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Im looking to purchase an existing business

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  • 30-12-2013 11:55pm
    #1
    siralan
    Registered Users Posts: 80 ✭✭


    I have recently sold property and rather than reinvesting in a stagnant property market I would like to purchase or invest in an existing business which has good potential.

    My maximum budget is 150k and I am interested in the following business types:

    Manufacturing
    Retail
    Wholesale
    Vending
    Online with audited accounts
    Business with export potential.

    I am also interested in small businesses which are relocatable and can be run part time.


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    #2
    jimmii
    Registered Users Posts: 14,810 ✭✭✭✭jimmii


    I doubt you will get much for your money in retail or wholesale unless you decide to start from scratch. What areas of expertise do you have? Stick with what you know better safe than sorry.


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    #3
    siralan
    Registered Users Posts: 80 ✭✭siralan


    My background is in environmental consultancy and sales , retail wouldn't really excite me but I wouldn't rule out anything.

    Its surprising really the lack of a decent online platform for buying/selling a business. There are thousands of businesses out there whose growth is being inhibited by a lack of finance from banks and I'm sure many of these would benefit from investment even if it meant releasing some equity in lieu of a cash injection.


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    #4
    longhalloween
    Closed Accounts Posts: 2,207 ✭✭✭longhalloween


    siralan wrote: »

    Its surprising really the lack of a decent online platform for buying/selling a business. There are thousands of businesses out there whose growth is being inhibited by a lack of finance from banks and I'm sure many of these would benefit from investment even if it meant releasing some equity in lieu of a cash injection.

    That could be a good business.


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    #5
    riveratom
    Registered Users Posts: 964 ✭✭✭riveratom


    longhalloween wrote: »
    That could be a good business.

    Aren't there loads of those already?

    Can't vouch for any of them, maybe they just aren't very good at it. Maybe they are more to do with listings than actually helping people connect to broker business deals.


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    #6
    Peterdalkey
    Closed Accounts Posts: 2,091 ✭✭✭Peterdalkey


    The vast majority of businesses that would fall into that kind of price range would be lifestyle type operations with only very modest profits after owner/managers remuneration. The nett proceeds after CGT from 150k is not going to fund much of an income, retirees are probably your only mark. Many businesses bought their properties during the lending boom and are now burdened by loans that are often higher than the total nett worth.

    You probably should look to businesses in your own or associated field for acquisition opportunities as you understand that business. Failing that, start your own from scratch.


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    #7
    farfallaa
    Banned (with Prison Access) Posts: 8 ✭farfallaa


    Well as someone working at a startup I can tell that many businesses face certain difficulties that relate to the lack of money. And that restricts a lot. We are also currently looking for an investment into our online gift store however it is an expertise & connections that we are looking for - not only money.. PM me and let me know what your requirements are - maybe we could think of something ;)


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