If you’re thinking about buying a business, considering purchasing a cheap business may be a great way to give you the advantage of additional affordability as well as the potential for a high return on your investment.
A cheap business comes with the same benefits as buying an established business, as well as some unique benefits for the entrepreneur ready to put in the time to turn the business around. The baseline benefits of buying a cheap business are an established reputation & location, a customer base & employees in place, facilities & equipment, processes, vendors or suppliers, and cash flow.
The unique benefits of buying a cheap business are, of course, that the business can be purchased at a more discounted price than other businesses. This lower rate could be for any number of reasons, from the owner has slowed the business in preparation for retirement or the owner doesn’t have the management skills required to run the business effectively. The other unique benefit of buying a cheap business is the fact that with the low initial investment, and a driven buyer, the business can be turned around quickly and provide a very nice ROI for the new owner.
If a little hard work doesn’t scare you, than buying a cheap business can be a great way to become an entrepreneur and create some ROI for yourself in return. To learn more about buying a business visit our website or schedule a free consultation with a business broker today.
Rachael Holstein has been the Marketing Manager for Transworld - Rocky Mountain since 2016. Her work experience has been largely focused on business development and marketing in business brokerage, finance, architecture, property management, and information technology. A long time resident of Cleveland, Ohio, she attained her undergrad from John Carroll University and her Master’s Degree from Cleveland State University. In 2013, she relocated to Denver with her husband, Joe, and her furry companions to explore the mile high lifestyle!