Owning a winery is a common dream. But for Long Beach, California, entrepreneurs Tracie Parker and Marcus Crawshaw, buying a wine shop and turning it into a destination was their reality. Parker and Crawshaw, both 35, started their due diligence as soon as they heard about The Wine Crush and purchased the business in January 2006.
Finding a business to buy can be a great way to jump into entrepreneurship. But don't think you're taking a shortcut--the research, negotiations and transition can take up to a year, says Julie Gordon White, a business broker and founder of BlueKey Business Brokerage M&A.
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