Buying a business may be more costly than starting a new one, but it is also less risky. Although risk is minimized in taking over an existing customer base and location, such a transaction can hold many road blocks and landmines. Our sections below are packed with strategies that provide additional insight into this challenging process. In addition, it would be wise to consult an attorney or business coach with experience in the merger and acquisition process. 

Articles on How to Buy a Business:

Purchasing Research – Research is crucial when buying a business. Learn the areas you need to look into such as undisclosed debts, prior obligations and other issues.

Determining Business Value – You need to go beyond your financial statement to determine the value of a business. Read about five methods to help you determine the price.

Sales Agreement – Make sure the sales agreement is accurate and contains specific components before you sign on the dotted line.

Due Diligence – Discover the three areas you need to explore to ensure you have covered all of the bases.

Closing Checklist – A very detailed checklist and legal representation are must-haves before closing the deal.

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