Pros of buying an existing business Buying an existing business will generally be a safer bet in regard to being able to predict the future. You’ll be buying an existing customer base, and you don't have to reinvent the wheel. Banks, and other financial institutions may also be more willing to provide funding for your investment. There’s a chance you’ll also be inheriting a team who can help you understand the opportunities and challenges in the business, and if you incentivise them well, they can be a massive part of your success. At Orchestra we often see new business owners looking to set up Employee Share Schemes for staff in their existing businesses when they make a purchase. This is something we strongly believe in.