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.
Tampa Bay
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.
I Need to Sell My Business in Tampa: Where Do I Start?
Selling a business involves valuation, confidential marketing, buyer qualification, negotiation, financing, due diligence, legal documents and closing.
What Is My Tampa Business Worth? 7 Things Buyers Look At
If you’re thinking about selling in six months, three years or you simply want to know where you stand today, understanding your value is a good place to start.