Buying a business that isn’t for sale is known as buying “off-market” and is the best way to buy a business. It’s estimated that up to 80% of businesses sell without being advertise, which means if you just look for businesses online or via business brokers, you will miss out on these opportunities.
You can buy a business without a solicitor if the seller is happy to sell without a solicitor too, but you need to be confident and competent at writing a agreements, which in this case will be a “Sale and Purchase Agreement”. If the deal includes a property, you should use a solicitor for this.
To find businesses for Sale without using a broker or searching online, you should use a direct approach and contact business owners by writing letters to them. By contacting entrepreneurs directly by letter works because many business owners fear putting their business for sale with a broker.