Relocatable Businesses

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by a searcher from The University of Michigan - Stephen M. Ross School of Business
in Austin, TX, USA

1yr ago

Relocatable Businesses

I'm conducting a search within a relatively tight geographic area. To help expand the aperture of available opportunities, I'd like to consider relocatable businesses. I'd love to hear from anyone with experience relocating an established business from one geography to another, especially across states where the brand recognition doesn't carry.

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reply by a searcher 1yr ago
from University of New Mexico in Jackson, WY, USA

Best of luck with the search, Jeremiah. I hope that bringing relocatable businesses into the mix will unlock some new doors while allowing you to stay rooted close to home. To provide some context and shape the feedback you seek, are you able to provide some insights with regards to the industries or types of businesses in which you are especially interested?

reply by a searcher 1yr ago
from The University of North Carolina at Chapel Hill in Austin, TX, USA

They are just hard assets that the lender can put a monetary value on and use as collateral for their loan. You would move those with the business, so they help. If you don't have hard assets, and are moving to a new market, the lender might have a hard time understanding what you are buying and why you're not starting a new business instead.