Price is often a defining factor when it comes to choosing the right business. But with so many businesses out there, it’s good to have an idea of what costs what.
To give you a rough figure, the average cost of a business for sale on SEEK Business is $342,000, but there’s something to suit most budgets. With franchises and independent businesses in every price bracket and across every industry, you’re sure to find one that’s right for you.
We’ve pulled together the most popular businesses for sale and divided them into price-brackets so you can see what your money can buy.
Low (less than $100,000)
Realistically, $20,000 is as little as you should be looking to spend on an initial investment. In this price range businesses are typically small owner-operator businesses, such as car detailing, cleaning and lawn-mowing.
Even at this low entry level, you’ll still need to put in a lot of effort to increase profitability to a level that will be rewarding for the time you invest.
Medium ($100,000 – $500,000)
There are more listed businesses for sale in this price bracket than any other onsite.
Other service orientated businesses, small manufacturing and retail operations (including florists, convenience stores, newsagencies, lottery outlets, and post offices) are also typically considered medium price range investments.
The sky’s the limit when it comes to buying at the top end. Businesses from $1- $10 million tend to be things like quality high-volume petrol stations, larger supermarkets, manufacturing companies, some engineering and construction businesses, even accommodation and other well-established businesses making substantial profits.
Often those in the million-dollar plus bracket are well established (with existing customers, trusted suppliers, high turnover, coveted locations, etc.) and have a lot of physical assets (like land, equipment and technology).
Now that you know what you can expect to pay, you can set your budget and get searching.
Before you commit to buying anything, make sure you understand all the expenses you could have to pay beyond the asking price. Check out our guide on what to expect when buying and establishing your business and avoid getting caught out with costs you didn’t prepare for.Tags: Due diligence, Business buying checklist, Buying a franchise, Buying a business, Finding the right business