Question

what is one of the advantages of buying an existing business

Answer 1

reduce risk to your business

Answer 2

it may already be established in the community that it is in

Answer 3

- The difficult start-up work has already been done. The business should have plans and procedures in place.
- Buying an established business means immediate cash flow.
- The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors.
- You will acquire existing customers, contacts, goodwill, suppliers, staff, plant, equipment and stock.
- A market for your product or service is already established.
Existing employees and managers will have experience they can share.

Answer 4

http://www.findlaw.co.uk/law/small_business/starting_a_business/500269.html