Phoenix business broker

Buying a business will provide an incredible sense of pride and accomplishment – and there’s a good chance that you’ll reap the benefits in return for the effort that you put into the purchase. This is because purchasing an existing business is a proven path to financial prosperity. Our business brokers will put you in touch with existing businesses that are available for purchase.  We can help business buyers find opportunities that fit their background, goals, and financial strengths. We are often able to show them many options.

Key Factors when Buying a Business

Buying a business is a big decision.  It’s hard to find a business that suits your aptitude and background and is well-established with growth potential.  You need a business broker like Jeff at Business Broker Arizona who can act as a knowledgeable and experienced intermediary, introducing you to businesses that are matched to your goals and preferences.  This includes consideration of several key factors:

The Right Type of Business for You

A good starting place when looking for a business is understanding what you bring to the table.  It’s best to assess your strengths, consider your passions, and seek out opportunities that take the best advantage of your knowledge, skills, and experience. You should also carefully consider what you want and where you hope to be in six months, a year, and even five years.

From there, Jeff will help you to decide whether you’re interested in a franchise or an independent, established business, as there are pros and cons to each.  Don’t forget, financing can play a major role, so you need to have some idea of the capital available to you, not only for purchasing a business but sustaining it during the transition and throughout any early adjustments or upgrades.

Finding the Perfect Fit

Once you’ve established the groundwork for the type of business you’re interested in, it’s time to start looking for the opportunity that presents the right fit.  The market to buy a business in Arizona can seem overwhelming, which is why you might need help with your research.

You can easily narrow your choices by the type of business and the general location, but you also need to look at what it has to offer in terms of recurring revenues, concentration, trend, profitability, and so on. You should look into why a business owner is selling.  Are they struggling in the market or are they looking to capitalize on their success/or just retiring?

Jeff will help you to understand their marketing strategies and whether you can hit the ground running when you take over, or if you need to adjust to improve customer acquisition and retention.  You may also want help assessing business patterns, such as seasonal ups and downs.

Buying a business in Arizona is a big decision, and you want to choose the venture that’s right for you.  With help from Business Broker Arizona, you’ll enjoy expert guidance and access to a network of eager sellers, so you can find the perfect fit.