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Friday, February 04, 2005

Dungarvan link with new business venture

John Ahern, a businessman in Dungarvan, is one of the people behind a new venture to help Irish business owners seeking to sell or acquire a business.

Already over 50 businesses with a combined estimated turnover of €17.5m are listed for sale or are seeking investment on the new web site.

Set up by John Ahern and John Ryan www.thebusinessshop. ie is set to become the first port of call for anyone who wishes to buy, sell or invest in an Irish business. Currently the types of businesses listed for sale range from fast food outlets to financial services companies.

They include a Health & Fitness Club in Ennis, a School of Motoring in Galway and Internet Operations Company in the Leinster area. The sale prices being sought range from €40,000 to €350,000 while the turnover ranges from €40,000 to €750,000. “Based on the stats we currently have 2,000 visitors a month”, said John Ahern one of the businessmen behind the venture.

“In the first two weeks of officially launching the site we had 940 visits. The numbers are growing dramatically week-on-week.

“The range of businesses listed and the level of enquiries is providing a unique view of the movement of Irish businesses and will help us build-up a profile of the most popular type of businesses being sought or being put up for sale”, said John Ahern.

This is the first venture of its kind in Ireland and it will be invaluable to those wishing to buy or sell a business and those sourcing franchise opportunities.

It will also interest the private equity market as the site listings will attract investors seeking businesses and businesses seeking investment.

www.thebusinessshop.ie will fill a void in the Irish business market. It will considerably reduce the time and cost involved in the first step of sourcing businesses for sale or in placing a business on the market.

John Ahern is the founder of Go2mobile, the first company in Ireland to deliver a range of mobile messaging solutions to the corporate sector. John Ryan, is the Technical Manager for Go2mobile.

The costs for placing a business for sale, seeking a business or franchises varies depending on length of time a business is advertised. The standard rate is €149 per month for a three-month listing, with a special rate of €49 per month for small businesses. The amount of information given in relation to any business is at the discretion of the person placing the advert.

There is also a free mobile/text alert service. Anyone registered with the site can be informed immediately if a business matching their requirements comes up for sale or if a buyer matching their requirements logs an interest.

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