Before looking at listings, decide what kind of "buy-in" you are doing:
Part of the purchase price is paid only if the business hits certain profit targets after you take over. 6. The Transition Plan buying into an existing business
You buy a percentage (e.g., 20% or 49%) and work alongside the founder. This requires strong interpersonal chemistry. Before looking at listings, decide what kind of
Are there documented processes? Who owns the intellectual property? Before looking at listings
Contact businesses in industries you know. Owners may be thinking about retirement but haven't listed yet.
Does one customer represent more than 20% of the revenue? 5. Valuation and Financing
Check for upcoming lease expirations, new competitors, or changing regulations. 4. Due Diligence (The Deep Dive)