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Message
re: Buying a business
Posted on 6/18/21 at 9:34 am to APT
Posted on 6/18/21 at 9:34 am to APT
quote:
How involved is the current owner? Do most sales and relationships flow through him?
If the current owner is one of those people who has a great personality and everyone knows and likes - Business may suffer if they are no longer around.
Some of their customers may only be using that business because they know/like the current owner.
Certain things that I buy can be bought from a hundred different sources. I buy from who I like.
Certain things that I buy can only be bought from one source. I buy from them, even if I hate them.
Identify WHY the customers are buying from THIS business.
quote:
Make sure there is no pending litigation.
Research what kind of litigation other (same/similar) businesses are facing.
This post was edited on 6/18/21 at 9:43 am
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