Why?…do people buy businesses

Independence – own your own business and you are the boss, you make the decisions, you control your destiny, and you have opportunities for personal growth. Employment – still the #1 motivation for business ownership, “buying a job” for you and your family, and particularly for immigrants (who enrich our country culturally and financially!) Security – with unemployment high, and redundancies constantly in the news, owning your own business provides a solid safety net. Profits – yes, a business has to make a profit to survive, but many buyers are not truly entrepreneurial and are happy if they have a business that provides a secure and comfortable living. Lifestyle – it is great to own a business allied to a hobby or passion, (e.g. a bookshop, sports, music, food, etc.) or a lifestyle change such as a country store or a beach store. Challenge – for some investors the focus is on building the business, growing sales, increasing profits, or tapping the potential. Most businesses we see are improvable. Our surveys consistently show owning your own business is the best investment – offering exceptional returns on capital even after taking out a market level salary. Bruce Rylance. Senior Benchmark Business Broker