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A Few Steps To Buy A Florida Business

March 28, 2019

Buying a Business in A Few Steps

  1. Figure out what you’re interested in and the kind of business you’re looking for with the capital you have available with a Business Broker to help you with the items below.
  2. Determine with them if the business will succeed by assessing the current assets of the business and what you’ll need to invest.
  3. Understand why the business is for sale to determine any risks.
  4. Review the business’s financials to determine if buying it aligns with your budget and goals.
  5. Evaluate the price of the business with one of three approaches: earnings vs asset vs market approach.
  6. Secure the additional capital needed to make the purchase.
  7. Do your simple due diligence before making an offer.
  8. Close the deal with the appropriate documents (bill of sale, adjusted purchase price, leases, etc.).

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