Ensure there are no pending lawsuits, clear titles to all equipment, and valid leases.
Match their bank statements to their tax returns. how do you buy a business
This involves cold-emailing or calling business owners who haven't listed their company yet. It’s harder work, but you often get a better price without a bidding war. 3. Preliminary Analysis & The LOI Ensure there are no pending lawsuits, clear titles
If the numbers look good, you submit an LOI. This is a non-binding offer that outlines the price and terms. Once signed, the seller "takes the business off the market" for a set period (usually 30–90 days). 4. Due Diligence: Trust but Verify Ensure there are no pending lawsuits