Many people dream about starting a business and being an entrepreneur. Unfortunately, it's tough to stay profitable, and many new businesses fail. Instead of gambling their hard-earned money on a startup, some aspiring business owners purchase an already successful business or open a franchise.
Purchasing an established business is less risky because it has proven itself to be profitable. If you're interested in buying a business, here are eight websites to help you find the perfect business.
Editor's note: Considering opening a franchise? If you're looking for information to help you choose the right one, use the questionnaire below to have our sister site provide you with information from a variety of vendors for free:
BizBuySell.com claims that it's "the internet's largest business for sale marketplace." It offers users options to buy a business or franchise, sell a business, find help with financing and more. Users can search for businesses by category, state and country. They can set up a minimum and maximum price, search franchises by type, state and the amount of money you have to invest. Another helpful feature is being able to search for a business broker near you.
With BizQuest.com, users can browse businesses and franchises for sale by state, top cities, popular businesses for sale and popular restaurants for sale. BizQuest also has perks for sellers too, including posting ads that are shared on the company's partner websites such as The Wall Street Journal and The New York Times. Users can also find a broker on this website.
BusinessBroker.net has more than 30,000 business-for-sale listings. On the website, users can search for businesses and franchises, find brokers, and see listings by industry and location. BusinessBroker.net also has a finance and loan center that offers professional help to guide you in your business-purchasing decisions.
This website currently has more than 73,000 business listings in the United States and around the world, including available franchises. Users can search by business sector, location and business requirements, such as "work from home" or "owner-financed," to find a business suited to their wants and needs. BusinessesForSale.com also has features such as email alerts and a service directory for those who need accountants, brokers and lawyers.
BusinessMart.com has both businesses and franchises available as well as resources and services to help with funding. Users can search by location and business category. Users who are interested in franchises can search by available capital. BusinessMart.com offers ad listings that reach thousands of buyers. Additionally, the site allows potential buyers and small business owners to receive quotes from vendors for services such as phone systems and credit card processing to help grow their businesses.
6. DealStream.com (formerly MergerNetwork)
DealStream.com has a database with more than 40,000 listings, including businesses for sale and investment opportunities. Sellers can post ads for free and connect with more than 500,000 entrepreneurs, investment bankers and business brokers.
7. Franchise Gator
Franchise Gator only lists new franchise opportunities, but it has hundreds of listings. Users can search for a new franchise based on location, industry and category, amount of money they plan to invest, and top franchises. Potential owners can also sign up for Franchise Gator's newsletter that features expert tips on buying a franchise and running a business. [Related: 50+ Franchises for Every Budget]
With more than 500,000 commercial listings available, it's easy to understand why LoopNet.com is a reliable resource for discovering businesses for sale in any region. LoopNet is available in app form (on Google Play and in the App Store) to browse listings whenever and wherever, making it easier for business owners and entrepreneurs with busy schedules.
Additionally, the site has partnered with commercial real estate firms, including Century 21, Cushman & Wakefield, CBRE, Sperry Van Ness and Re/Max Commercial. Sellers can add a listing to market their property.
Additional reporting by Brittney Morgan (Helmrich) and Shannon Gausepohl.