If you’re looking to break into the business world, buying a turnkey business is the perfect place to start. But what is a turnkey business? Well, the clue is in the name. Effectively, a turnkey business is set up and ready to go as soon as you buy it. Just turn the key, and you can get started.
Here’s your ultimate guide for the ten places to find turnkey businesses for sale. We’ll list the most reputable sites where you’ll find thousands of options, no matter your budget or requirements. Before we start, though, let’s review some of the benefits of turnkey businesses. We’ll unpack why you should buy a turnkey business over other models.
If you’ve ever started a business or even done a bit of research on the subject, you’ll know how much time and energy people invest to get a business off the ground. The startup logistics can take months or even years. There’s so much to think about, and a lot of knowledge is required across many different domains. Even the most experienced businesspeople will tell you how much of a hard slog this can be.
This brings us to the main benefit of a turnkey business. When you purchase a turnkey business, the seller or provider is responsible for ensuring that the business can be operational immediately after the sale. This means you don’t have to worry about, for instance, creating a business plan or a brand identity.
A turnkey business is often confused with a franchise. However, a franchise is somewhat different. With a franchise, you can buy one branch of an already-established brand. For instance, you can buy a franchise of a fast food chain and operate that location. A considerable benefit of this is that you can capitalize on the brand loyalty that customers already have to this chain without establishing yourself. While you do have to follow the rules and regulations the parent company sets in the contract, you’ll often find that you’re able to get started and turn a profit in record time. In some ways, franchises can be a type of turnkey business because they’re ready to go as soon as you sign the contract.
Regardless of whether you want to buy a franchise or another type of turnkey business, you’ll save yourself a lot of time and trouble in the initial phases. It may cost you a bit more initially, but if you play your cards right, the payout could be significant.
If you’re interested in buying a turnkey business, you may be wondering where you can find these opportunities advertised. From a quick browser search, thousands of websites claim to be the best place to buy your turnkey business. However, you’ll want to look somewhere reputable. Trusted websites will vet their advertisers so you can avoid scams. Here are our ten picks for the best places to buy your turnkey business.
Empire Flippers is our ultimate hack for finding turnkey businesses. This website has been featured in publications like the New York Times and Forbes – it’s just that good. Empire Flippers has an incredibly user-friendly interface to streamline your searches and make browsing so much easier. This means you won’t have to spend hours scrolling through unsuitable options. You can also add businesses to your watchlist. Another feature we love is the Verified Buyer feature. By simply providing proof of the money you intend to invest, you’ll be able to access a whole bunch more information about the businesses listed.
BizBuySell hosts thousands upon thousands of advertisements for turnkey businesses every year. No matter what type of business you’re looking for, you’ll find it on BizBuySell. From medical practices to food trucks, there’s a bit of everything. We love that you can search for franchises separately, so if you’re looking to get into the franchise game, this website could be a great asset.
Flippa really means business. This no-nonsense website aims to help you find the business you’re looking for quickly and easily. Not to mention, it’s free to register as a buyer. Flippa features a lot of e-commerce businesses and websites, so if you’re looking for something in the online space, this is a great place to start. You can separately browse apps, websites, and e-commerce ventures for sale to find the ideal choice for you.
If you’re on a quest to find the perfect turnkey business, look no further than BizQuest. This is a great place to look if you want a physical business, as you can search separately by state or city. There are also separate tabs for franchises and real estate to refine your search further. If you’re interested in going through a broker, you can also find them on BizQuest. Try searching for a broker that deals with businesses in your local area.
For those familiar with LoopNet, you probably know it best for advertising real estate opportunities. However, did you know that Loopnet also promotes businesses? Each listing provides a significant amount of detail, even if you’re not signed up with an account. This way, you can easily compare different opportunities. Whether you’re looking in the real estate industry or elsewhere, LoopNet is bound to have a listing that piques your interest.
Quiet Light are the experts at pairing potential buyers with the perfect business for their needs. They are specialists in online businesses, listing a variety of Amazon FBA businesses, membership services, and e-commerce opportunities. Quiet Light even features smaller ventures like successful blogs. If you’re not convinced yet, check out the “Success Stories” tab, highlighting happy buyers and sellers.
With a 94.1% success rate, FE International are masters at finding you the right turnkey business for your needs. They are committed to thoroughly evaluating each business advertising with them to ensure their customers are completely satisfied. FE International values transparency. This is why they’ll provide an incredible amount of detail about the business you’re interested in to ensure it’s right for you. Basically, FE International is a safe bet.
If you’re trying to break into the startup game, here’s the service for you. Acquire.com are the startup experts. They want to help you find the perfect startup and begin your journey as soon as possible, in as little time as a month. If you’ve tried to buy before, you’ll know how frustrating it can be when you express interest and get few to no replies. With Acquire.com, customers love how responsive sellers are and how much information they can access about businesses.
For turnkey franchise opportunities, check out Vetted Biz. If you’re looking to buy a franchise or simply get more information about the franchise landscape, this is a trusted site. Their search tool features thousands of listings, anything from insurance to hospitality to retail. They list some big names, so you know you’re dealing with the professionals. Browse their more than 7000 options today.
While some of the above options cater to particular industries or categories, such as startups or franchises, BusinessesForSale.com keeps things broad. It features a wide range of different turnkey business options. Whether you’re looking for something online or bricks and mortar, franchise or standalone, this site has something for you. If you’re just starting out and trying to get a lay of the land, BusinessesForSale.com is a great place to start.
Now you know where to look, you’ll need to know how to buy a turnkey business. This can be a rather difficult area to navigate. Here are some top tips to help you avoid falling into common traps when buying.
Before you start searching, it’s wise to at least have a vague idea of what you want. For instance, do you want a standard turnkey business or a turnkey franchise? Do you want an online or physical business? As mentioned above, these all have their positives and negatives. It may be best to sit down with a mentor or trusted advisor to narrow down your requirements.
Generally, there is a reason why businesses are for sale. In some cases, this may be a change in circumstance, but in other cases, the reason may be more of a red flag. Rather than just taking the stated reason at face value, do your research. Ensure you gather as much information as possible about the profit margins, valuation, and operation costs. Look into any changes in circumstances.
If you think you’ve found a business you want to buy, make a preliminary plan. Try to roughly cost everything, from the cost of buying the business to anything else upfront that you need to invest. Investigate what type of financing you will use. With a turnkey business, upfront costs should be comparatively minimal but still exist. Ensure that you have the means and resources to invest in the opportunity. Otherwise, you may have to choose another business.
A turnkey business is a fantastic opportunity, particularly for first-time business owners. Because it’s all ready to go with minimal setup required, you’ll save a lot of time and reduce any initial difficulties. If you’re interested in a turnkey business, there are several reputable websites you can consult to find the right opportunity for you. We love sites like Empire Flippers. However, like any venture, buying a turnkey business can be risky. Ensure you do your due diligence and carefully plan your finances before jumping in.
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