It may be better to buy an established business than to start a business from scratch, as it gives you an immediate client/customer base and cash flow. However, you must thoroughly investigate the financial status, turnover and value of a business (always obtain an independent valuation). It's important to engage an accountant and lawyer at the earliest opportunity. A lawyer should be acting solely for you and not for any other parties in a transaction, and shouldn't be receiving commission from anyone involved.
Businesses for sale are advertised in specialist magazines, for example Business for Sale directory and some daily newspapers. There are also business migration agents in Australia and overseas who can help you buy a company in Australia, although their fees can be high. The purchase of a business must be conditional on obtaining licences, loans and other necessary funding, permits, visas and anything else that is vital to its success.
Looking for an international business opportunity? Why not run an AngloINFO site?
AngloINFO is growing fast and is looking for the right people to take on regional AngloINFO franchises around the world - click here to find out more!
AngloINFO Franchising: Be your own boss - where you want to be!
Do you dream of having your own, profitable, easy-to-operate business? AngloINFO might be the solution!
Now in its fifteenth year of business, AngloINFO is the world's leading network of expat information websites - with over three million monthly visitors from around the world.
We have an established network of 88 local websites in 41 countries with many more in development.
Our 54 local franchisees are the key to our success and come from a huge range of backgrounds, ages and nationalities. The common factor is a passion for success.