Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

How do I buy a business?

I have seen the prices for businesses, and they seem to be really high. I don't think I could pay all that money right away straight out of my savings. Do owners get to pay the amount in monthly increments like on a loan or something? How does someone go about buying a business?

4 Answers

  • 7 years ago
    Favorite Answer

    If you don't even know how to start, you are in danger of being ripped off .. fact is, people only SELL what they no longer want .. and EXACTLY why would some-one NOT want a profitable business ?

    Well, they COULD be retiring == so they will be wanting to get at least 5 times the annual profits (plus the value of the stock) as a 'lump sum' ...

    However, more often that not, I would suggest, the owner has been working 80+ hours a week just to keep afloat and can now see disaster staring them in the face .. either competition, market changes / new technology or (in USA) something nasty 'in the past' has caught up with them and is going to result in a lawsuit (asbestos cladding in the roof anyone ?)

    Whatever == no they won't want monthly payments (first if you go bust the payments stop, second if they still have a 'connection;' with the business some clever lawyer is going to go after them ... and finally, if the they monthly profits were 'guaranteed', why wouldn't they carry on running it themselves ??

    I suggest you look into FRANCHISE businesses (this is where you put up some cash 'up front' to 'buy the name' and they sell you stock / training etc. and take a cut of your turn-over == you note I say a cut of turn-over and NOT a cut of profits == often there are no profits for the first few months (or, sometimes, years))

  • Anonymous
    7 years ago

    It really depends on what you enjoy doing most, the internet has made it possible for you to take almost anything you are most passionate about and make money from it.

    I know an excellent source of home business Named Resellers ie its a (selling domains hosting and building up website) .You can own a website by signing up with this site .,With the help of that i have Build up my own successful online business! they provide everything what i need: products, support, even a professional web site. And turnkey setup, and my site is online from the moment i sign up! Once you signed up you can start selling .They have a great reseller can sell all different kinds of plans which includes unlimited domain hosting, tons of disk space, free domain, auto responder, website builder, control panel, marketing tools, and much more. I gave gained more by signing up with this and much my business moving up in a profitable way as a goreseller and i could able to earn more money through online

  • Anonymous
    7 years ago

    Buying an establish business is not that easy. You have to think about various aspects like the market they are acquiring what is your position in it, do you have all relevant policies to retain their employees and will you be able to maintain you repute in this sector. You can buy a business keeping these things in mind.

  • 7 years ago

    there is no set way............different owners request different


    the selling agents presume an all cash offer..

    but you can negotiate it!

    --what type of biz?

    I can help u

Still have questions? Get your answers by asking now.