Business | How To Buy A Small

: If the owner is the only one who knows how to run daily operations, you are buying a "job," not a business. Look for documented processes and a strong second-in-command. Recommended Reading Buying a Business: 7 Documents to Request | CO

Once you sign a , you enter a "due diligence" period (typically 60-90 days) to verify the seller's claims. You should request: how to buy a small business

: For small businesses, the most common method is using a multiple of Seller’s Discretionary Earnings (SDE) —typically 2x to 4x annual profit. SDE is the net profit plus owner salary and personal perks. : If the owner is the only one