Ask yourself these simple questions before buying a business….
Buying an existing business can be a great opportunity to build up an already successful business further, or to rehabilitate a business that may be struggling.
Before starting on this adventure, ask yourself some questions about buying a business.
- Why do you want to buy this business?
- Is it making money now?
- Will it continue to make money in the future?
- How long is the lease?
- What will I do if the landlord tells me to move?
- How do I know if the figures provided are true and correct?
- How can I verify it?