thecoach
Contributor
So I came across an opportunity to purchase a buy an established (been there for more than 20 years) investment and insurance (home, auto, life and health) business. My original plan was to stay where I currently am and build my practice from the bottom up, but now I have the opportunity to buy an extablished one and build on that.
The plan is that I would come on board with them for roughly 3 years and run the business with another partner under the current owners guidance, then after the 3 year period we would buy the business from them.
The problem is I've never bought a business before (only built my own small ones). I've tried searching on here and on RD but haven't found anything. What kind of questions should I be asking? Are there any good resources out there (books, websites, etc) where I could learn a little more about buying an existing business?
The plan is that I would come on board with them for roughly 3 years and run the business with another partner under the current owners guidance, then after the 3 year period we would buy the business from them.
The problem is I've never bought a business before (only built my own small ones). I've tried searching on here and on RD but haven't found anything. What kind of questions should I be asking? Are there any good resources out there (books, websites, etc) where I could learn a little more about buying an existing business?
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.