Buying A Business – How Long Does It Take To Find A Business?

It generally takes, on average, up to six months to find a solid, profitable businesses to buy in an industry where you can excel.  Keep in mind that an average is just that.  Timing may be dependent upon the industries and locations you prefer or specific revenue and owner benefit targets you require.  The sooner we have all the information needed to begin the search process, the shorter the time period should be.

It is also important that you understand what your personal strengths and weaknesses are from the start.  Some buyers, operating under the premise they can run any business, often buy the wrong business.  This theory often backfires, because without relevant experience, buyers fail to move down the learning curve fast enough to compete against a competent, well skilled marketplace.

It has been shown that the amount of the down payment may be the key ingredient to a quick sale.  The higher the down payment, generally 50 percent of the asking price or more, the shorter the time to a successful acquisition.  A reasonable down payment also tells a potential seller that the buyer has confidence in their ability to operate the business and make any loan payments.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com