establishedbusiness
nounUK /ɪˈstæb.lɪʃt ˈbɪz.nɪs/
US /ɪˈstæb.lɪʃt ˈbɪz.nɪs/
A business that has been around for a long time and is known to work well.
The bakery on the corner is an established business that has served our town for fifty years.
RELATED WORDS
OTHER MEANINGS
2. A company that is officially recognized and legally set up.
They registered their established business with the local government.
3. A business that people trust because it has a good record.
Customers prefer an established business over a brand-new one.
4. A business that is no longer new or growing quickly but is steady.
The established business still makes a small but steady profit each year.