Buying Into An Existing Business — Direct Link

Review at least 3 years of tax returns, P&L statements, and balance sheets. Watch out for "owner add-backs" (personal expenses run through the business).

Does it rely entirely on the owner's personal relationships? If so, the value may disappear when they leave.

Businesses are usually valued as a multiple of or EBITDA . buying into an existing business

Check for upcoming lease expirations, new competitors, or changing regulations. 4. Due Diligence (The Deep Dive)

This is the "gold standard." If the seller carries a note for 20–30% of the price, it proves they believe in the business’s future success. Review at least 3 years of tax returns,

Before spending thousands on legal fees, ask the "Three Whys":

You are an outside manager who buys into the company and joins the existing management team. 2. The Search & Sourcing If so, the value may disappear when they leave

Don't just look at public marketplaces like . Some of the best deals are "off-market."