What would you do if you wanted to buy a business and the person you want to buy from acts like they dont' want to give you any info on it until you buy it?? Maybe like a vending machine route. Seller doesn't want to tell you where it is so you can go look at the machines to see what condition they are in. Do you think I should ask to prove financial information such as expenses/profits, etc.??? Anyone have any idea on the most practical business way of approaching these issues??
2006-07-21 15:20:03 · 3 answers · asked by msjuliet2005 4 in Business & Finance ➔ Other - Business & Finance
actually this is kind of normal. normally, the seller will share top level business and financial information. if you are serious you make an offer with a deposit in escrow. you then have a certain amount of time to evaluate the details of business. typically during the time you review the details you can cancel the deal for any reason. you need to negotiate whether the deposit is refundable.
good luck!
2006-07-21 15:31:49 · answer #1 · answered by Anonymous · 4⤊ 1⤋
If they give you too many details you wont want to buy the business silly! The seller has to earn a living too! If the seller disclouses everything you will get to see the flaws and might not buy. how the heck is someone supposed to sell a money losing venture if the buyer wants to know everything? Shesh some buyers are so hard to please.
2006-07-21 15:25:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
AVOID SHADY PEOPLE AT ALL COST
SUCKERS ARE BORN EVERYDAY , DONT BE TAKEN ADVANTAGE OF. I WOULD JUST KEEP LOOKING TILL YOU FELT IN YOUR HEART THAT A DEAL IS PROMISING WITH CONTRACTS APPARENT AND COMFORTABLE WITH THE SELLER AND HY HE/SHE IS SELLING
HOW CONTACTS HE/SHE HAS LINED UP 4 YOU
GET ALL YOUR DUCKS IN A ROW
2006-07-21 15:25:37 · answer #3 · answered by Aaron J 3 · 0⤊ 0⤋