Buying a Profitable Business is a Smart Move!

Buying a Profitable Business is a Smart Move!

Tired of the corporate grind and ready to be your own boss?

Starting from scratch can be intimidating. A better path might be buying an established small business that's already making money.

Here are some benefits of buying an existing business:

  • Avoid Startup Risks: A proven business reduces uncertainty with a validated concept and model.
  • Instant Customer Base: Leverage existing brand recognition and loyal customers.
  • Revenue From Day One: Immediate cash flow covers costs and living expenses without a long ramp-up.
  • Financing Edge: Banks prefer lending to businesses with a financial history over unproven startups.
  • Focus on Growing: Concentrate on expansion rather than starting from scratch.

"It's easier to get started if you buy a ready-made successful business." - Ray Kroc, Founder of McDonald's

However, it's crucial to consider potential downsides:

  • Limited Transparency: Vet the finances thoroughly to avoid hidden issues.
  • Dated Systems and Equipment: Be prepared for necessary upgrades and reinvestments.
  • Existing Culture Issues: Assess staff dynamics before making major changes.
  • Industry Learning Curve: Expect some ramp-up if the business niche is new to you.

"Do your due diligence. Make sure you know what you're getting into." - Mark Cuban, Shark Tank Investor and Dallas Mavericks Owner

Today's small business landscape offers interesting opportunities:

  • Baby Boomers: Many are looking to retire, providing ample buying opportunities.
  • Diverse Buyers: Women now make up nearly one-third of small business buyers, breaking the mold of the typical buyer.
  • Younger Generations: Gen X and millennials see business acquisition as a viable path to entrepreneurship.

Women can buy businesses too!
"Every generation's top priority is to nurture its successor." - Simon Sinek, Author and Motivational Speaker

For the right person, buying an established small business can fast-track your dreams of self-employment and autonomy.

With careful inspection and the right advisors, this opportunity could be your leap forward. Now might be the perfect time to take the plunge. Are you ready?

DM Deb 'Source my Funds'.

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Deb Curtis is a dedicated ally for business buyers, prequalifying and sourcing the best SBA-backed loan projects.

With an extensive background as an SBA lender previously employed by various banks and non-bank lenders, she saw the need for a positive change in Main Street business acquisition lending to protect buyers.

Frustrated by banks' credit policies and politics, she founded her consulting firm in 2018. Known for her integrity, loyalty, and transparency, Deb focuses on quality over quantity in business acquisition loans, ensuring seamless ownership transitions for her clients.

Protect your business buying journey by learning more here:

Subscribe: Business Buying Banter - No BS

Follow: Curtis Small Business Finance Solutions, LLC dba Deb Curtis

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Adam Piandes

Facilitator | Speaker | Communication & Culture Expert | Helping Companies Keep Their Best People and Hit Goals Faster | Leadership Coach & Teacher | Using Conflict as A Catalyst for Growth

5 个月

Investing in an established profitable business can be a wise move with its stability and reputation. Your insights on the perks are invaluable!

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Chaz Horn

Consultants ? Attract New Prospects ? Engage Them In Conversation ? Convert into New Clients Seamlessly on LinkedIn **Speaker**

5 个月

Love how you explore the pros and cons of buying an existing business. So important to consider everything before such a big purchase! Great insights as always?????? Deb Curtis

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Anthony Trollope

?? Elevating Commercial Finance & Equipment Leasing Companies | President at Foresight, a Finance-Focused Marketing Agency | ?? Growth Marketer, Digital Strategist, Transformation Architect & Awarded Brand Builder ???

5 个月

Side hustles are the playground for entrepreneurship but most are exactly that, play. Nothing wrong with that if that’s your goal but even fewer make enough from it to be anything more than that. Odds are way better when you buy someone’s existing business and build it up.

James E. Mayer, Jr., CRPS, C(k)P

We Help YOU Retire with Confidence! | Executive Director, Branch Manager at Huffman Mayer Wealth Management Group of Wells Fargo Advisors

5 个月

It is the American dream at the end of the day!

Raquel "Raqi" Flores

Turning Authenticity into Influence | Houston Sports Gal | Fierce Mental Health Advocate| | "LIVE, LOVE, LEAD" | OWN Your Essence | | Encouraging humanity to "Educate, Empower, and Uplift".

5 个月

Such valuable information for many of us looking to buy in the near future, Deb Curtis. ????

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