Quite a few business experts are projecting an enormous wave of businesses will come on the market in the next twenty years as the baby-boom generation begins to retire. We recommend you ask five crucial questions when acquiring a new business.
Five Questions for Buyers:
1. Who really runs the business and does it function well if the owner takes a week or two off for vacation?
2. What do the numbers tell you? – Will this particular business give you a good return on your investment and time?
3. How does the company draw in sales opportunities? – Which marketing and advertising channel gives you the most/best leads?
4. Will the organization make it through the transition from old owner to new and will important personnel stay after the change?
5. Will the seller keep a stake in the game? – Are they prepared to stand behind the business’s initial year post-sale performance?
Michael Monnot
941.518.7138
Mike@InfinityBusinessBrokers.com