Shops can be set up from scratch or taken on as a going concern by buying an established business.
A moderate investment is required when setting up from scratch, together with the need to research thoroughly both the market and the proposed location.You start with a blank canvas but can create a lasting and growing empire to be proud of.
Buying an established retail business is the most expensive option but it benefits from the security and goodwill of an existing client base and an established location. The risks of an all-new venture are reduced, as you have access to the business’ accounts and can judge whether fresh impetus will even improve takings.
For more information about these two options see ‘Buying an existing business
v setting up from scratch’
