Buying a Business
Buying an existing business can be much less of a headache than experiencing the stress of time, money, and energy spent on a startup. The benefits of taking over an existing business are many. One, for example, is if it is a well-established business, most likely it already has a good customer base.
One disadvantage is the initial purchase expense. This can be much more costly than starting your own business. You are now also paying for someone else's hard work where all the tough groundwork has been done for you. There could also be financial problems. Investigate the business thoroughly before making what would be your biggest investment.