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How to Choose the Right Business to Buy

Buying an existing business is an appealing alternative to starting a company from scratch. But choosing the best business to buy can be a difficult decision.

There are three important questions to ask to help identify the best business to buy and narrow down the list of potential companies:

– Is the company a good fit for my skills, experience, and future goals?

It is essential to evaluate whether the company aligns with your skills, experience, and future goals. Assessing compatibility between your abilities and the business’s requirements can determine the likelihood of success and personal fulfillment.

– What does the company sell or what service does it provide, and what’s its business model?

Understanding what the company sells or the services it provides, along with its underlying business model, is crucial. Analyzing the product-market fit, target audience, revenue streams, and operational strategies helps gauge the potential for profitability and sustainability.

– Is the company successful, and does it have the potential to grow?

Assessing the company’s current success and growth prospects is vital. Evaluating financial performance, market position, competitive landscape, and growth opportunities can reveal whether the business has the potential for further expansion.

 

This report will explain these factors in depth and evaluate the pros and cons of buying a standalone business and explore whether buying a franchise is an option for you.

Download your free copy of this guide “How to Choose the Right Business to Buy” .

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Greg race
Greg race
2023-08-16
Luis guided us through a most challenging year during the sale of our business with professionalism and personal attention. I interviewed several brokers to handle the sale of our business but no one impressed me more than Luis when it came to understanding the numbers. High marks from a happy seller. Thanks again Luis for all your efforts.
Thomas Cooper
Thomas Cooper
2023-08-08
Luis was the broker on for the seller on a business I purchased recently. Even though he represented the seller, he went above and beyond to help walk me through the process of buying a business and make sure had all my ducks in a row. He offered input on items to help make the transition to a new business seamless and less overwhelming that it would have been had he not taken the time to offer his expertise. I am grateful that he was the broker on this deal and I would use him in the future for any other business transactions! Thanks for everything, Luis!
The Scrambled Egg
The Scrambled Egg
2023-04-03
Luis Zavala has been our go-to guy for many years! He is an industry expert. We personally know several other businesses he has provided services for, and they all say the same. Luis truly cares about his clients, and their businesses!
MyTampa Partybus
MyTampa Partybus
2023-02-08
"I recently had the pleasure of working with Luis Zavala at Murphy Business Sales in Tampa and I must say, he truly exceeded my expectations. From start to finish, Luis was professional, knowledgeable, and extremely helpful throughout the process of selling my business. He kept me informed every step of the way and his guidance and expertise were invaluable. I would highly recommend Luis and the team at Murphy Business Sales to anyone looking to sell their business. They truly know what they are doing and will work hard to ensure that you get the best possible outcome. Thank you, Luis, for your outstanding work!"
Floyd Williams
Floyd Williams
2023-01-16
"I contracted Murphy Business Sales to conduct a review of a business I was interested in to evaluate financial stability and continuity. Luis Zavala provided me with a full report of the business history, discoverable financials, and profiles of key players. A product far exceeding my expectations. I would recommend him and his organization to anyone inquiring. "
Donald Parkerson
Donald Parkerson
2023-01-12
Very knowledgeable and trustworthy, Highly recommend.
Tracy Jones
Tracy Jones
2023-01-12
Amazing service and attention to detail!

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