NYC Based Aquisition

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by a searcher from George Washington University
in Tenafly, NJ 07670, USA

3mos ago

NYC Based Aquisition

HI. I'm looking at several businesses that are currently located within the 5 boroughs and want to understand people's thoughts on the risks of buying a business in NYC n the near future.

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reply by a searcher 3mos ago
in New York, NY, USA

The other commenters covered the risks well, so looking at whether the reward is sufficient: Acquiring a business in NYC makes sense if the nature of the business itself benefits from being in the city. Prestige, access to talent, access to a particular market sector, etc.

reply by a searcher 2mos ago
from Washington University in St. Louis in New York, NY, USA

I don't know if there's necessarily a risk to buying a business in NYC. Depends largely on the business model and type of business, but you'd have to evaluate the economic potential of the type of business you're considering. The good thing about NYC is there is always plenty of capital going around.