How Do You Buy A Business May 2026

If the numbers look good, you submit an LOI. This is a non-binding offer that outlines the price and terms. Once signed, the seller "takes the business off the market" for a set period (usually 30–90 days). 4. Due Diligence: Trust but Verify

Here is a step-by-step guide to navigating the acquisition process. 1. Define Your "Buy Box" how do you buy a business

This is the most critical phase. You are looking for "skeletons in the closet." You’ll want to investigate: If the numbers look good, you submit an LOI

Sites like BizBuySell or Empire Flippers are the "Zillows" of businesses. They are easy to browse but highly competitive. If the numbers look good

Sellers usually talk about "Seller’s Discretionary Earnings." This is the net profit plus the owner's salary and "add-backs" (personal expenses run through the business).