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Know your maximum comfortable investment before you start shopping.
And don’t fall for the “no money down” myth. I’ve written about why that idea is usually unrealistic in [Can You Really Buy a Business With No Money Down?]. Can You Really Buy a Business With No Money Down?
Looking for a business for sale in Tampa Bay? Here are 10 ways buyers can find acquisition opportunities in Tampa, Clearwater, St. Pete and Central Florida.
1. Why Are You Selling? The answer matters. Retirement is different from declining sales. 2. How Long Have You Owned It? Long ownership can provide valuable history. 3. What Does the Owner Actually Do? This determines owner dependence. 4. Who Are the Key Employees? You need to know who actually runs the business. 5. Who […]
Historical financials establish the foundation for value.
But you are buying the future cash flow.
If the owner works 70 hours a week, don’t assume you’re buying an investment.
You may be buying a 70-hour-a-week job.