Every single day, someone starts up a business. Every single day, someone is attempting to offload their investment because they want to get out of the business. New York City is a vast market for startups as well as the transfer of startups as property. It might sound ridiculous that someone would build a business and then sell it if they are the only employee, but it happens all the time. Visit a website that helps you buy a business in New York City if it interests you.
The first thing to know is that ventures are assets. If someone creates a website or a band that gains even a small following, and if there is ongoing web traffic or a customer base, then that business is considered an active asset. A business has known customers, recognition assets such as a name and a logo, as well as other assets such as patents, copyrights, and websites. Another entrepreneur can pick that up and keep ongoing.
The value of a small company depends on the nature of it. It could be that the product is the owner, in the case of counseling or other human services. In that case, the person is the key to the whole business and there is no business without that recognizable person. Some startups like this sell their business and then work as an employee after proving profitability. It happens all the time.
In other cases, the assets are separate from a specific worker and the brand or product is trusted apart from who is sitting behind the desk. Known brands can keep on selling themselves if well managed, and patents can be put to many uses if the buyer knows more about how to exploit such a product. Websites play a role in branding, and the intrinsic feel of a site might have its own value.
It is not just startups that are for sale. Businesses that have been operating for many years can be bought if the owner is retired or wants to move on to other career options. Brick and mortar shops such as independent bookstores or novelty shops are also for sale, and they can change hands without the public ever realizing it.
The neat thing about buy businesses in New York is that some people get into business with eventually selling. These people might want to join larger companies but still be their own boss. In that case, it is possible to acquire both the storefront of a business as well as the creative worker who put it all together.