HOW TO BUY A BUSINESS

Before the Purchase

1. Set Expectations

This is a time for introspection: What kind of business is of interest, and why? What are the expectations and where is there flexibility? Where is there potential? Consider looking through the free Pathway to a Successful Purchase Workbook for more details about the buying process. 

Happy patrons sitting inside a busy cafe
Interior of a store selling various home goods

During the Purchase

1. Valuate the Listing Price

A Business Valuation is a deep dive into a business's financials and other important aspects that determine a fair market price. The Business Valuation can be used to determine whether a listing price is on par with market rates. Each Valuation includes additional information to support the assessment.

After the Purchase

1. Launch & Observe

This is the time to settle in and get a feel for how the business operates. Make small, simple changes that can be easily implemented in the short term.

Open sign on a shop door