Saturday, October 14, 2006

Buying an existing business in the Keys

BUYING AN EXISTING BUSINESS.
There are opportunities for buying an existing business or starting up your own version. Utilizing a better idea or service, better marketing or any other angle that really makes sense to a customer is always welcome. I'd recommend you look at a business that is not just tourist related, one that will draw customers year round. If you currently have a business and/or have an entrepenurial spirit-you'll quickly see where the holes or opportunities exist here. Existing business's generally return at most about 10%...that is from strictly an investment standpoint- if you're going to be working the business-then there's management fees etc that you will keep.