Whether you’re looking to start your own business or buy an existing one, the first step is to find something you love to do and understand. If you’re considering purchasing a business in Wales, many options are available, from small home-based businesses with low overheads to larger businesses requiring large amounts of capital investment and offering significant potential returns in the long run. Here are four types of established businesses for sale that might be worth considering when it comes to buying a small business for sale in Wales.
Pub businesses for sale
Pubs are a fantastic investment opportunity, with the average investment being around £150k to £350k or more. Pubs are a stable business as they offer a service that will always be needed and has historically been recession-proof. There is also the potential for pubs to gain new trade from food outlets and shops, making them an all-around solid purchase. Pubs can be hard work, though, so you need someone who’s willing to put the time into running it well. So if you’re looking for something more hands-off, check out bars or clubs – they’re often easier to maintain with less staff but might not offer as much stability as pubs do.
Care businesses for sale
Care homes are an excellent investment because of the high demand for these services. The care home industry is growing by about 5% annually, which is expected to continue. Recent news reports also indicate that the UK government will be spending more money on social care as more people enter retirement age. This means there should be enough funding available to meet demand, at least in theory.
Coffee shops for sale
Coffee shops are great because they’re usually a destination spot and offer an experience people can’t get at home. This is especially true in big cities like Cardiff, where coffee shops are often places to meet up with friends, have meetings, and work on your laptop. However, they also appeal more broadly than just coffee lovers – people who enjoy tea or pastries also visit these establishments. In Wales, a boom in third-wave cafes (places with high-quality coffee) has helped fuel the industry’s growth.
Gym businesses for sale
If you are interested in buying an existing business for sale, consider purchasing a gym for sale. These types of businesses have recently seen massive demand in Wales, especially after the COVID-19 lockdown, as people are looking to lose weight from their lockdown eating.
Where to browse the best businesses for sale in Wales?
The best place to browse businesses for sale in Wales would be to use an online directory of businesses for sale. These directories offer multiple businesses for sale across the UK and in many different industries to help you find your ideal business opportunity.
Final thoughts on buying an existing business for sale
Buying a business for sale can be a great way to get started with your own business and get an edge over your competition as soon as possible, but it’s crucial you do your research before investing in any business for sale to make sure the business you choose can suit your needs and exceed your expectations. If you want to learn more about starting your own business in Wales or buying a business in Wales, make sure to read our business news for more information on these topics.
