Contact businesses in industries you know. Owners may be thinking about retirement but haven't listed yet.
(Retirement and health are good; "the industry is dying" or "lawsuit pending" are red flags.) buying into an existing business
Check for upcoming lease expirations, new competitors, or changing regulations. 4. Due Diligence (The Deep Dive) Contact businesses in industries you know
You buy 100% of the company and the owner exits. buying into an existing business
Part of the purchase price is paid only if the business hits certain profit targets after you take over. 6. The Transition Plan
Talk to accountants, lawyers, and commercial brokers. They often know who is looking to exit before anyone else. 3. Initial "Sniff Test"