How Do I Buy A Small Business (2024)

Once you know what you want, begin searching for opportunities.

Set non-negotiable limits for industry type, business size (revenue/profit), and geography.

Choose an industry that aligns with your professional background and passions.

To see detailed financial data, you must sign a Non-Disclosure Agreement (NDA) .

Use online marketplaces like BizBuySell or DealStream , or work with brokers who have access to unlisted deals.

This is a non-binding document outlining your proposed price, deal structure (cash vs. debt), and the timeline for due diligence. 4. Due Diligence

The following steps outline the typical acquisition path from initial planning to closing the deal. 1. Preparation and Self-Assessment

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