Buying a Business ‣ Keystone Business Ventures

Buying a business is a big step in ones' life and it is important to be prepared for it. A prospective buyer should always perform due diligence when contemplating the purchase of a new business. Keystone Business Ventures, Inc. is there to assist anyone in purchasing a business whether it is their first or tenth business.

Provided is a checklist any buyer should follow when contemplating the purchase of a specific business.

Buyer's Due Diligence Checklist (PDF)

Checklist for Buying a Business

In Russel L. Brown's Buying or Selling a Business he provides a personal checklist for someone who is looking to buy a business.

Do you know what kind of business you want to buy?
Are you "technically" qualified and experienced enough to run the business?
Do you have the temperament to deal with fickle customers, demanding creditors, and difficult employees?
Do you have attention to detail that most businesses demand?
Can you deal with the bookkeeping requirements of the business?
Are you prepared to "eat, sleep, and drink" the business 24-hours a day, 7 days a week (because that's what it frequently takes)?
Can you deal with adversity without losing your cool?
Can you deal with uncertainty without losing sleep?
Are you a good "people person" who can successfully deal with both customers and employees?
Can you accept the potential significant financial loss that investing the business exposes you to?

Speak to a professional.

With over 80 years of combined business ownership experience, the staff understands firsthand today’s challenges that business owner’s face. Our M&A advisors include Certified Business Appraisers, Certified Valuation Analysts, Certified Machinery and Equipment Appraisers, and PA Real Estate Salespersons, Associate Brokers, and Brokers.