LONDON, September 4 /PRNewswire/ -- Despite the credit crunch and a faltering economy, entrepreneurs are still finding the finance to buy businesses and are taking advantage of competitive prices.

A survey by entrepreneur website http://www.BusinessesForSale.com of 1,000 currently active business buyers found that:

    - 48% of respondents saw the current economic conditions as an advantage
      when buying a business.

    - 66% found banks to be accommodating to their needs, although 33% found
      their search for funding to be more difficult than expected.

    - 28% viewed buying a business as a safer investment than equities or
      residential property.

    - 36% of respondents believed that businesses for sale were more
      competitively priced as a result of the downturn.

    - 60% of business buyers saw business ownership as a way of taking
      control of their life in difficult times.

"Interest rates are still historically low and asking prices can be lower as sellers look for an exit. It's a good time to buy your way into business ownership," says BusinessesForSale.com director Tony de Vizio.

"Lenders still need to lend and look favourably on those looking to buy a business with cash flow in place," he adds.

According to Dean Edwards, Chairman of the recently formed British Business Brokers Association it's a win-win situation for all. "There will always be reasons for selling a business - regardless of the economy - people retire or they want a change," he says.

"For buyers there is the real prospect of buying a good business at a competitive price and seeing the value of that business dramatically increase when the economy turns around," he adds.

    Notes to Editors:

    - http://www.BusinessesForSale.com is the world's largest site for buying
      and selling businesses with over 60,000 businesses for sale in 150
      countries.

    - The site works with more than 300 UK Business Brokers who advertise
      businesses for sale through the site.

    - The British Business Brokers Association was formed earlier this year
      to represent the interests of its members. See http://www.ukbba.com

SOURCE Dynamis Plc