One might wonder why should anyone buy a closed business? It has a few advantages
- This is a great strategy if you do not want to inherit any of the problems which previously existed with the business. You are at the liberty to bring your experienced man power and make them work on this new business leading to predictable results.
- The business is available at a lower valuation. Considering that there are no paying clients etc at the moment. A lot of work is needed to bring those clients back.
- Most of the licenses etc. are already available making it easy for you to start operations sooner than setting up a new business.
Most of the closed businesses for sale are generally listed under assets for sale in platforms like SMERGERS. One could visit the following link to find closed businesses for sale - https://www.smergers.com/businesses/businesses-for-sale/s0/c0/t2/?expected_revenue_gte=0&expected_revenue_lte=0&established_before=2014&ordering=investment