Buying a business? Use this 25-point checklist to evaluate financing, cash flow, employees, valuation, due diligence, leases and acquisition risk.
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How to Buy a Good Business at a Great Price: 10 Rules Every Buyer Should Know
Historical financials establish the foundation for value.
But you are buying the future cash flow.
10 Mistakes First-Time Business Buyers Make
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.
10 Things to Look for When Buying a Small Business in Florida
But you need enough information to understand how the business actually makes money.
Tax returns, P&Ls, bank statements, POS records and merchant processing can all tell part of the story.
Due Diligence on Main Street: What Happens When the Taxes Don’t Tell the Whole Story?
I’ve sold hundreds of businesses over the years, and one of the biggest misconceptions I see is that due diligence is simply about finding something wrong.
That’s not the purpose.
Good due diligence should give the buyer confidence.