CAN YOU BUY A BUSINESS WITH NO MONEY DOWN?
T Author:
Vanessa Lovie-Yousaf CEO Bsale Australia
P: 02 7228 0498 E: vanessa@bsale.com.au bsale.com.au Vanessa is the current manager and CEO of Bsale Australia. Over the past 11 years as a business owner, she understands what it takes to grow a business. As a writer and contributor on Bsale, she wants to bring informative articles that can assist people in the process of buying or selling a business.
echnically, yes. But is it that simple? No.
Here’s why, when you are buying a business you are committing yourself to the venture, you are investing your time, money and energy into the business to make it work going forward. So if you aren't willing to put any cash into the game, what are you actually investing and in-turn risking? It’s about commitment. Anyone who has owned a business knows it's nothing like real estate, especially in Australia. The real estate game in Australia is pretty simple, you buy a property, rent it out, the market increases, and you not only pay off your mortgage with rental income, but your property goes up in value. You get some tax benefits and it’s not that
difficult - you don’t really have to do much work. Yes there is risk, but not as much. Business is a whole other beast. You need to work at it, you need to invest your time, money and energy to make it work. That old saying “you need to spend money to make money” is pretty true when it comes to business, ask any business owner. So when people spout on about “buying a business with no money down” what are they talking about? Here are some of the options - because we all know no-one is giving away a profitable business for free.
1. THEY ARE BUYING A BUSINESS WITH PROBLEMS Put simply, not all businesses are successful. 41
