How to Buy a Business or Franchise on Buy and Sell a Business: A Step-By-Step Guide
Buying a business or franchise online is easier than you think!
When chosen carefully and maintained correctly, purchasing a business or franchise online can provide you with a much needed lifestyle change. It can be something that provides purpose, passion and fulfillment. The opportunity to have an impact right away as a business owner is favourable, rather than risking and building a business from scratch.
Between budding entrepreneurs and small business owners, successful franchisees and franchisors coupled with knowledgeable professionals such as business brokers – there are hundreds of great opportunities on Buy and Sell a Business.
Buy and Sell a Business is the fastest growing business & franchise for sale online marketplace where the segments mentioned above can buy and sell businesses. Our top of mind marketing strategies (digital/social), user experience, services and community involvement solidify our position as a thought leader in our space. By doing so, we are attracting users who believe in the power of entrepreneurship and small business; this in turn creates demand for our sellers and quality inventory/opportunties for our buyers.
With tons of listings from a diversified pool of different industries and asking prices – you can now bypass the building stage and get right into running and growing an existing business or franchise.
Browse businesses & franchises for sale
What is Buy and Sell a Business?
Buy and Sell a Business is an online marketplace where people can buy, sell and grow businesses or franchises every day. No business is too small and no industry faces prejudice.
Through Buy and Sell a Business, users have a fluid experience across all devices & browsers in order to list/search businesses/franchises for sale. Buy and Sell a Business does a terrific job balancing confidentiality with demand for our sellers. Furthermore, our buyers benefit from Buy and Sell a Business' vetting process to ensure all opportunities are valid and qualified. As a buyer, you can also benefit from the following:
BizALERTS. If you do not find any opportunities that fit your search criteria, set up BizALERTS and get notified when opportunities that fit your search criteria become available on the marketplace.
WATCHLIST. See something you like but you’re not ready to pull the trigger? No problem! Watch it closely until you’re ready.
BENCHMARK PRICE. In our ‘Grow‘ hub, found in your personal dashboard you have access to tips, tools, perks, a forum, quick valuator calculator and a benchmark widget that calculates what the average business or franchise in a particular industry is selling for on Buy and Sell a Business.
The goal is to ensure you find the perfect opportunity that makes you money and also makes you happy!
As mentioned, businesses and franchises on Buy and Sell a Business range from ready-to-go starter businesses to bigger successful businesses.
As such, the prices also vary. Starter businesses can cost as little as $1,000, while established businesses and franchises can sell anywhere from $75,000 to $2 million+. However, the average listing on Buy and Sell a Business is currently selling for $417,000.
How to Browse Businesses/Franchises for Sale
Buy and Sell a Business is home to tons of business & franchise for sale opportunities of all sizes and industries. You can find business and franchise opportunities from across industries such as education, Health/Fitness, Restaurants/Food services, automotive businesses and more.
When you’re browsing Buy and Sell a Business for a business or franchise to buy, you should first determine what type of investment you want to make:
- What are your revenue goals for the business?
- How much money are you willing to invest to get there?
- How much time?
- Is it a business or franchise that you only need to maintain or does it have growth potential that you will need to figure out through marketing?
- Are there ways you can add value to the business or franchise that the original owner hasn’t?
These questions can be further explored as you discuss the acquisition with the seller.
Doing Your Due Diligence
Each listing contains an overview of the business, along with other critical fields in order to get a snapshot of how healthy the business is. For example: gross revenue, annual earnings, reason for selling etc, and an asking price, which you can negotiate with the seller by connecting directly with them via Buy and Sell a Business.
Keep in mind if the seller discloses gross revenue and annual earnings, Buy and Sell a Business automatically populates a ROI (return on investment) calculator so buyers can calculate what type of return they can expect with their investment.
Also, sellers have the ability to integrate their Buy and Sell a Business listing with Yelp. If they do, you will have the ability to see and click their rating in order to be driven to their review page. This once again provides buyers with transparency and a snapshot of what current clients are saying!
Also, it’s important that a listing represents a business/franchise with great timing (meaning it’s in a space with demand); it’s self sufficient (meaning it is not dependent on 1 leader, supplier, client or employee) and financial growth is consistently growing YoY (year over year), in which they can at least showcase the last 3-5 years of financials. Remember, you aren’t buying a business for today, you are buying a business for future potential and opportunties. Also you should ensure that you:
- Confirm financial info. including expenses (inventory and marketing) of the business. Make sure you know exactly what they are spending to generate the results they have had.
- Vet their social media accounts. Look at the engagement rate to ensure their following is real. Don’t take a large following at face value.
- Know exactly what’s included. Try to get all of the related inventory, social media, email list, etc. if possible. If it’s something that is necessary to run the business, make sure it’s part of the deal.
- Dig into why they’re selling the business. You might not get a reason, but it’s still worth asking.
- See it for yourself. Visit in person.
- Acquisition team. If you are not comfortable with the due diligence/acquisition process get your accountant, lawyer and banker involved!
Once you’ve vetted the business, you can make an offer.
Once you’ve come to an agreement with the seller, it’s time to determine how you will facilitate the transaction – and this is where your acquisition team comes together!
Buy and Sell a Business Marketplace: Buy or Sell a Business or Franchise
Buy and Sell a Business is an online marketplace where people can buy, sell and grow businesses or franchises every day – all sizes and industries. We are doing a great job attracting and connecting engaged buyers and sellers by providing them with a positive user experience that is seamless, resourceful and supportive.
Check out BizON and see what’s available–new listings are added every day.
And if you’re interested in selling your own business or franchise, or if you are a franchisors/business broker looking to promoting the sale of your listing(s), you can put it up for sale! Business owners and entrepreneurs, click here. Franchisees and franchisors, click here. Business Brokers click here.
From The Buy and Sell a Business Team
Health. Happiness. Family. Success.
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