When purchasing a small business, you will want to consider the below questions to help you in your search and to get the most out of working with a professional business broker . 1. What type of business are you interested in? Make sure to focus on businesses that you are interested in. You do not want to spend a lot of time looking at financials and business plans if the business is not something you are going to care about. You will also need to focus on businesses that meet your skills and you have knowledge about. Will the business meet your lifestyle? Are you looking to be a full time on hands business owner or are you looking to be an absentee owner and count on a manager to perform all the daily tasks? All of these are questions you will want to ask yourself to ensure the business you purchase will be successful and prosperous.

1. Each One Generates Revenue Differently

The Buyer has made an offer on your business and in the Purchase Agreement it states that he needs ten days to complete his due diligence on your business, what should you as the seller do? The buyer will want to see your financial statements and tax returns if they have not already been supplied.

The prospective buyer of an auto repair shop for sale in California noticed, while conducting Due Diligence noticed that an office assistant was listed on the payroll. But he'd visited the business as a customer and had never seen anyone working in the office.