Starting a Business

What Do Business Sellers Look For?

Consider these things before going shopping for a new business.
1 min read
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Okay, so you know what you want in a business. But what are sellers seeking in a buyer? While sellers want to sell, they also want a new owner who can make the business successful because in most cases, the new owner will owe them money.

Here are a few things that sellers look for in a buyer:

  • Financial ability to pay the down payment and future payments.
  • Knowledge, or at least a good understanding, of how to successfully run a business.
  • A willingness to learn whatever it takes to make that particular business a success.
  • A realistic understanding of how much income can be generated from the business each year.

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