making an offer on a business

How to Buy a Business

How to Buy a Business

If your own business is well-established and of a certain size, you may consider buying another existing one. A good purchase can see you reaping copious financial rewards, but a bad one could utterly sink you. It’s therefore vital that you investigate your potential target fully, and negotiate a deal tailored to its current positions/situation as it relates to your own. This guide will help you approach a target, investigate it, make and follow up on an offer, negotiate the final terms and ensure a smooth transition. How do I approach negotiations when buying a business? One of the first steps will involve approaching the vendor. Most businesses will have appointed professional advisers to handle the sale. Contact these first, rather than the current management. You must then register you... »