Buy A Business
At EMPIRE we concentrate on finding you a business that you like and feel comfortable operating. You as any other potential business buyer, have the vision of being your own boss and making your own decisions. A business should correspond to your vision so that you can be successful.
Why are businesses sold?
Contrary to what many people relieve, businesses aren’t sold just because they are bankrupt. There are very legitimate reasons why a business owner might want to sell. Some of these are:
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- Worrisome exposure to business risks is often aggravated by personal guarantee loans.
- Tired of, or bored with the business.
- Possible failure of the business if one or more owners become seriously ill or disabled.
- Personal preference of the owners to retire or simply change their lifestyle.
- Divorce or dissolution of the partnership.
- Owner’s desire to pursue other business interests which may be more challenging or less stressful.
- Lack of sufficient working capital.
- A need within the company for new skills, new resources, or a new philosophy to cope with ever-changing economic forces, government regulations, and competition.
World wide, businesses change hands every 5 years on average. What types of business formats can I consider for having my own business?
- On-going businesses. Which are companies that are functioning and have an operative history.
- Franchises. Which have a defined business format that you can acquire, as long as you are accepted as an operator and have an acceptable commercial space from the viewpoint of the franchisor. There are four types of franchise formats: Individual Franchise, Multiple Franchise, Regional Franchise, and International Master Franchise.
- Business Opportunities. In which you will not pay a royalty for operation, and will be entitled to an initial support in equipment, trademark or business systems, as in the case of distributions.
- Investment Projects. Risk capital investments in which a part of all of the elements required to initiate the project are needed, and there is a business plan from the owner of the project.
- Commercial Spaces. In case you want to initiate your own business, the decision of where it is going to be located is essential to the success of the company.