Buyer FAQ's | First Choice Business Brokers

This document provides a comprehensive Frequently Asked Questions (FAQ) guide for potential business buyers, presented by First Choice Business Brokers. It covers essential topics such as the definition of due diligence, the benefits of purchasing an existing business versus starting a new one, and the role of a business broker. It also addresses common concerns regarding financing options, the offer process, the necessity of legal counsel, and how sellers determine asking prices. The guide clarifies that businesses are sold for various strategic reasons, not solely due to financial distress, including capitalizing on success, seeking new challenges, life changes, retirement, partnership shifts, or favorable market timing. The broker's contact information and address in Las Vegas, Nevada, are provided.