More Russians consider buying ready-made business

A greater number of Russian citizens has started seeking information on opportunities for purchasing ready-made companies, a research by the Avito classified advertisements website revealed.

In 2019, the demand for such businesses grew by 4% as compared to the previous year, RBC business daily reported. Most cases involved ready-made companies operating in the service industry and public catering. Online shops became more popular as well: the number of those purchased last year increased by 1% as compared to 2018 and totaled 5% of the overall amount of deals in the market.

Another interesting trend last year was an increasing number of citizens seeking to sell their businesses, with the amount of related advertisements rising 10% on the previous year. Today, a ready-made business in Russia costs RUR 3.1 mio ($50K) on average. In 2019, agricultural companies were the most expensive, with some of them worth RUR 11 mio ($178K). The average cost of industrial enterprises was RUR 7 mio, while construction companies cost RUR 4 mio. The cost of online shops went down from RUR 680K ($11K) to RUR 520K, which was possibly due to market saturation.

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