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Good Buy

What to find out before buying an existing business
June 26, 2007
URL: http://www.entrepreneur.com/article/22622

Business Start-Ups magazine, April 1998

Buying an existing business is often easier than starting from scratch. But scratch you must to dig up relevant information that may not be readily offered by the existing owner or business broker. Before making any important decisions, check the numbers and ask pointed questions.

You may not be able to answer all these questions satisfactorily, but addressing them can guide your decision to pursue the purchase and give you better bargaining leverage.

Paul DeCeglie is a former staff reporter for Journal of Commerce and American Banker. He can be reached at MrWritePDC@aol.com