Before deciding to buy a business, do your homework. Your investigation must begin after drawing up a shortlist of potential businesses to buy. Use the Internet and social media to learn about each business prospect. Pose the following questions to people involved in the same business: Why is the owner selling the business? What is …
When buying a business, one would think that the pressure is on the seller to complete the sale. This is not the case. A seller is very selective about whom he or she will sell to. After investing many years in the business, struggling to build it up and making it profitable; the seller would …
It is to the buyer’s advantage to understand the owner of the business for sale. When the seller believes you are the right person to buy the business, he or she will try to make the deal happen even to the extent of structuring the terms to accommodate you. Here are some tips on how …
There are three aspects to coming up with the kind of money it takes to buy a franchise – coughing up the initial franchise fee, finding a place from which to do business, and paying for supplies and inventory. Cheap franchises are an especially hot commodity in a down economy. But don’t be fooled by a low price tag. …
You want to start a business by buying an existing company. After considering the pros and cons of the various businesses for sale on the market, you have narrowed down your choice to one business. It is time to make an offer. How much is the business for sale worth, and how do you do …