How Do You Find A Business For Sale?
• Talk to your family. Most folks may not have thought about it, but probably the first place to look is within the family. Is there a family member, close or extended, who owns a business? Would they, for one reason or another, consider selling it? Are they approaching retirement age? Do they appear “burned out”? Are health problems limiting the amount of time they can devote to the business? Do they want to travel? You never know until you ask. However, some words of caution are in order when dealing with family. Don’t take any short cuts just because it’s family. Of particular importance when family is involved is the “due diligence” phase. Take a hard, critical look at the business just as if a complete stranger owned it. Make sure it is the right business for all the right reasons. • Look in the Sunday Newspaper. Sunday is traditionally the day that businesses for sale are advertised. Look under the classifications of “Business Opportunities” or “Businesses for Sale”. Some newspap
