UAE is an emerging market for businesses of all kinds to flourish. The market is shifting its traditional focus on oil to other market opportunities. Apart from starting a business, there are opportunities to buy existing businesses as well. You will get a lot of options for cheap businesses for sale in UAE. And here we will talk about the business for sale in Dubai. These businesses are on sale due to many reasons.
They might be failing, they might be running out of funds to grow, or the owner might be looking for better opportunities elsewhere and needs to get the invested capital back. As a buyer, you can grab the best opportunity in the vast expanding market of UAE. And you also note that when I am saying businesses for sale, I also mean hotel for sale in Dubai.
As of September 2018, there are around 200+ businesses for sale available across Dubai alone along with small businesses for sale. And they were from various industries with up to 60% profit margins and asking price that ranges from AED 11,000 to 150 million. One of the best places to search and find the businessess for sale in UAE like Dubai, Sharjah, Abu Dhabi, is on the internet.
However, it is advisable to select the right platform. Unscrupulous platforms can throw up expired data, unverified businesses, or agents who do not have credibility in the market, thus wasting your time and precious money.
Here Is How You Can Start Looking For The Best Profitable Businesses For Sale in UAE, Dubai, Sharjah, Or Abu Dhabi.
Here are the basic factors that you need to keep in mind while searching for businesses for sale in UAE
1. Local Businesses:
This is the first thing you can do. Call a local business directly and get the current situation of the market in the defined area because a lot of businesses that are for sale are not advertised openly. This will help you get all those unlisted or unknown names of businesses that you can include in your list.
This is because of a taboo that is still associated with the sale of a business; that the business is not running profitably. To retain customer sentiments or even employees, they keep it a secret, only to be shared among the most trusted agents. More likely, the business owners may help you get in touch with those from the same industry.
Also, you can attend meetups and conferences to look out for opportunities to buy as this will help you build a network that will help you in negotiations later days. After all, you are a business man and here you are searching for profitable business buying options.
Usually, individual business brokers or brokerage firms have a list of small businesses that are available for sale in Dubai, and so, they will help you connect with the most appropriate ones. These brokers help you figure out some questions that are wandering in your head. Like,
- What are you exactly interested in?
- Which business will be a good fit for you?
- What type of business you can avoid?
- Which business comes with red flags?
And they will also help you negotiate with the seller. This is only possible if you have a viable and good broker, which is quite difficult to find in a place like Dubai. but it is not impossible. there are several online portals where you can find brokers, who will help you find your dream business. These brokers are equipped with years of experience and nicely skilled with the required expertise.
3. Online Marketplace:
Online platforms like Tobuz.com are huge marketplaces that aggregate small businesses and franchises for sale. We also understand the complication when you head towards any online platform for searching for any industrial business for sale in Dubai.
Often the wide range of options makes things more complicated and confusing. But those hectic days are gone. To find the most suitable option you can filter your search by the following factors.
Tobuz pre-screens businesses for sale in Dubai. This process verifies the contact details of the seller, valuation of the business, and photographs to avoid fraudulent practices.
Also, before buying a business there are some essential tasks that you should do. They are understanding the legal formalities and taking advice from suggested accountants and advisors. Tobuz also lists such experts and advisors.
Advertisements in the local newspapers or industry publications are great tools. This will help you find small businesses or franchises for sale. Also, you can put your own ad in the newspaper as a buyer. And you can call out to sellers for a valid deal. This will help you get the word out in the market that you are looking to buy a business in Dubai.
If you have knowledge regarding the industry, the business model, the customers, the products and are familiar with the business process, finding a business for sale is the best option.
But, before buying a business for sale in UAE, you will have to think realistically about long-term goals and the potential of the business. There are professional accountants and legal advisors available online at Tobuz.com who can look into the current and future financial health of the business.
Consult them before signing on the dotted line. You may also have to consult a lawyer to achieve a better sense of the legal structure of the business for sale in Dubai. Before you make the deal consider all these. All this is important because laws in Dubai, UAE, in general, tend to be drastically different from the rest of the world.
Frequently Asked Questions
Q1. What Are The Most Profitable Businesses For Sale In UAE?
Some of the most profitable businesses for sale in UAE are:
- Travel and Tourism
- E-commerce solutions
- Beauty Salon
- Consultancy Services
- Real Estate Agency
Q2. Can I Buy A Company In Dubai?
Definitely, you can purchase businesses for sale in UAE as well as Dubai. In addition, you can also make a new company from the scratch but the former will be more advantageous for you.
Q3. Do I Need A License To Sell Online In Dubai?
The shortest answer to this question is YES. In the UAE, residents need to have a trade license for running a business online. Not only e-trading but also for any kind of business, you must have a license.
The United Arab Emirates is growing fast, and there are unlimited opportunities available to those who are ready to use the right business tools to evaluate and explore the market. So you can surely try looking for profitable businesses for sale in UAE. I am sure you will succeed in the long run.
Getting any more doubts about businesses for Sale in UAE in your mind? Drop them in the comment area below, we will be responding to them as soon as possible.
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Author Bio: Nitin Gupta is the Founder and CEO of Tobuz, Having experience in SME (Small and Medium Enterprise) Consultant | Advisor | FinTech | Commercial Growth Focus | New Business Development. Before starting Tobuz Nitin Gupta worked at NRI INDIA SERVICES. It is a professional Real Estate Property Management and Consulting Service Company.