Category: Choosing A Business

Question: Many of the listings I come across do not include the business's revenue or cash flow. How can I possibly be interested in a business without at least having some sense of these numbers? Answer: This is an excellent…

Question: I have been looking online and in the newspaper to buy a business for nearly a year now. I haven't even found one yet that is worth visiting. Is there a better way to go about this search? I'm…

Q: Hi Richard - I have read your course and found it very helpful. I am currently in the process of buying a business, but I have one question. The business I'm looking at is a small eCommerce website. There…

Q: I am looking into buying a medium sized insurance brokerage that specializes in auto insurance. The current owner is very much involved in the business. He knows all of the clients personally, and even has many of them as…

Q: We are currently performing due diligence on a small manufacturing company. Everything seems to be in good order, and the business is very profitable. Our biggest concern is that nearly 60% of the sales are to just one retailer.…

Question: After an 18 year career at a major multi-national company I was recently given an "early retirement" from my upper management position. Rather than dust off the golf clubs, I've decided to go into business for myself. Franchising seems…

Q: My business partner and I are planning to buy a major-brand convenience store in the next 3 to 6 months. We've already identified three stores for sale in our target area. Can you offer any advice on how we…

Q: What are some of the key things to look for in evaluating gas stations for sale? A: Gas stations have always been a popular resale business ; however, you should not be misled as many people are thinking that…

Question: I am considering making an offer on a retail camera business. It has been in biz for over 30 yr. Owner wants to retire. Has posted 4.5% avg. growth over the last 12 yrs. The last two yrs, 15%…

Question: Hi. I am looking to a buy a running Dry Cleaners/Laundry. What should I be asking about/looking for? Never been in the dry cleaning business before. Answer: Coin laundries and dry cleaners are very attractive opportunities to many people.…