2006-08-03 03:01:08 · 9 answers · asked by Anonymous in Business & Finance ➔ Small Business
You can search for businesses listed for sale on bizben.com, your local papers, or recycler. You can also call a real estate agent to help you locate businesses or sites for you business.
2006-08-03 03:08:14 · answer #1 · answered by JustJake 5 · 0⤊ 0⤋
The first thing you do is ask to see its financial statements and copies of the owners tax returns for as far back as you can get and pay someone who is qualified to perform an analysis to come up with a fair value to make sure you don't overpay.
Also, make sure you know something about the business. Just b/c a business is successful under one owner does not mean it will continue to be successful when you take over.
Good Luck!
Owning a business is hard work but can be rewarding and fun.
2006-08-03 03:06:57 · answer #2 · answered by Just a Girl 3 · 0⤊ 0⤋
To purchase a business, you need to make sure that you have adequate financing in place. Make a list of your liquid assets that will be used to purchase the business, and if you require financing as well, speak with a commercial lender, and determine under what conditions funding will be available, and what the possible amounts will be.
With this information, you can begin the process of analyzing businesses that are for sale. Most reputable businesses will not release their financial information to you without proof that you are a credible buyer. You will need to review the financial statements with your banker, to determine whether the company meets the minimum requirements for a capital loan.
2006-08-03 03:08:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
First, have a product or service that people (or businesses) WANT to buy and are willing to pay a good price for (that give you a good profit margin).
Develop a business plan to serve as your blueprint for starting and operating your business. This plan should cover everything from A to Z.
Good Luck
2006-08-03 04:37:03 · answer #4 · answered by Anonymous · 0⤊ 0⤋
First you must have a plan then you of course should have close to new born credit and you must look at you maybr under water for the year until you begin to show real profit with the buniness so take the time and do the homework before you leep
2006-08-03 03:19:03 · answer #5 · answered by kneekey 2 · 0⤊ 0⤋
There's a good home business I know of that you can start for less than $100. If you want to know more, email me at bladerunner35@yahoo.com.
2006-08-03 03:12:58 · answer #6 · answered by Dr. Quest 5 · 0⤊ 0⤋
look for investors 2 invest ur idea. find a good business partner though. check out da company 1st
2006-08-03 03:04:21 · answer #7 · answered by uallsuck.com@hotmail.com 2 · 0⤊ 0⤋
to buy? if its a proprietorship or a partnership, you give them compensation - money
if its a public corp - you buy 51% of the voting shares.
2006-08-03 03:05:15 · answer #8 · answered by wing_gundam 3 · 0⤊ 0⤋
with research lots and lots of research before you pay even one penny
2006-08-03 03:03:56 · answer #9 · answered by admiralgill 4 · 0⤊ 0⤋