: Identify "owner add-backs" (personal travel, one-off repairs, or non-business wages) to find the true, normalized profit of the company.
: Systems must not "live in the owner’s head." The business should run effectively without the current owner. buy your own business
: Investigate options like SBA 504 loans if you are buying the business real estate, or "owner-financing" where the seller acts as the lender. : Identify "owner add-backs" (personal travel
(Retirement vs. hidden liabilities).
: Non-Disclosure Agreement (NDA) and a Due Diligence Checklist. buy your own business
When evaluating a business for purchase, you must request and review these specific documents to ensure the entity is viable and the value is real: