Buying a business can be a quick path to small business success. It's not without risk, however. It requires a solid plan, sensible strategy and an investment of time and money. In return, buying a business can significantly reduce the risk of getting into business. Acquisitions may be easier to finance than a start-up.
Banks look more favorably on a business buy out because they are able to examine past performance.
When buying a company, you should be able hit the ground running. For existing companies, acquisition may be a faster track to expansion. There are records of companies that have literally doubled their size overnight, while proportionally lowering their expenses by purchasing complimentary or related-area firms. This is especially true for service-oriented businesses. The first place many would-be buyers look for business opportunities is is in the classified section of the local paper.