Buying A Business

Buying an existing business is a great option for certain types of entrepreneurs. An existing business has financial history which helps to predict future earnings and the probable success of the venture. This financial history is also helpful when seeking purchase financing. It is critical for the buyer to be very careful and thorough in researching the potential purchase to insure that the business is viable and that the valuation is reasonable. An SBDC consultant can help you review the valuation and financial information of the business and point out any areas of concern. For aspiring business owners who value a steady income stream, low risk and a good reputation, the purchase of the right existing business is worth considering.

Small Business Administration Articles on Existing Business Purchases

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