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Where_to_Find_the_Perfect_Business_to_Buy

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					Title:
Where to Find the Perfect Business to Buy


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878


Summary:
You dream of owning a business and experiencing its many benefits – freedom, power, wealth, and
fulfillment. But you don’t want to start a business on your own. There’s too much risk and uncertainty.
Plus, you don’t know what you would want to do that could be successful.



Keywords:
businesses for sale, business for sale, franchises, franchisor, franchiser, franchising, franchise opportunities,
the business market, thebusinessmarket, colorado businesses for sale, california busin



Article Body:
You dream of owning a business and experiencing its many benefits – freedom, power, wealth, and
fulfillment. But you don’t want to start a business on your own. There’s too much risk and uncertainty.
Plus, you don’t know what you would want to do that could be successful.


Instead, you want to find an existing business or a proven business idea that you can operate successfully.
But the million dollar question is: “Where do you find it?”


There are several methods of finding a business to buy, and each has its own benefits. Here are some
options to consider:


Word of Mouth


This method of finding the perfect business to buy is very much chance-based and consists of someone
telling you about, or you driving around and seeing, a business that is for sale. Due to its nature, you are
exposed to a very limited number of businesses. And unless you are very lucky that one of the few
discovered in this fashion is exactly what you want, this method is not very effective at finding the perfect
business to buy.


Classified ads in the local newspaper


The old-fashioned method of finding a business to buy is to look in the classified ads in the local newspaper
and see if any catch your eye. This is a very difficult way to find a business to buy for several reasons. One,
the number of businesses-for-sale listed in the classifieds is very small compared to the overall universe of
businesses that are for sale at any time. Two, classified ads typically present you with only three lines of
cryptic text to give you background on the business. And three, classifieds do not have a search function so
you have to spend a lot of time looking through all of the classifieds to find those businesses that interest
you. While classifieds can serve a purpose in buying a business, they are not very efficient or effective.


Business Brokers


Business brokers are typically very professional and knowledgeable in the art of buying and selling a
business. Plus they are skilled at helping sellers sell their business. But therein lies the rub – they are
contractually obligated to help the seller sell the business. They are not obligated to you as the buyer.
Therefore, brokers will usually look out for the seller’s best interests first, which means they will often only
show you businesses that they represent. This severely limits your exposure to the number of businesses
that are available for sale at any one time, which makes it an inefficient method of finding the perfect
business to buy.


However, more common these days are Buyer Brokers. These business brokers represent you, the buyer, in
your efforts to buy a business. This can be very effective because the broker knows how to navigate the
process of buying a business. However, you often have to personally pay the broker to help you buy a
business, which increases your costs. Therefore, it is often best to conduct a search for a business on your
own, and then hire an attorney or experienced broker to guide you through the purchase process. But where
do you search for businesses on your own?


Online marketplaces


Online marketplaces typically contain an exhaustive list of businesses that are for sale. Plus, it is easy to
search these thousands of businesses instantly to find only the ones that meet your criteria. This makes
online marketplaces the most effective, efficient and comprehensive method of finding the perfect business
to buy.
There are many online marketplaces to choose from, but they are far from equal. Some have inadequate
search functions, others are just interested in collecting listing fees from business sellers, and others do not
offer the buyer tools to help make your search process easier. As a result, selecting a good business-for-sale
marketplace is critical in your search for finding the perfect business to buy.


You want a site that allows you to search its listings for free, and has a strong search function to help you do
it effectively. In addition, you want a site that allows you to save your searches and be alerted via email
(“Email Alerts”) anytime new businesses are listed that meet your search criteria. This saves you the time
and effort of continuously searching sites everyday looking for the right business. Instead, the site does the
work for you and presents you with businesses that are of interest to you.


Finally, you want a site that puts its money where its mouth is, one that charges sellers based on
performance and not on a pre-set monthly fee. These sites are dedicated to helping match business buyers
with sellers while lowering the cost of selling a business. As a result, these sites are very effective for both
buyers and sellers.


Resources


* Find the perfect <a href="http://www.thebusinessmarket.com/411000-Buy_a_Business.asp">business to
buy</a> or <a href="http://www.thebusinessmarket.com/411001-Buy_a_Franchise.asp">franchise to
buy</a>,


* To find a broker to help you buy or sell a business, visit <a
href="http://www.thebusinessmarket.com/500000-BrokerSource.asp">BrokerSource</a>


* <a href="http://www.thebusinessmarket.com/420000-Sell_a_Business.asp">Sell a business or
franchise</a> quickly and easily




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