Good morning fellow stangers!
Curious if anyone here has ever purchased an existing business?
What are some things to look out for?
I have a friend selling a small engine shop. They repair small engines and sell mowers, weed eaters, leaf blowers, etc. It's an ExMark and Snapper dealer. My friend said he is selling to retire.
The building is leased/rented.
Really good location.
Some back story on me, I consider myself pretty engine savvy I have worked on many over the years and consider myself pretty mechanically inclined.
But from a business prospective what are some things I should ask to see? books? tax returns? etc?
I dont know much about owning/buying a business like this and was looking for some advise/opinions.
Thanks,
Curious if anyone here has ever purchased an existing business?
What are some things to look out for?
I have a friend selling a small engine shop. They repair small engines and sell mowers, weed eaters, leaf blowers, etc. It's an ExMark and Snapper dealer. My friend said he is selling to retire.
The building is leased/rented.
Really good location.
Some back story on me, I consider myself pretty engine savvy I have worked on many over the years and consider myself pretty mechanically inclined.
But from a business prospective what are some things I should ask to see? books? tax returns? etc?
I dont know much about owning/buying a business like this and was looking for some advise/opinions.
Thanks,