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Where To Find The Perfect Business To Buy
By Tom Parsley
You dream of owning a business and experiencing its many benefits - freedom, power, wealth, and fulfillment. But you don't want to start a business on your own. There's too much risk and uncertainty. Plus, you don't know what you would want to do that could be successful.

Instead, you want to find an existing business or a proven business idea that you can operate successfully. But the million dollar question is: "Where do you find it?"

There are several methods of finding a business to buy, and each has its own benefits. Here are some options to consider:

Word of Mouth

This method of finding the perfect business to buy is very much chance-based and consists of someone telling you about, or you driving around and seeing, a business that is for sale. Due to its nature, you are exposed to a very limited number of businesses. And unless you are very lucky that one of the few discovered in this fashion is exactly what you want, this method is not very effective at finding the perfect business to buy.

Classified ads in the local newspaper

The old-fashioned method of finding a business to buy is to look in the classified ads in the local newspaper and see if any catch your eye. This is a very difficult way to find a business to buy for several reasons. One, the number of businesses-for-sale listed in the classifieds is very small compared to the overall universe of businesses that are for sale at any time. Two, classified ads typically present you with only three lines of cryptic text to give you background on the business. And three, classifieds do not have a search function so you have to spend a lot of time looking through all of the classifieds to find those businesses that interest you. While classifieds can serve a purpose in buying a business, they are not very efficient or effective.

Business Brokers

Business brokers are typically very professional and knowledgeable in the art of buying and selling a business. Plus they are skilled at helping sellers sell their business. But therein lies the rub - they are contractually obligated to help the seller sell the business.

Our articles continue...


They are not obligated to you as the buyer. Therefore, brokers will usually look out for the seller's best interests first, which means they will often only show you businesses that they represent. This severely limits your exposure to the number of businesses that are available for sale at any one time, which makes it an inefficient method of finding the perfect business to buy.

However, more common these days are Buyer Brokers. These business brokers represent you, the buyer, in your efforts to buy a business. This can be very effective because the broker knows how to navigate the process of buying a business. However, you often have to personally pay the broker to help you buy a business, which increases your costs. Therefore, it is often best to conduct a search for a business on your own, and then hire an attorney or experienced broker to guide you through the purchase process. But where do you search for businesses on your own?

Online marketplaces

Online marketplaces typically contain an exhaustive list of businesses that are for sale. Plus, it is easy to search these thousands of businesses instantly to find only the ones that meet your criteria. This makes online marketplaces the most effective, efficient and comprehensive method of finding the perfect business to buy.
There are many online marketplaces to choose from, but they are far from equal. Some have inadequate search functions, others are just interested in collecting listing fees from business sellers, and others do not offer the buyer tools to help make your search process easier. As a result, selecting a good business-for-sale marketplace is critical in your search for finding the perfect business to buy.

You want a site that allows you to search its listings for free, and has a strong search function to help you do it effectively. In addition, you want a site that allows you to save your searches and be alerted via email ("Email Alerts") anytime new businesses are listed that meet your search criteria. This saves you the time and effort of continuously searching sites everyday looking for the right business. Instead, the site does the work for you and presents you with businesses that are of interest to you.

Finally, you want a site that puts its money where its mouth is, one that charges sellers based on performance and not on a pre-set monthly fee. These sites are dedicated to helping match business buyers with sellers while lowering the cost of selling a business. As a result, these sites are very effective for both buyers and sellers.

Resources

* Find the perfect business to buy or franchise to buy,

* To find a broker to help you buy or sell a business, visit BrokerSource

* Sell a business or franchise quickly and easily

Article Source: http://www.articles-galore.com

About the Author
Tom Parsley is the President of The Business Market, an online business for sale and franchise for sale marketplace. Mr. Parsley has corporate and entrepreneurial experience with buying and selling businesses and his straight-forward writing style helps convey that experience to potential entrepreneurs.

Products and Services mentioned in this article are available
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<img src='http://assets.bizjournals.com/portland/news/Precision_castparts_Donegan_web*100.jpg?v=1'>Precision Castparts Corp. on Thursday said it gained ground in new markets as it boosted fourth-quarter and full-year sales by 16 percent. The Portland-based manufacturer of key metal components for commercial aircraft and energy markets (NYSE: PCP) reported earnings of $336.1 million, or $2.30 per share, on nearly $2 billion in sales for the final quarter of fiscal 2012. That was a sizable improvement over the prior year when it had earnings of $271 million, or $1.87 per share, on $1.7 billion...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_portland?a=qvmTq7HXiME:e_FwsKJAhPQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_portland?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_portland?a=qvmTq7HXiME:e_FwsKJAhPQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_portland?i=qvmTq7HXiME:e_FwsKJAhPQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_portland?a=qvmTq7HXiME:e_FwsKJAhPQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_portland?i=qvmTq7HXiME:e_FwsKJAhPQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_portland?a=qvmTq7HXiME:e_FwsKJAhPQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_portland?d=qj6IDK7rITs" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/bizj_portland/~4/qvmTq7HXiME" height="1" width="1"/>


PJM plans $2B in grid upgrades
PJM Interconnection said Thursday that its board of directors has approved more than 130 upgrades worth nearly $2 billion to the transmission grid it manages. The Valley Forge, Pa.-based grid operator and power wholesaler said the upgrades are necessary because of plans by generation companies on its grid to retire nearly 14,000 megawatts of generation capacity between May 2012 and the end of 2015. The capacity being retired consists mostly of older, coal-burning power plants, which are dirty and...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=yJKJZBKdmXI:r5tDAzFH9-M:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=yJKJZBKdmXI:r5tDAzFH9-M:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=yJKJZBKdmXI:r5tDAzFH9-M:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=yJKJZBKdmXI:r5tDAzFH9-M:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=yJKJZBKdmXI:r5tDAzFH9-M:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=yJKJZBKdmXI:r5tDAzFH9-M:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Firm trying to fight off GlaxoSmithKline takeover
<img src='http://assets.bizjournals.com/washington/news/2010/11/16/Human-Genome-Sciences-HQ_web*100.jpg?v=1'>Human Genome Sciences Inc, which has rejected a hostile $13-per-share offer from GlaxoSmithKline, has adopted a short-term stockholder rights plan to fend off such unwanted attention. Rockville, Md.-based Human Genome (NASDAQ:HGSI) said in a statement announcing the plan that it had declared a dividend of one share purchase right for each share of the company's common stock held of record at the close of business on May 29. Human Genome said that the rights plan was "intended to allow the company...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=z7F-cE8p0zE:z8b1elkninI:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=z7F-cE8p0zE:z8b1elkninI:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=z7F-cE8p0zE:z8b1elkninI:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=z7F-cE8p0zE:z8b1elkninI:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=z7F-cE8p0zE:z8b1elkninI:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=z7F-cE8p0zE:z8b1elkninI:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
The Barnes Foundation?s new home: Slideshow
<img src='http://assets.bizjournals.com/philadelphia/blog/peter-van-allen/1%20barnes%20and%20skyline*100.jpg?v=1'>The Barnes Foundation?s new site in Philadelphia will open this weekend. After a 10-year process that included legal wrangling and the raising of $200 million, the Barnes moved its art collection from suburban Merion, Pa., to a brand new, 93,000-square-foot building on the Ben Franklin Parkway. The collection includes works by Matisse, Picasso, van Gogh, Cezanne, Renoir, Prendergast, Monet and other masters. It will open to the public on Saturday. On Wednesday, officials unveiled the new site...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EAF-W5wkx3w:3ZtBF828zm4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EAF-W5wkx3w:3ZtBF828zm4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=EAF-W5wkx3w:3ZtBF828zm4:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EAF-W5wkx3w:3ZtBF828zm4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=EAF-W5wkx3w:3ZtBF828zm4:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EAF-W5wkx3w:3ZtBF828zm4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Comcast raising customers' Internet data limit
Comcast Corp. said Thursday it will raise its data transmission limit on residential Internet customers from 250 gigabytes per month. The Philadelphia-based telecommunications, media and entertainment giant said in a post on its blog that it will test two approaches, both of which will allow customers to send and receive at least 300 GB of data per month. One approach will give customers of its three cheapest Internet service plans a cap of 300 GB and give customers of more expensive plans higher...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=XUm-nzGA0BA:al0_VvAwdss:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=XUm-nzGA0BA:al0_VvAwdss:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=XUm-nzGA0BA:al0_VvAwdss:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=XUm-nzGA0BA:al0_VvAwdss:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=XUm-nzGA0BA:al0_VvAwdss:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=XUm-nzGA0BA:al0_VvAwdss:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Foreclosure filings up in Phila. region, down nationally: RealtyTrac
<img src='http://assets.bizjournals.com/denver/THINKSTOCKForeclosureForecloseCar315*100.jpg?v=1'>Foreclosure filings declined nationally in April but rose locally, according to RealtyTrac, the California company that tracks the data. RealtyTrac said foreclosure filings ? default notices, scheduled auctions and bank repossessions ? were reported on 188,780 U.S. properties in April, the lowest monthly total since July 2007. April foreclosure activity decreased 5 percent from the previous month and was down 14 percent from April 2011. One in every 698 U.S. housing units had a foreclosure...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=AmW2I5cBLgA:jtUFriw3ByQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=AmW2I5cBLgA:jtUFriw3ByQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=AmW2I5cBLgA:jtUFriw3ByQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=AmW2I5cBLgA:jtUFriw3ByQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=AmW2I5cBLgA:jtUFriw3ByQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=AmW2I5cBLgA:jtUFriw3ByQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
IBC Foundation donates money to PCOM center in Phila.
The Philadelphia College of Osteopathic Medicine Healthcare Center, Lancaster Avenue division, received a $50,000 grant from the Independence Blue Cross Foundation to implement a patient-centered medical home to improve primary-care services to residents in what the medical school described as an ?underserved and at-risk? West Philadelphia community. A patient-centered medical home is a team-based model of care led by a personal physician who provides continuous and coordinated care throughout...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EH-szWjc2TU:9XQLKMVJUek:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EH-szWjc2TU:9XQLKMVJUek:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=EH-szWjc2TU:9XQLKMVJUek:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EH-szWjc2TU:9XQLKMVJUek:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=EH-szWjc2TU:9XQLKMVJUek:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=EH-szWjc2TU:9XQLKMVJUek:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Auxilium says new patent further protects its Testim testosterone gel
The U.S. Patent and Trademark office issued another patent for Testim Thursday to Auxilium Inc. and FCB. Auxilium, a testosterone gel, is marketed by Auxilium (NASDAQ:AUXL) under a license from FCB of Mahwah, N.J. The patent, which the companies said claims certain pharmaceutical compositions comprising testosterone, is expected to expire in April 2023. ?We are very pleased that, in addition to the nine previously issued patents covering methods using Testim, the franchise is now further protected...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=bILGP66l1is:Q7V53LUYvcA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=bILGP66l1is:Q7V53LUYvcA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=bILGP66l1is:Q7V53LUYvcA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=bILGP66l1is:Q7V53LUYvcA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=bILGP66l1is:Q7V53LUYvcA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=bILGP66l1is:Q7V53LUYvcA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Atlas Resource to buy Barnett Shale reserves, raises guidance
Atlas Resource Partners LP said Thursday it has agreed to acquire 250 billion cubic feet equivalent of natural-gas reserves in the Barnett Shale formation in Texas for $184 million in limited partner units. The Philadelphia-based partnership struck the agreement with Titan Operating LLC, a privately held company based in Fort Worth, Texas. Atlas Resource (NYSE:ARP) said the deal has been approved by its board of directors and will be effective as of Jan. 1, 2012. It expects the deal to close in...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=IrKKouh_hTA:T0cgHMh8-4Q:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=IrKKouh_hTA:T0cgHMh8-4Q:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=IrKKouh_hTA:T0cgHMh8-4Q:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=IrKKouh_hTA:T0cgHMh8-4Q:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=IrKKouh_hTA:T0cgHMh8-4Q:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=IrKKouh_hTA:T0cgHMh8-4Q:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Peco announces tree pruning locations in Delco
Peco Energy Co. said Thursday it will spend $1.4 million pruning trees along 300 miles of aerial electric lines in Philadelphia and Delaware County. The Philadelphia-based electric-and-gas utility said the pruning will begin at the end of May and continue through early September. A list of the Delaware County communities that will see the pruning is here. The subsidiary of Chicago-based Exelon Corp. (NYSE:EXC) will spend $28 million on its vegetation management program this year.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=iFmFwuP3_SE:mjDh-dXXbio:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=iFmFwuP3_SE:mjDh-dXXbio:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=iFmFwuP3_SE:mjDh-dXXbio:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=iFmFwuP3_SE:mjDh-dXXbio:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=iFmFwuP3_SE:mjDh-dXXbio:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=iFmFwuP3_SE:mjDh-dXXbio:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>
Philadelphia's 30 MVPs of the past 30 years: Slideshow
<img src='http://assets.bizjournals.com/philadelphia/news/30%20MVP%20Banner%20fixed-0-549-1496-1193*100.jpg?v=1'>In June, the Philadelphia Business Journal celebrates 30 years of coverage and connections, and we?re sharing the love with special recognition for the individuals and organizations who have made extraordinary contributions to the region over the past generation. With input from readers and editorial staff, we came up with a list of 30 people, companies and organizations that we believe have had major, lasting significance and deserve to be called Philadelphia?s Most Valuable Players (to see...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=DHuShDtG0j0:y_x68cyi0Fw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=DHuShDtG0j0:y_x68cyi0Fw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=DHuShDtG0j0:y_x68cyi0Fw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=DHuShDtG0j0:y_x68cyi0Fw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?i=DHuShDtG0j0:y_x68cyi0Fw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_philadelphia?a=DHuShDtG0j0:y_x68cyi0Fw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_philadelphia?d=qj6IDK7rITs" border="0"></img></a> </div>


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