Buy an existing business or franchise

U.S. Small Business Administration, 5 min read

This lesson is a guide published on sba.gov.

Read the guide

What you'll get

The SBA's plain section on franchising versus buying an existing business, with three things to settle first, what you can invest, whether the work fits your skills and life, and what comes with the purchase, such as contracts, leases and cash flow. It then lists what to check before you buy, including licenses, zoning and ways to value the business, and which documents a lawyer and an accountant should review, so it's a sound first read before you call any seller.

Do this week

Write the most you could put into a purchase and the kind of business your skills fit, then name two businesses in your area you could ask about.