Are you planning to enter a new business market in Dubai but don’t want to start from scratch? Do you want to run a business in Dubai but don’t have any new ideas? Do you want to expand your business reach in Dubai? If your answer is yes to any of these questions, you are a perfect fit to acquire a running business for sale in Dubai. After the COVID-19 pandemic turned the world upside down, a lot of business owners are looking for someone who can acquire their companies. In fact, at present, the trend of merging and acquisition is becoming a hot trend in the business landscape throughout the globe.

In this blog, we will discuss how to acquire or buy a running business available for sale. But, before that, let’s take a look at why business owners sell their businesses.

Why does a founder sell a running (and well-performing) business?

It is a common misconception that if a founder is selling a business, there must be something wrong with it. It might be either to fall apart or the financial state is in bad shape. This is, however, not the case every time you see a notice or ad of a running business for sale in Dubai online.

There are several reasons why founders sell their businesses. They could be in a different life stage when they are no longer fit to run their business and needs for the business no longer match their lifestyle. They may have grown bored with the existing business model and want to start something new about which they are more passionate.

In such cases, businesses are often financially sound and in good shape. When you acquire such a business that is already running very well and producing great revenue, there are fewer risks involved in it and great opportunities to grow and thrive in a competitive market like that of Dubai.       

Key Tips to Buy a Running Business for Sale

Know what you are looking for

Industry and Model: Find out what industry or areas you already have knowledge or experience in. Are you ready to take over a running business that involves emergency phone calls at odd hours? Or, do you want to buy a business that sticks to a traditional nine-to-five timing model?

Location: Figure out whether you are open to moving to a new location in Dubai or you need something close to your existing business or home. Or, are you interested in an existing business anywhere in Dubai or the rest of the UAE? Whatever your choice is, remember that location of a business affects labor costs, taxes, and other financials that can change the bottom line of a business.

Size: Think about whether you are looking to acquire a small family business or a large enterprise. While buying a large enterprise means bigger profits, it requires you to pay a higher purchase price and suffer more stress during the transition.            

Do Research on Running Businesses Up for Sale

There are several ways to conduct research. For instance, ask your friend who has successfully launched an app with greater future prospects and ready to move on to another project. Do you work in a small company? Find out if the owner is interested in selling his/her business. You should also search for “running business for sale in Dubai” in Google, Bing, or any search engine you use to see which companies are advertising to sell their business online. But be wary because, for every legitimate deal, you will encounter dozens of bad deals online.

Hire a Business Consultant/Broker in Dubai

Whether you have found a running business for sale you want to buy or you haven’t found any, hiring a business consultant or broker in Dubai will come in very handy for you. They will help you find and prescreen running businesses on sale for you, negotiate the terms on your behalf, and help complete all the documentation work. They typically charge a percentage of the purchase price and get paid only when you buy a business. So, proceed with caution while choosing a business consultant or broker.

In the end, we would recommend you to not complete the deal until you learn whether there are serious issues underneath a seemingly great deal or not. Have a business valuation performed by a professional, have a professional accountant evaluate the financials carefully, and then acquire the necessary funding to buy your selected running business for sale in Dubai.