The following steps outline the typical acquisition path from initial planning to closing the deal. 1. Preparation and Self-Assessment
Use online marketplaces like BizBuySell or DealStream , or work with brokers who have access to unlisted deals. how do i buy a small business
Analyze the Confidential Information Memorandum (CIM) , which is the seller's sales pitch. Look for "red flags" like owner dependency (the business can't run without the current owner) or vague financials. 3. Valuation and the Letter of Intent (LOI) The following steps outline the typical acquisition path