A staggering 82 per cent of 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 per cent of those surveyed had between £10,000 and £50,000 to invest. A further 27 per cent of respondents were looking to invest between £50,000 to £100,000 and 25 per cent 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.
Currently, the most popular UK businesses to buy are Sandwich Shops, E-Commerce/Internet businesses, Guest Houses, Pubs and Coffee Shops.