Advantages of Acquiring an Existing Business

  • Being able to review a company's existing track record as reflected in P&L statement, tax returns and other financial records can be very helpful in determaning expansion plans.
  • The need for additional working capital is reduced due to the immediate csh flow being generated by the acquired company.
  • Gaining established customers, reducing the time to attract new customers.
  • Sources of capital to purchase existing businesses are more readily available than start-up ventures. 80% of all business owners offer some type of financing.
  • Growth potential can be measured based on actual experience rather than conjecture associated with start-up ventures.

Thought for the Day

"Every intersection in the road of life is an opportunity to make a decision." - Duke Ellington


 


paul_head_smallSince 1977, HRI Services has provided the expertise to help businesses achieve their full potential. They have helped business owners to seize opportunities for fresh starts, for growth in new directions, and provide the knowledge that fosters confidence necessary to succeed.

For more than 30 years, Paul Tallino has been bringing people together in the creative business of operating, buying, selling and consulting. As a business owner himself, and a former vice president and director of the MRA, Paul knows first-hand the pressures and challenges that business owners face.

Read Food for Thought for Paul's insight into the challenges and questions that restaurant owners face each day.

 
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