What Businesses Could I Start (Or Purchase) With £20,000 In The UK?
If you have £20,000 of seed money in the UK, your business-purchasing options are likely to be limited. Here at Chelsea Corporate, for example, we typically broker businesses which are worth hundreds of thousands, typically starting at around a minimum of £250,000. Our experienced team can help you to buy a business in the right sector, for a reasonable price.
Nevertheless, there are some businesses that can be started or purchased for less than our minimum investment. It’s also worth mentioning that some business owners may be willing to accept partial payment, or an ongoing payment plan.
What 5 Kinds Of Business Could I Purchase For £20,000?
1. A food truck
A food truck is the typical small business that people think of when they consider starting their own business with a limited amount of money. If you’re passionate about food and love to cook, then this could be a great option for you. There are numerous advantages to owning a food truck, including the fact that they’re relatively low-cost to set up and run.
2. A small cafe or coffee shop
Another popular option for those with a limited budget is to start a small cafe or coffee shop. This type of business can be run from almost anywhere, including high footfall areas such as shopping centres, train stations, and so on. The key to success with this type of business is to offer a unique selling point that sets you apart from the competition.
3. A ice cream parlour
Ice cream parlours are often associated with seaside towns, but they can be successful in almost any location. If you have a passion for ice cream and know how to make your own, then this could be the perfect business for you. Again, the key is to find a niche or offer a unique selling point that will attract customers.
4. A small retail store
Retail stores offer the opportunity to earn a good income, but they can be expensive to set up and run. If you have £20,000 to invest, then you could start a small retail store selling items such as clothes, books, or homeware. The key to success is to choose the right location and offer products that are in demand.
5. A online e-commerce business
An e-commerce business can be run from anywhere in the world, and there are many advantages to this type of business. For example, you don’t have the same overheads as a brick-and-mortar store, and you can reach a global audience with your products or services. If you’re looking to start an online business, then you’ll need to invest in a good website and make sure that your SEO is up to scratch.
These are just a few of the businesses that you could start or purchase with £20,000 in the UK. Of course, there are many other options available, and the best way to find out is to speak to a business broker, such as the experienced team at Chelsea Corporate.
For more information, advice and support on your specific requirements and opportunities, don’t hesitate to get in touch today.