Should I buy a business or start one from scratch?

One main reason that buyers often purchase businesses is due to the fact that they have track records.  Most business failures take place in the start-up phase.  When a business is preexisting it shows that there is a need for its products and/or services.  Further, there will be viable financial records to prove that fact.

Another advantage to buyers is that sellers will often stay and train the new owner.  When a buyer can find someone who will train them and also offer financing terms, it can be tremendously attractive.