Buying a turnaround business is a great opportunity, especially for a serial entrepreneur who has been through the business ringer before or an entrepreneur who wants to startup a business, but may not have the cash required available. A turnaround business has a number of benefits to offer an entrepreneur, and that coupled with the discounted investment and possibility of high return make them great opportunities.
Turnaround businesses at their core are established businesses. They come with a location, FF&E, business licensing, contracts, employees, and clients. And in addition to these more tangible assets, they have intangible assets like name recognition, history, reputation, standards of operating, and processes in place. These intangible and tangible assets act as a baseline, a starting point, for a new business owner to work from.
Starting a business from scratch is an expensive endeavor, one that requires a lot of bootstrapping from the owner. If your interested in starting a business, it is important to consider buying a business as well. A turnaround business comes with great potential for growth, and because of that there is still a lot of room for a new owner to control the company and steer the business into their dream opportunity without having to start from scratch.
Because turnaround business are often listed at affordable asking prices their acquisition offers quite a margin for a high return on investment. The turnaround acquisition is a unique opportunity to become a business ownership at a low cost and with a limited risk. If you’re interested in buying a turnaround business, view our current opportunities here or schedule a free consultation with one of our business brokers.
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!