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Business for sale in India - How to ensure authenticity?

Introduction:

Buying a business for sale in India is a very important decision. You will be putting in a lot of money and time, and you must ensure that all the hard work is worth it. Buying a business can also incredibly profit you, with the benefit of receiving immediate cash flow. You must look out for many options as you can before investing such a huge amount of money. Buying a new business has many perks but also many risks. Thus, it is essential to be cautious before deciding on anything long-term.

The risks as mentioned above must be taken care of, especially that of scams. It is important to stay away from false statistics or false stories to convince the buyer to buy the business.

According to a study, there are about 15 members for every business listed for sale. In this article, we shall talk about businesses for sale in India and how to ensure authenticity.  

What to ensure before buying a business?

• Tax History: It is absolutely important to check the company’s tax history. Tax history can tell you a lot about the company’s authenticity. You must also make sure they have paid all their taxes legitimately and on time. This can also help you understand what kind of people the current owners are. 

• Understand why they are selling the business: When you are buying a business that is on sale, make sure you find the entire reason behind why they are selling it. It is essential to know the whole truth, and better to walk away when you spot any red flags like bank fraud allegations on the previous owner. This would help you understand the history and decisions made by the company. 

• Look out for profitable businesses: Before deciding on a business, read and research about the product they are working with and its prevalence in the current world. It is important to check whether it could be franchised in the future, what the locals feel about it, or how useful the product would be to the buyers. This will help you decide if this would be a profitable investment.

• Family-owned business: According to a PWC survey, only about 20-25% of people plan to change ownership to the next generation within the next 5 years. A good business is based on the owner's legacy, so it is important to pass the legacy to a better person on the exit.

• Get to know the owner better: As mentioned before, it is important to know the owner's history and character. This could help you understand the methods and ways the company has been running with. It can also help you understand how the owner has been treating the employers all this while. 

 Conclusion:

According to reports, about 50% of businessmen reject or ignore business selling ideas because of the complicated processes. So, when you are looking for businesses for sale in India, it is advisable to develop a good relationship with the seller, which would enable you to share ideas and help each other during this complicated process.

Simplified Marketplace is an online platform that is ideal for business buyers, sellers, investors, fund seekers like startups, and franchise buyers and sellers. We provide a common platform for all the aforementioned business entities to easily browse and connect with potential prospects to fulfill their business needs.

You can find various opportunities on Simplified Marketplace. With a few simple steps, you can turn your dream into reality. 

 

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