Buy an existing business

If you're thinking about running your own business, buying a company that's already established may be quicker and easier than starting from scratch.

However, you will need to put time and effort into finding the business that's right for you. Also, the costs involved in buying an existing business can be substantial and should not be underestimated. See make sure a business is worth buying: due diligence.

This guide takes you through the steps of buying an existing business, including how to assess and value a business, your obligations to any existing staff and where you can get professional help. It also highlights the advantages and disadvantages of buying an existing business.