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OConnor Business Insights

4 best resources to find a local business for sale

Brad OConnor

May 27, 2021

 

Are you looking to dip your toes into the world of business? Or perhaps you would like to purchase a company to add to your extensive portfolio. Either way, one of the first steps in purchasing a business is finding one that is the right fit for you. There are some great resources available to those who are searching for a company to buy, and here are a few of our top picks!


1. Contact a business broker! 

We are the trusted experts in this industry. We know ALL the ins and outs of purchasing a business, and we have connections within our network to help you find the business that is the best fit for you! Our job is to guide you through every step of the process, and to help you find the right company to buy. We discuss your financial ability and budget, industry preferences, past experiences, retirement goals, and your wants and needs to ensure that we find the right business for you to buy. 


2.     Talk to business owners in your area


Stop by the local businesses in your area and make a connection with the owners! The small business community is tightly knit, and one is likely to know of an owner who wishes to sell their business. Plus, you cannot have too many business connections! Another option to explore would be to reach out directly to specific business owners in a particular industry of interest.


3.     Stay connected with your network!


Every person within your network may know of someone who is looking to sell their business, and all you need to do is ask! Even if you talk to people who are not involved in business themselves, it is possible that they know of someone who is. This approach works especially well if you reach out directly to accountants, lawyers, and bankers. Focus on professionals that work with large number of business owners on a day-to-day basis, as they will be more likely to know which business owners are looking to sell a business.


4     Online Marketplaces


Another resource that you can utilize to find the right business to buy is right at your fingertips! There are multiple websites that are nothing more than lists of available businesses for sale, and they allow you to filter, search and browse all the different options from the comfort of your home. However, it is important to use caution when browsing these sites, and the advice and guidance of a professional business broker is always recommended when you are looking to buy a business.


Are you looking for assistance or guidance in your business search?  Our experienced business brokers are always happy to help or answer any questions you may have!


Give us a call today!


More questions?  We can help.

EVALUATION/CONSULTATION


If you are a business owner considering selling a business, and would like to learn more about OConnor Business Brokers and Consultants and the services we offer, please contact us to arrange a confidential business evaluation. 

You will meet one of the Directors of OConnor Business Brokers, and your requirements will be discussed. During the meeting you will have the opportunity to find out more about selling a business, and how our business brokers and M&A Advisors can assist you with the business sale process. 

Unlike many other approaches, OConnor Business Brokers start without any preconceived ideas about what is right for you and for your business. By understanding the business and your motivation we can help steer you in the right direction. This often challenges conventional thinking and comes as a refreshing change to the norm.


The Directors of OConnor Business Brokers have experience as business brokers, business consultants, M&A advisors, and business owners. We understand the challenges and pressures that face a business at any one point. We therefore use our time together not to try and sell you our services but to help you understand your options and how we can help.


An initial meeting lasts approximately one hour, and can take place virtually or in person at our office.



Evaluation and Consultation Request

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