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out of work looking to buy own business

100k to invest in existing business in coastal sc. have two small kids and don't want to work 80hr week. any advice for first time venture?

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Answers (11)
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Jan 22, 2017
Rich DeLuca
TransWorld Business Brokers
Williamson County, TN

David, Call me. I have a territory available in Charleston, SC. Cost is $65k. Our Panama City, FL territory had a NET of over $170,000 their 1st year (2008) . Rich 615-771-5305

Jul 8, 2009
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AJV Consulting Group
Philadelphia County, PA

I am a franchise consultant who has experience as a franchisee and has worked for a franchisor. I will do a free consultation. My website is www.ajvconsultinggroup.com
Tony Visconto 215-763-2947

Jul 8, 2009
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Auditor
USA
TX

David,

What do you do well? Most of these brokers have something they want to sell you, but you have to ask yourself... What makes sense for me? Don't let desperation push you to buy a business that you couldn't see yourself working at for quite some time. You are buying your next job. I would assume you could buy (with leverage) some fast food franchise (Subway etc), but it depends on whether you can personally accept making $60 - $80 thousand a year for the next 5-8 years....

Jun 26, 2009
Eric Little
Right at Home, Inc.
SVP
Douglas County, NE

Hi David,

I like Mr. Ireland's post - you should ask yourself some questions before venturing too far down this path. Interestingly enough I wrote a short post on a similar topic on my blog this morning.

What my post basically said was to ask yourself what you are willing to do to achieve your goals. Most things worth having are usually hard to get and require some sort of commitment, and maybe even a short term sacrifice.

You must have reasons that you want to own your own business. What are they? What are you hoping to accomplish through business ownership? How far are you willing to go to achieve that goal?

I presume from your post that you are interested in that highly coveted work/life balance. I think a lot of people are searching for that right now. I guess my question would be, "What are you willing to do to get it?"

I hope this helps!

Jun 26, 2009
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AIMS ATM
TX

become a ATM MACHINES DISTRUBUTOR IN YOUR AREA WITH AIMS ATM LLC . ALL UR INVESTMENT SECURED AND GAURENTEED , all u have to do find good locations to place atm machines . if u intrested contact asap

Jun 25, 2009
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Franchise Advisory Group
PA

David,

I also forgot to mention that because this is a Franchised Auto Repair business, you do not need experience in this industry. The Franchise will provide full training and support.

Jun 24, 2009
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Franchise Advisory Group
PA

David,

I have a existing auto repair franchise for sale in Columbia SC. The price is right in your ball park and I might be able to assist you with financing some of the money, so you don't have to use the entire $100K. I am not sure how far Columbia is from you, but if you are interested, please contact me at david@franchiseadvisorygroup.net.

Jun 24, 2009
Dorothy Herbinger
Southwest & Tropical, Inc.
Business Owner
Pasco County, FL

My established business sells home and garden products - furniture/home decor; outdoor pottery/statuary/fountains etc. We would like to retire and would consider all offers. Look at website www.southwesternaccents.com and contact us after reviewing if this venture looks like one you would be interested. Contact info on website.

Jun 24, 2009
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Chemung County, NY

I have a business for you depending on your background.
Give me a call at 607-846-5569. Thanks. Joe Sabin

Jun 24, 2009
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How to Buy a Business
WA

Not much to add here other than: are you clear on what type of business you would enjoy owning? Having some sense of the answer will go a long way towards helping you find the right one.

Jun 24, 2009

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