Buying a Business

You may believe that the cost of the business you are about to buy is the same as the price you pay for the business. No, it isn’t! The real cost is the years of effort you are about to spend running and attempting to grow the business. 

Don’t be the one asking yourself, "How much income could I have made in the last 10 years if I took the time to properly examine all the issues and details before purchasing this business?" It is about asking the right questions before the transaction—not afterwards when it is too late.

Purchasing a business is not just about purchasing assets, but also about buying a forward stream of earnings. A failure of that earnings stream will jeopardize the business and place your investment at risk. Before closing the purchase, you must  make sure you that future earnings stream will be there.

Buyers of businesses have certain legal rights that may afford some protection from unscrupulous sellers. However, buyers also have a legal responsibility to exercise care and due diligence in the decision to purchase any business.

Caveat Emptor = Buyer Beware