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View Full Version : Buying a business or starting from scratch?


Steve
02-02-2007, 01:33 PM
Which do you prefer? Buying a business or starting from scratch?

Would you pay "$299,500 for a 20-year business selling and servicing small engines, lawn, power and marine equipment" ?

Some guts, some cash – and voila – you’re the boss (http://www.thenewstribune.com/business/story/6347359p-5531320c.html) - Admit it – you loathe your boss. If you could muster the chutzpah to start your own business, you’d quit your job and stick it to The Man.

Ken Hamman has some advice for you: Why start a business from scratch with zero customers? Buy an established business instead and improve it. He did.

After 15 years working the service desk for a Tacoma car dealership, Hamman bought the Precision Tune Auto Care outlet in Lakewood. Now he does for himself what he did for someone else.

“All it takes is to be able to greet customers, write up what they tell you, smile at ’em, treat ’em right … It’s so simple, it’s almost pathetic that more people don’t do it,” Hamman said.

Sound good? Let’s go business shopping – at the same place Hamman did – to see what’s on the market today. We’ll log on to www.mcmurryswift.com – a 25-year-old Lakewood firm that specializes in selling businesses.

Whoa. We have 11 diverse options:

For $299,500 you can buy a 20-year business selling and servicing small engines, lawn, power and marine equipment – including a 3,000-square-foot building near a marina about an hour outside the metropolitan area.

Steve
02-02-2007, 01:37 PM
Quote[/b] ]A brush- and small tree-removal service for $750,000.
Here is another business for sale. Would you buy this one?