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Key Considerations When Buying an Existing Business for Sale

Purchasing an existing business can be a lucrative opportunity, but it comes with its challenges. Disadvantages include potential ill will from the previous owner, unsuitable employees, and an unsatisfactory location. Additionally, the equipment may be outdated, which can incur extra costs. Before making a decision, it's crucial to evaluate these factors thoroughly to determine if the business aligns with your goals and vision. Understanding the risks and rewards will help you make a more informed choice in your entrepreneurial journey.

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Key Considerations When Buying an Existing Business for Sale

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  1. Buying An Existing Business For Sale

  2. Buying a Business • Disadvantages • It’s a loser • Possible “ill will” from previous owner • Employees may not be suitable • Location may be unsatisfactory • Equipment may be obsolete

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