When you think about making the decision to run your own business, it’s typical to imagine owning your own premises. Whether it be in the form of a unit in the heart of a central business district or on an out of town industrial estate, your premises are what will consume the majority of your business’ revenue. Once you take into account business rates, rising energy prices, maintenance, insurance and a variety of other endless outgoings the grand total can be enough to scare anyone into shutting up shop before you’ve even opened your doors. Buying a home based business for sale can therefore be an attractive option.
One rising trend in new business start-ups, particularly in the service sector; to avoid expensive overheads, is to set up your business in your own home. After all, some of the world’s strongest brands and businesses started in someone’s front room. The likes of Facebook, IKEA, Jo Malone, eBay, Amazon and plenty of fish all, at some point in time, operated out of someone’s front room, empty loft space or even garage. If you’re the type of person who spends half their working week sat in the rush hour traffic, operating from your own home can certainly be an attractive option. There has been one key change over the last twenty years in society that has enabled business operations to take place from just about anywhere, the internet. Utilising this ever so useful tool to its maximum potential will be key to the success of any business wishing to raise trade without their own premises. Even the ones with a premises have to use their online presence to attract custom. However dependency on gaining customers and interest from the internet alone can be a gamble despite your business being ‘the next best thing since sliced bread’, attracting some initial custom can make or break your business. For these reasons buying a home based business makes perfect sense.
One alternative, often overlooked by many new start-ups, is to purchase a competitors contract book or database. The benefit of this being that there is no chance in wasting money through marketing campaigns that fail to deliver promises of more customers.
Hilton Smythe currently have a collection of home based businesses for sale and in this article, we are focusing on an exclusive sale of cleaning contracts in the Hertfordshire area, an ideal opportunity for someone already in the cleaning industry or someone wishing to put themselves out there, but worried about marketing strategies and building up a loyal customer base. The purchase of the contracts would also include extensive information about each client’s specific needs and the standards that are expected. Such information would prove a valuable asset to any newbie to the industry willing to step up to the mark. This listing also includes access to our clients accountant who will be able to talk through aspects such as profits, margins and growth over the past five years; another valuable source to any new start up business within this sector. Combined with an existing pool of loyal staff also means the buyer will have access to industry knowledge that is second to none. With an attractive asking price and also the owner’s knowledge available during the transfer of contracts this would be an ideal established business opportunity.
For more information about this exciting opportunity and our other listings please contact our advisors on 0845 519 8809 or leave your details below.