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How to Buy an Existing Business: The Ultimate Guide

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How to Buy an Existing Business: The Ultimate Guide

96,754 views October 25, 2019 7:32

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Learn the eight steps you need to consider to guarantee you buy the right business for you. Want to launch your career as an entrepreneur without going through the pain points of building a brand new company? You could buy an existing business. Every year, more than 500,000 businesses change hands, and that number is expected to skyrocket as baby boomers begin retiring and selling their businesses. In other words, there’s no better time to buy.

Our video covers:

Step 1: Figure out What Type of Business You Want to Buy (0:21)

Step 2: Search for Businesses That Are for Sale (1:11)

Step 3: Understand Why a Business Is for Sale (1:53)

Step 4: Narrow in on a Business to Buy (2:41)

Step 5: Do Your Due Diligence (3:57)

Step 6: Evaluate the Price of the Business (4:55)

Step 7: Get the Capital You Need to Buy the Business (5:59)

Step 8: Close the Deal (6:31)

In this video, we provide a basic overview of how to buy an existing business. This video is not intended to provide legal advice or to form a professional relationship. We suggest contacting a business lawyer for advice specific to your circumstances.

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About this tutorial

Fundera published this 7:32 video tutorial on October 25, 2019. It has been watched 96,754 times on YouTube.

Channel
Fundera
Category
Education
Duration
7:32
Published
October 25, 2019
Views
96,754
Likes
1,789

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Further reading

  • Guide To Buying An Existing Business businesscobra.com

    Consequently, buying a business is worth its value. The seller might sell an existing business with debt, and hence you will be incurring them. Starting a new business vs buying an existing business. As compared to buyi…

  • Buy an existing business or franchise - sba.gov sba.gov

    Starting a business from scratch can be challenging. Franchising or buying an existing business can simplify the initial planning process.

  • How To Buy a Business - The Ultimate Guide - SEEK Business seekbusiness.com.au

    Buying an existing business is a great way to become a business owner, but it’s not without its challenges. Check out our guide on how to buy a business, so you can become a business owner, the right way. How to buy a b…

  • How to Buy a Business: The Ultimate Guide (2020) - UpFlip upflip.com

    Tip #2: If the business you are buying an existing small business that has a bank credit relationship already and if your creditworthiness is good, you might want to try and obtain a loan from that business’ bank. The b…

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