Business Brokers of Austin, Texas

VR Mergers & Acquisitions / VR Business Brokers located in Austin, Texas

 
Advantages of Buying vs. Starting a Business in Austin, Texas
  • Fact: Even in Austin, 80% of new businesses fail in the first 3 years!

    Fact: Most established businesses in Austin continue to be successful!

    If you are motivated by personal accomplishment, stimulated by an old-fashioned Texas challenge, and want to be your own boss, then business ownership is for you. However, let someone else take the risk and high cost of starting from scratch. Buying an established business in the Austin area provides you with two of the three necessary components of success - a proven location (or customer base) and the right product. You provide the third ingredient - management.

    What are some of the likely advantages of buying an established business in Central Texas versus starting a new one?

    1 The market may not support another competitor, such as in smaller towns in Williamson and Hays County

    1 Buying an existing Austin-area business can get your enterprise up and running quickly

    1 A successful Texas business may stay successful while you get up to speed

    1 Your new business may already have the equipment and assets you want and need to do business in Central Texas.

    1 Set-up and installation costs are cheaper or non-existent

    1 The old clientele may well become your new clientele

    1 By buying an existing business, you can get the "best" location or acquire a favorable lease

    1 Expenses and revenues are known

    1 Buying an established business in Austin or other Central Texas cities may make it easier to get licenses and permits

    1A already-successful business owner usually finds it easier to get loans and financing from Texas banks or other sources

    1 Intangibles: Goodwill / Brand Name - from Day One, your business is familiar to potential customers.

    1 Supplier relationships are established

    1 Trade credit may be established

    1 Inventory is in place

    1 By buying an established Austin-area business, you can get key employees on your team

    1 Trained, experienced employees and staff come with the business.

    1 By buying a Central Texas business instead of starting a new one, you may prevent competitors from entering your chosen area

    1 Since the business isn't brand new, there is usually little competitive backlash or reaction

    1You may be able to use the experience and advice of the previous owner
     

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Each office is
independently owned
and operated

Our office is owned by

Summit Single Star Business Group, LLC.

11940 Jollyville Road,
Suite 130
Austin, TX 78759

Phone 512 - 340 - 0181

Fax 512 - 340 - 0182
E-mail Us