Buying a Shop
Buying a shop is a popular and relatively safe way of starting in business.
Buying an existing shop, where a lot is known about customers, what stock to
keep, turnover and profit, is the safest option and generally banks will be
happy to lend money where the returns are known to be reasonable. Another option
is to open a new shop, and while this can be cheaper than buying a going concern,
the risks are also higher. Either way there are a number of common factors to
be taken into account, which are explained in the guide. They include:
- What to consider when buying an existing retail business
- What to consider when buying new retail premises
- Choosing the right location for a shop
- The costs of buying a shop
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