Considering Buying a Business - What Should I Ask?

[jasimi]

Hello everyone,

I'm contemplating buying a business and would love some advice on key questions to ask during due diligence. Besides the financials and current profitability, what other aspects should I scrutinize? I'm particularly interested in understanding the operational side, potential liabilities, and customer base. What red flags should I watch for? Any insights on assessing the business's reputation and future growth potential would also be appreciated.
Looking forward to hearing your experiences and tips!

Thanks in advance!

 

[Nomad]

How much money the business is making and how much money it is spending. These are the two most important questions to focus on when you are trying to buy a business.

 

[Riberet19]

The main thing is to know the expenses of the business and its margins, so you can consider if the business is a good investment from the start or not, that data is fundamental.