Checklist - Evaluation to Buy a Business

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Multi-State
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US-03064BG
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Before buying a business, a number of points need to be carefully considered. The following checklist may be helpful to you in making such a decision.

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Tally the value of assets. Add up the value of everything the business owns, including all equipment and inventory. Base it on revenue. How much does the business generate in annual sales? Use earnings multiples. Do a discounted cash-flow analysis. Go beyond financial formulas.

1Hook up Your Utilities.2Do a Deep Clean.3Change Your Locks.4Reset Your Garage Security Code.5Forward Your Old Mail.6Change Your Address.7Unpack Your Boxes.8Buy a Safe.Things to Do After Buying a House Ally\nwww.ally.com > do-it-right > home > things-to-do-after-buying-a-house

1Determine How Much Home You Can Afford.2Save For A Down Payment.3Find A Real Estate Agent You Can Trust.4Get A Mortgage Pre-Approval And Choose A Lender.5Find The Perfect Home For You.6Make A Smart Purchase Offer.7Hire a Real Estate Attorney.8Schedule a Home Inspection.Home Buying Checklist Rocket Mortgage\nwww.rocketmortgage.com > learn > best-home-buying-checklist

1Pay Off All Debt and Build an Emergency Fund.2Determine How Much House You Can Afford.3Save a Down Payment.4Save for Closing Costs.5Get Preapproved for a Loan.6Find a Home for Sale in Your Price Range.7Research Neighborhoods for Best Fit.8Attend Open Houses and Think Long Term.Tips for First-Time Home Buyers DaveRamsey.com\nwww.daveramsey.com > blog > tips-for-first-time-home-buyers

Learn About the Business Finances. Inspect the Physical Assets. Read the Lease. Check the Business's Legal Status. Get the Owner's Guarantee. Hold Back Some of the Purchase Price.

Financials: Income statements, cash flow statements, balance sheets, general ledger, accounts payable and receivable. Credit report. Tax returns for at least the past three years. All debts, their terms and any contingent liabilities. Analysis of gross profit margins.

Tally the value of assets. Add up the value of everything the business owns, including all equipment and inventory. Base it on revenue. Use earnings multiples. Do a discounted cash-flow analysis. Go beyond financial formulas.

An evaluation checklist is a list for guiding an enterprise to success (formative orientation) and/or judging its merit and worth (summative orientation). Sound checklists can have profound evaluative applications.

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Checklist - Evaluation to Buy a Business