Buying a Small Business—Facts All Potential Business Buyers Need To Know

Here are the facts—80% of all business buyers never end up buying a business. Many factors contribute to this statistic, but by following the points below, you should be successful in locating and buying a business that interests you and completing the transaction.

A majority of business buyers are too timid when buying a business and are not willing to "pull the trigger" and sign a purchase agreement to start the process of buying a business. Many serious buyers lose out on great deals because they're too analytical or pensive about writing up an offer. Writing up an offer also usually "locks out" other potential buyers (your competition) for a period of time so you can take a look at important business records and info.