Tag Archives: buy a business



Buy a Business
April 11, 2018

Be the Boss – Buy a Business

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You don’t have to wait for that million-dollar idea!
Take the shortcut to success – buy an established business.

Did you know you can buy almost any type of business? Here’s just a short list!

  • Restaurant, fast food, bakery, bar, liquor store
  • Laundromat, dry cleaning facility
  • Gas station, body shop, auto part store, car wash
  • Pharmacy, adult care, senior care, child care
  • Tanning salon, hair salon, spa, fitness
  • Cell phone stores, phone and computer repair
  • Industrial, manufacturing

Everything from ice cream stands to national franchises!

Businesses are bought and sold every day in Metro Detroit and Michigan! Prices can start as low as $20,000.

Why do people buy a business?

  • Job security – you’re the boss!
  • Control your work environment – you call the shots!
  • Helping family out – a family business can help provide employment.
  • Changing gears in your career. Maybe it’s time for something new.
  • Parents buying businesses for their children – the cost can be less than a student loan!
  • It’s the American dream to go into business for yourself!

Why buy a business, rather than start your own?

  • There’s lower risk. An established business has a track record you can review and evaluate.
  • Established businesses are easier for first-time entrepreneurs. You have a proven plan and systems to keep you on track.
  • There’s less trial and error. Training is usually provided by the seller or the franchise.
  • It can be difficult to find traditional financing for a new business, but many owners offer seller financing.
  • When expanding current business operations, it’s often cheaper to buy than build.

Common Mistakes

  • Not doing your homework.
  • Not taking time to carefully evaluate the business.
  • Choosing the wrong type of business.

Do it right!

  • Do your homework, if you choose a business you like, you will put in 110%!
  • Evaluate the business. Ask questions, look at cash flow, assets and inventory.
  • Determine the true value of the business. Dissect the financials and profit and loss statements.

Ask an expert!

Talk to an experienced business broker to find the opportunity that’s right for you.

Biz Buys on New Radio Media

 

Learn more about buying and running a business!

Join Host Armen Nazarian and his guests on Biz Buys
LIVE every Wednesday at 1 pm EST on New Radio Media

Get it on Google Play Download on the App Store

New Radio Media - Live Streaming Video Podcasts on our Business Channel
February 19, 2018

New Radio Media – Business News That’s Wherever You Are!

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New Radio Media has business shows you won’t find on Detroit radio. In fact, the Business Channel lineup now features two live, weekly, interactive video podcasts that you won’t find anywhere else.

Talking Biz covers the latest business trends, both locally and nationwide. The show also spotlights local business news – bringing in entrepreneurs from Detroit and the surrounding areas to talk about how they have overcome obstacles to find their own unique success story. Hosts, Paul Bensman and Peter Perlman (both Detroit area entrepreneurs) add humor and insight with their own anecdotes. The audience is encouraged to call in with questions and comments during this weekly live show. It’s video, so you can watch – or just listen to the show like radio. A live streaming video is available on mobile devices – just get the free New Radio Media app. Missed the live show? Archived episodes are available on demand.  Whether you just listen, watch, or join the conversation, you’ll always find something interesting and be entertaining on “Talking Biz” every Saturday from 8 am – 10 am EST.

Biz Buys is hosted by expert business broker, Armen Nazarian. You might not know it, but there are real estate agents who specialize in helping people buy and sell businesses. You don’t have to start your own business; you can buy an established and proven business. From mom and pop stores to franchise restaurants to dry cleaning plants to assisted living facilities to bars and nightclubs – just about every type of business you can imagine is available for sale in Michigan, especially in the Detroit area. If you’ve been thinking about buying a business, Armen and his guests on “Biz Buys” will help you learn more about the types of businesses that are available, how a business is valued, what businesses are best for new business owners, what franchises are hot, what it’s really like being a business owner, and more. Watch this live video podcast every Wednesday at 1 pm (online or with the free app!), or catch up on episodes you missed with New Radio Media’s on-demand archives.

Don’t depend on one-dimensional Detroit radio stations for business news and insights. Click over to New Radio Media for live streaming business shows – and join the conversation!