Check if there are documented processes for staff training, opening/closing, and vendor ordering. Phase 3: Valuation and the Deal
If you'd like to dive deeper into the specifics of your acquisition: (e.g., $100k vs. $1M+) Target Industry (e.g., clothing, hardware, specialty food)
Research market trends—is the industry growing, or is it being cannibalized by e-commerce? buying a retail business
Success is often determined in the first 90 days after the keys change hands.
Check foot traffic, local competition, and the long-term health of the surrounding neighborhood. Phase 2: Rigorous Due Diligence Check if there are documented processes for staff
Are you seeking a passive investment or a hands-on daily management role?
Finding the right business is about more than just liking the products. You are buying a lifestyle and a set of operational challenges. Success is often determined in the first 90
Verify that stock isn't "dead" or obsolete; ensure the valuation reflects current market prices.