Buying the Right Spot

Before you buy an existing business, check out the location.

If you are buying an existing business, look at the location asif you were starting from scratch. Ask questions like: Does thesite meet your present and future needs? Have there been anychanges regarding the location in recent years that could have apositive or negative impact? Will you be taking over theseller's lease, and can it be renegotiated?

Excerpted from Start Your Own Business: The Only Start-Up GuideYou'll Ever Need

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