Investors may have already had dealings with many business brokers investigated many different enterprises, but now is the time to narrow down the choices to those businesses that best fit the buyer’s budget, objectives, and resources.
Factors to consider should include appropriate size, location, market, sales, and employees.
The potential buyer must calculate how much they wish to change the business and how much it will cost to do so. Do they have the time or the cash needed?
During the early days, the buyer should consult with an accountant and a lawyer to ensure that the seller has disclosed all the facts the buyer will need to proceed. The buyer will need to gather and examine many company records, files, agreements, and statements, preferably with the assistance of a lawyer and accountant and undertake due diligence, only then can the buyer make the decision to buy or not.