: 3 years of tax returns, P&L statements, and bank statements to reconcile revenue.
: Check for "customer concentration"—if one client accounts for more than 20% of revenue , the business is high-risk if they leave. how to buy a small business
: A common starting range is $500K to $3M in revenue , which is usually large enough to support a salary and loan payments. 2. Sourcing Opportunities : 3 years of tax returns, P&L statements,
Most first-time buyers stall because their search is too broad. Start by picking "a lane" based on three constraints: : 3 years of tax returns
: Contacting business owners directly in your target industry can lead to "off-market" deals that aren't listed publicly. 3. Valuation & Financing
Once you sign a , you enter a "due diligence" period (typically 60-90 days) to verify the seller's claims. You should request: