To Build or Buy Bus 402
2099 words 9 pagesTo Build or Buy
Course: BUS 402
January 29, 2012
My business strategy is to purchase an existing tea and coffee shop which is located a mile away from where I work in Ashburn, Virginia, the business is call Sakasa tea and coffee. Sakasa is located next door to George Washington University and directly across is a chick fil a and a small hotel also it is right off a major highway so it has a great location. The reason the owner is selling is because of health issue and as a result, he cannot run the business the way it should. The business is making a profit of $2000.00 dollars a month on average after paying all expense. But I feel he can generate $5000.00 a month on average if he markets the business. The current …show more content…
Our freshly roasted coffee, to the finest imported espresso beans, huge selection of loose leaf teas and create every drinks with love and attention (Sakasa tea & coffee, 2008).
I feel it will be better to buy an existing business, despite it may involves risk. But I can minimize my risk by purchasing an existing business rather than to create a new business. When buying a business require a great deal of analysis and evaluation to ensure what meet my needs and expectations. By exercising my patience and taking all the necessary time to research a business before buying it, are essential to getting myself a good deal. The good thing about buying an existing business is one of the fastest pathways to ownership (Scarborough & Zimmerer, 2012). By purchasing an existing business saves time and energy also by buying an existing business you get a business that already generating cash and also a profit. Location is critical in purchasing an existing business, a location that provides a significant competitive advantage may be the reason enough for you to decide to buy instead of build.
They are plenty of advantage of buying an existing business. The business I am buying is a successful business and this business will continue to be successful cause of the client-tells. A business that has been successful for a while will often reflects an owner who has established a solid customer base and with their suppliers. On the other hand, when thing have gone