I would like to acquire an IT business in Austin, TX. What is the best way for me to find some candidates?
Answer: The IT industry includes several segments – software program development, consulting, gaming, networking activities, hardware, facilities management, data processing, data hosting activities, Internet services, telecommunications, etc. In addition to the type of IT company you may want to buy, the size, how much capital (cash and financing) you have available for a business purchase, and the competitive environment will be other considerations to help focus your search for acquisition candidates. In addition to professional networking (business contacts, banker, CPA, insurance agent, etc), you can locate businesses for sale through ads in local business publications (print or online), business brokers, and online listings like the following examples:
1. IT industry information:
2. Example online listings of businesses for sale:
- Austin, TX businesses for sale: bizbuysell.com
- Find an Austin business for sale: businessmart.com
- Austin, Texas businesses for sale: bizquest.com
- Austin, TX businesses for sale: businessbroker.net
3. Business broker resources:
4. Commercial lists: In addition to businesses for sale, you may be able to locate other target businesses and then contact the owners directly or through a business broker to discuss any interest in a possible sale. The following are example resources to purchase business lists based on industry, revenues, and other criteria:
NAICS/SIC codes:
- North American industry classification system: census.gov
- Occupational safety & health administration: osha.gov
Dun and Bradstreet is another source of list services:
Published: January 31, 2014
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