What is a franshise? What is a sole proprietorship?
You can buy an exisiting business. One site to see business for sale is BIZBUYSELL.COM
You can buy an exisiting business. One site to see business for sale is BIZBUYSELL.COM
Answer these questions.......
What is one benefit and one disadvantage of buying an exisitng business?
What is the one benefit and one disadvantage of starting from scratch and NOT buying an exisiting business?
What is one adavantage and one disadvantage of buying a Franchise as opposed to buying an exisitng non profit
Go to Bizbuysell.com
Pick a business.
How much is it selling for?
What is the business' gross revenue (income before expenses)?
What is the EBITDA (earnings before interest, taxes, etc)?
How much inventory is there? and is the inventory included in the sale?
Does this include the building and the land? or is the business space rented? How much is the rent?
Tell why would it be important to ask each of the following questions? (do not answer the questions themselves)..............
Question #1: "When Did the Owner Decide to Sell the Business?"
Question #2: "What Valuation Method Did the Owner Use to Determine the Asking Price?"
Question #3: "What Does the Owner Want to Walk Away With?"
Question #4: "What Would the Seller Do to Increase Sales and Profits"Question #5: "Is the Seller Willing to Sign a Non-Compete Clause?"