There is a time tested “maxim” in business that says “love what you do and do what you love”. Finding a business that you will enjoy operating is so important in selecting a business and making sure it not only fits your lifestyle, but also improves your likelihood for success.
With so many things to consider in buying a business, here are a few suggestions for narrowing your search:
1.) What is your business background and experience?
2.) How much capital do you have available to make a purchase?
3.) Where would you prefer to buy a business?
4.) Will the business owner extend any “seller-held”
5.) Who will operate the business?
6.) Is your credit history in good order?
7.) What are the terms and conditions of the existing lease for the business?
8.) Can the current business owner’s lease be assigned to you?
9.) What is the condition of the business’ furniture, fixtures & equipment?
10.) What is the estimated cost of the business’ inventory?
11.) Are the business owner’s books and records in good order and available for your review?
12.) Will the business owner provide you with a reasonable amount of time to perform a thorough “due diligence” review of the business?
13.) Will the business owner permit you to verify the business’ sales with a period of
in-store sales observation?
For more information Call 410-679-2704 for a complimentary review of your business interests and needs.
Entrepreneurs aren’t born…they are made!
About Paul G. Hauf And Associates, Inc.:
Established in 1980, Paul G. Hauf And Associates, Inc. has 30 years of Business Brokerage, Financing and Valuation knowledge and experience. Paul G. Hauf And Associates offers no cost or obligation consultations on Buying, Financing, Selling and Valuing Businesses.
