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10 Questions to Ask Before Buying a Florida Business

January 2, 2014

Many experts are predicting that a huge wave of Florida businesses will become available over the next decade or so as baby boomers look to sell. As the economy continues its climb into a full-blown recovery (we hope), it just might be the perfect time for you to fulfill that lifelong dream of buying a business. Before you take the plunge, however, you should take the time to ask yourself a series of questions that will help make sure you’re prepared for the rigors of business ownership.

Certainly the team of advisers you assemble to make such a deal—such as business brokers, attorneys, and accountants—can help you in determining the value of a business and what you should pay for it. But there are additional questions you need to ask yourself, and the seller, to find out if the business you’ve targeted is everything it’s cracked up to be. With that, here is a list of 10 questions (in no particular order) that you should get answers to before buying the Florida business of your dreams. 

1. Is buying a business the best decision for you right now?

2. Will your spouse support you?


3. Who runs the business when the owners go on vacation?


4. Do the numbers add up?


5. Are there any other skeletons to worry about?


6. What do the customers have to say?


7. How does the business make its phone ring?


8. Why is the seller really getting out?


9. Will the seller keep some skin in the game?


10. What is your exit strategy?

Not so easy questions – there are many factors to consider. Let us at FLORIDA Business Opportunities, Inc. help you find that dream business and become your own BOSS. View 1000’s of current listings available now at: www.FLORIDABusinessOpportunities.com

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