Entrepreneurs Choosing to Buy Small Businesses Rather than Leave Cash in the Bank
LONDON, June 28, 2012 /PRNewswire via COMTEX/ --
According to a survey by http://www.BusinessesForSale.com, the world's largest website for buying and selling businesses, UK entrepreneurs are choosing to buy and invest in small businesses rather than leave cash in the bank.
A staggering 82% of the 270 people surveyed believed that buying a business was a much safer way to grow capital than using a bank - even in a recession.
"We were hearing anecdotally from people using BusinessesForSale.com that they were looking to buy a business as a way of securing their capital," says CEO and founder Andrew Markou. "We're not surprised but it's still quite amazing to see the survey results," he adds.
Over 40% of those surveyed had between £10,000 and £50,000 to invest. A further 27% of respondents were looking to invest between £50,000 to £100,000 and 25% of those looking to buy a business were looking to invest between £100,000 and £500,000.
"There is cash out there," says Markou. "But it's looking for a safer home," he adds.
BusinessesForSale.com has over 60,000 businesses for sale listed on the site. Currently, the most popular UK businesses to buy are Sandwich Shops, E-Commerce/Internet businesses, Guest Houses, Pubs and Coffee Shops.
BusinessesForSale.com is the world's largest website for buying and selling businesses online with more than 60,000 business listings and more than one million unique visitors every month.
Such is our expertise in search-technology that we power business classified listings on FT.com, Telegraph.co.uk, MailOnline.co.uk, Reed.co.uk and AMEinfo.com, providing fully managed solutions.
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