They cost a lot of money and money isn't cheap right now.<p>But, it's a tried and true strategy.<p><a href="https://hbr.org/2017/01/buying-your-way-into-entrepreneurship" rel="nofollow">https://hbr.org/2017/01/buying-your-way-into-entrepreneurshi...</a>
When buying a business you often pay for <i>goodwill</i> which is very hard to value and can be substantial portion of the price. There often are other factors, such as leases, existing staff, etc. You really need to do considerable due diligence to know what you are buying. The vendor's reasons for selling are a critical consideration as well.<p>Of course, if you can see how the business can be <i>improved</i> it could be a fast track to profits compared to starting from scratch.
It’s an option, someone recently purchased Twitter and franchises are a “batteries included” way to buy a business.
One may choose to not just buy a business because they want to do it their own way, among many other reasons.
I've worked for many years for a media-business brokerage. Would you like to buy a radio station? Pretty damn cheap right now.... you won't make much money, but it's fun to do if you know the business