Service-based businesses are a popular choice with buyers as they often deliver reliable opportunities for profitable trading without relying on stocking and selling products.
Service businesses span a wide variety of sectors from traditional manufacturing, maintenance and repair operations like oven cleaning, sign making and plumbing, to professional services such as accountancy and IT installation experts. While some may choose to set up a service business from scratch, acquiring a business that’s already operating and with customers and suppliers in place can be an attractive proposition. It’s a good way for first-timers to start their own business empire – and also appeals to existing owners looking to expand into a new niche or geographical area.