07 Feb Best Businesses To Buy In 2018
If you’re looking to buy a business this year, you may feel overwhelmed by all of the choices. There are so many options and considerations, it can be hard to know where to start.
At A R Business Brokers, we always advise our clients to do their homework. It’s vital that you learn as much as you can about a business before preparing an offer.
However, what we often hear from clients is that they don’t how to do the background research. They want to purchase a solid business, so they can generate a healthy revenue and thrive, but they don’t know what kind of business will be a good investment going forward.
Here are some suggestions for the best businesses to buy in 2018:
Healthy Food Establishments
More than ever before, people are looking for healthy options when they go out to dine or prepare food at home. From millennials to baby boomers, people are enjoying lighter food selections, fresh/locally-sourced ingredients, and natural foods that are not heavily processed.
This is more than a trend, it’s a growing industry.
Consumers are educated when it comes to their food choices — and with the internet, they have access to endless information to guide them.
Whether you are planning on purchasing a restaurant, a health food store, or a grocery store, you will want to examine the health food industry. Establishments that offer healthy food choices tend to appeal to people who are willing to spend more money on quality ingredients and food.
Every day, whether we notice it or not, we are exposed to new forms of automation. These technologies may be POS systems, industrial machinery, or automated customer support online.
There are constant advancements in automation technology and it is one of the fastest growing industries in the world. It is also one of the more volatile industries, so it is important to consider businesses that are embracing the technology.
When researching your options, consider businesses that are looking to streamline operations, reduce labour costs, and enhance user experiences by investing in artificial intelligence (AI) and other forms of automation technology.
Another growing industry is self-storage. This business venture is one that has steadily grown over the last decade.
Storage is an ongoing need in our culture. Whether you’re a homeowner with too much stuff, a business owner that needs space for archival files or supplies, or someone who has inherited items with no place to put them, there are a million reasons why people use storage facilities.
Lifestyle also plays a role in the growth of self-storage facilities. Interestingly, despite the fact that millennials are not buying as much “stuff” as other generations before them, they are still purchasing storage units to store their possessions, as they travel for work and pleasure.
We recommend considering locations experiencing growth and find businesses that offer niche storage for high-value items, like wine or boats.
We believe that 2018 will be a great year to buy a business. Contact A R Business Brokers and we’ll help you make the right decision.