How Do I Buy - A Small Business

You will need specialized help to avoid costly mistakes. This team typically includes a business attorney , a CPA or accountant , and potentially a business broker . 2. Sourcing and Initial Screening

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) You will need specialized help to avoid costly mistakes

To see detailed financial data, you must sign a Non-Disclosure Agreement (NDA) . Sourcing and Initial Screening Use online marketplaces like

Before looking at listings, define your "buy-box" or target criteria.

Buying a small business is often faster and more secure than starting from scratch because you are acquiring existing cash flow, established customers, and proven systems. However, it is a complex process that typically takes .