Comprehensive Guide to Buying an Existing Business

This document serves as a comprehensive Buyer's Guide published by Allen & Young Business Brokerage, detailing the philosophy, steps, and considerations necessary for successfully purchasing an existing business. It outlines the advantages of buying over starting from scratch, key attributes buyers seek (like income and control), and a structured five-step process for acquisition, including initial fact-finding, site visits, making an offer, and due diligence. The guide also prompts prospective buyers to assess their personal readiness, commitment level, and family support before proceeding.