Taking over an existing business

Why take over an existing business?

Acquiring an existing business has several advantages over setting up a new one. 

Less risk

The company's history allows you to better assess its performance and viability. Furthermore, when you take over a company, you inherit an existing customer base, which reduces the uncertainties associated with winning new customers.

Faster growth

An existing company already has infrastructures, teams, operating procedures and a management system in place. Unlike a start-up, it generates immediate revenues, providing cash flow from the outset. This means you can concentrate directly on developing the business.

Existing resources and skills

You benefit from the skills and experience of an existing team, as well as from established relationships with suppliers and partners.

Easier financing

Banks and investors are often more inclined to finance an existing company with a proven track record.

In short, taking over an existing business offers a solid foundation on which to build, optimise and expand, while minimising some of the risks associated with starting a business from scratch.

How does Wallonia help transfer projects? 

Wallonia has set up a range of measures to help business transfer projects. To ensure the success of your project, you can receive low-cost support from a business transfer and disposal expert using Business Vouchers.

In addition to this measure, Wallonia offers other support structures for aspiring and young entrepreneurs wanting to embark on a business transfer project. Please ask about the various options available to help you with your project.

What are business vouchers?  

Business vouchers are a scheme that bring together experts (known as certified service providers) with Walloon project developers and entrepreneurs. What is more, Wallonia contributes to the cost of the expert's services. So you get quality service at an affordable price. Business vouchers cover all stages of a company's life and development: start-up, growth, innovation, export, transfer, etc.

The ''Transfer" voucher 

Let a consultant guide you through every stage of a business acquisition, from valuation and financing plan to market research, accounting and tax analysis, and drafting of conventions. Take advantage of our comprehensive expertise to bring your project to fruition with complete confidence.

Find out more

What is the role of the SPW? (automatic translation)

We manage applications for accreditation from service providers. This involves examining the applications and checking that the service providers meet the necessary criteria to be approved. This step is crucial to ensure that companies receive quality services when they use company cheques.

In addition, we are responsible for checking cheque applications throughout the entire process: from granting to settlement. We ensure that each request complies with the rules in force, to guarantee rigorous and transparent management of public funds.

Finally, our role is to monitor compliance with the rules in force. It is essential to follow the legal framework, as failure to do so could result in sanctions. You should be aware that checks can be carried out at any time, so don't hesitate to check the regulations and make sure that everything is in order to avoid any problems.

To go further

Visit the website of the business voucher scheme

Find a certified service provider

Discover useful documents and information