasons why people buy a business.....
In the past many purchasers or small businesses were the traditional Mom and Pop who had been entrepreneurs all their working life, they moved from one business to another; or they were individuals winding down--filling the time between the end of their career and retirment.
Todays buyers are more sophisticated, better educated and they generally have more money available, but they are much more likely to be corporate exiles with executive or middle management experience looking to replace an income and build some equity.
There are even more reasons why people sell their businesses!
1. LOCATION 2. PRODUCT 3. MANAGEMENT
Government surveys show that over 60% of new businesses fail in the first three years. Businesses that pass this mark have usually found the right combination of product/service and location to garner continued success. Someone else put up the start up capital, the long hours, the tense nerves and waited patiently until the business became self sustaining and profitable. THE RISK FACTOR HAS BEEN SUBSTANTIALLY REDUCED !
An Ongoing Business Provides Two Necessary Components of Success!