- Figure out what you’re interested in and the kind of business you’re looking for with the capital you have available with a Florida Business Broker to help you with the items below.
- Determine with them if the business will succeed by assessing the current assets of the business and what you’ll need to invest.
- Understand why the business is for sale to determine any risks.
- Review the business’s financials to determine if buying it aligns with your budget and goals.
- Evaluate the price of the business with one of three approaches: earnings vs asset vs market approach.
- Secure the additional capital needed to make the purchase.
- Do your simple due diligence before making an offer.
- Close the deal with the appropriate documents (bill of sale, adjusted purchase price, leases, etc. which a Business Broker can do for you).
17
OCT
OCT
About the Author: