Blog for Business Buyers and Sellers

As an entrepreneur and business consultant who has bought and sold many businesses, I am always surprised by how many people ask me how to find a liquor store for sale.  One would think that despite the potential sales volume, state regulations would be too much of a hassle to buy a liquor store, but that must not be the case.  Historically speaking, any time I’ve seen a “liquor store for sale” it hasn’t remained on the market for long. 

If you are looking for a turnkey business opportunity that has a built-in customer base, then you may want to buy a convenience store. Depending on where you live and how much demand there is for convenience stores in your area, there are usually a few good convenience stores for sale.  The question is, when you find a convenience store business for sale, how do you know if it is a good deal?

Doing your “due diligence” is important when considering any new business venture but in this current economic climate, many of the convenience stores for sale may be showing signs of distress.  Whenever you see sparsely filled shelves, broken gas pumps, or other parts of the business in disrepair, it may indicate that they buyer is highly motivated to sell.  However, it could also indicate that the store has not been profitable for awhile, or may be suffering from a bad reputation. 

Perhaps owning your own restaurant or bar has been a lifelong dream, or you are looking for a new business opportunity in your area.  Skeptics may tell you that owning a restaurant is a risky venture, and that most restaurants go bankrupt within a year of being sold, but not if you avoid the most common mistakes.  Before you start searching for restaurants and bars for sale, the most important thing to do is avoid the common pitfalls.

Find out if you are a good candidate for owning this type of business before you consider buying an existing bar and restaurant for sale.

Going into business for yourself can be a rewarding experience, but you don’t need to start from scratch.  It is possible to buy a lucrative existing business in almost every field, from pizza shops to service stations.   If you are looking for a furniture store for sale, then check the online business directories for existing furniture businesses and opportunity in your area. 

The most successful type of furniture store for sale may not be the obvious one; it could be a highly specialized business. Specialty furniture stores are those that sell only a certain kind of furniture, such as children’s bedrooms or office décor, but they can also include furniture business opportunities in servicing or repairing certain types of furniture.

If you are looking to start a business that allows you to work from home, then it may be hard to know for sure which one is will work best.  Oftentimes, if you search online for “best home business to start”, the results you get are likely to revolve around internet marketing and will seem too good to be true.  So what are some of your other options for the best home based business to start? 

Here is a sampling of the most popular home based enterprises:

  • Yoga Instructor or Personal Trainer – why not share your expertise with individuals who have an interest in improving their health through exercise or yoga?  If you have the space in your home, you can start a yoga class there, or perhaps offer to come to your clients’ homes for a personalized training session.
  • Consultant or Business Coach – If you have experience in the corporate world or you are considered an expert in your profession (marketing, finance, legal compliance), then becoming a business coach or consultant may be the best home based business to start.
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