Buying a business in Moscow: benefits, risks, paperwork, and choosing your niche.
Purchasing an Established Business in Moscow.
Starting a ready-made business from scratch is quite difficult in large cities, as evidenced by the situation in Moscow, where it is practically impossible to create from nothing a venture that will be able to compete with its counterparts.
In such a case, considerable resources and time will be spent on establishing a new business, its development, and carrying out marketing and advertising activities to attract customers and find reliable partners.
That is why in Moscow, as well as in the rest of Russia, another trend familiar from Europe and the USA has taken hold: buying a business.
Buying a business significantly saves your time and financial costs, since certain assets already exist, a development plan for the business has been prepared, relationships with partners are established, and there is recognition among customers in a particular market.
Purchasing a business is considered an optimal option when you want to save time, money and effort that are so necessary when starting your own venture.
To ensure that the purchase is carried out as effectively as possible, one should pay close attention to the stages of the sale process, which in most cases include:
- Analysis of the assets provided by the representatives of the business for sale; all information regarding models and the dates of purchase of the inventory should correspond to the data stated in the relevant documents.
- It is important to check the information regarding the debts and fees of the business being acquired so that you do not end up paying off someone else's liabilities later.
- Find out whether the rights to the corporate identity of the business being purchased—its brand, emblems and other distinctive elements—will transfer to you.
- Check the reputation of the established business.
- Analyze whether the qualifications of the business's employees correspond to the stated indicators.
- It is important to understand the seller's motives for selling this established business.
- Verify information about agreements under which the value of a business's assets may change.
The range of factors to consider is much broader and varies for each specific case of purchasing an established business.
The process of buying an established business is quite complex, so many business owners prefer to entrust this matter to professionals in the field.
You should understand that specialists in selling established businesses can account for all such nuances while complying with the existing regulatory and legal framework, which guarantees the absence of legal problems for the business's future development.
Business-for-sale agencies in Moscow are relatively young compared to their European counterparts, but by drawing on the experience of their Western colleagues and their own ideas, they will enable you to complete the sale of an established business as quickly and efficiently as possible.
It is also worth noting that the fees charged by business-for-sale agencies in Russia are significantly lower than prices for similar services in Europe or the USA, so you should not skimp on ensuring the security of your investment.