People who wish to purchase a telecommunications business will have many important decisions to make, such as their location, the amount of capital they may spend and whether to buy a franchise or an independent business. Prospective telecommunications company owners are advised to find out how much competition is in their area first. A new business will do better if it does not have a competitor close by.

People who want to sell a telecommunications business can do so online. Simply create an account with a website that lists businesses for sale and provide the details about your transaction.

When you are ready to buy a telecommunications business, you must put in a great deal of time, money and effort. Be certain the business opportunity you are interested in is suited for you prior to making the investment. There are several things you should consider:

1. The expenses you will have, including purchasing fees, marketing costs, royalties and inventory;

2. Whether a franchised telecommunications business for sale has a known and respected name and brand;

3. The number of employees you will need to hire and train;

4. If a telecommunications business broker be advantageous for you.

Action Steps
The best contacts and resources to help you get it done

Purchase a business from a franchisor that provides telecommunications business sales

Buying an established franchise offers several advantages over starting up a new telecommunications business. An existing chain already has a name and brand that is well known, a tested business plan and ongoing support from the franchisor. The company that started the franchise has put down the ground work for the business, so you will benefit from their efforts.

I recommend: Get involved in the telecommunications world with Yakety Yak Wireless, WorldWide Wireless and Wireless Toyz. Start an internet service company with Gogiro.

Purchase a telecommunications business that is independently owned

You can also find independent telecommunications businesses for sale in every state by searching online. Look through the listings to find the a business that you are interested in buying anywhere in the United States.

I recommend: Find full-service telecommunications businesses through BizBen and Business Nation.

Obtain assistance from a lawyer who has experience with telecommunications business sales

Business lawyers understand all the aspects of purchasing a company or franchise. They will explain each detail of any contract you are required to sign, let you know what rights you have as a buyer and go over all of the legal obligations you will face.

I recommend: Receive franchise law advice from the Franchise Law Team and business law help from Richard Sierra & Associates.

Use the Internet to sell a telecommunications business

People who own a telecommunications business may decide to sell for a variety of reasons. Whether you are interested in making a sale so that you can retire, move away or because you want to change vocations, you can find a buyer for your company online. There are websites that will act as a telecommunications business brokerage and help buyers and sellers connect with each other.

I recommend: Sell your company on BizBen or BizBuySell.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Contact the Better Business Bureau for important details and information regarding the telecommunications business for sale that you are considering.
• •  Investigate whether telecommunications franchises are regulated by your state government, and if so find out exactly what the regulations are.
• •  Hire a certified public accountant to investigate the financial history of any company you wish to buy. Ask them to list all of the expenses you will have and help you to understand your potential annual earnings.
• •  Consider hiring a telecommunications business broker to help you find and purchase the company you are most interested in.