How to Buy a Small Business: A Beginner’s Step-by-Step Guide
A practical 12-step guide to finding, evaluating, financing, and purchasing an existing small business for the first time.
BUSINESS BUYER LEARNING CENTER
Clear guides, checklists, and calculators that help you move from your first search through diligence, closing, and transition.
A practical 12-step guide to finding, evaluating, financing, and purchasing an existing small business for the first time.
PRACTICAL RESOURCES
Each guide explains the topic, shows what to verify, and connects you to the next step.
Learn what buying an existing business involves, how long it can take, who helps, and the mistakes first-time buyers should avoid.
Read guide →A structured checklist for verifying a small business’s financial, legal, operational, commercial, employee, and technology information.
Read guide →Understand SDE, EBITDA, valuation multiples, asset value, working capital, and the risks that change what a small business may be worth.
Read guide →Compare SBA-backed lending, conventional loans, seller financing, buyer equity, and outside investors when purchasing a small business.
Read guide →A plain-language overview of how SBA 7(a) financing may be used for a business acquisition and what buyers should prepare.
Read guide →Use these questions to understand why a business is for sale, how it earns money, what depends on the owner, and which risks require verification.
Read guide →Learn what a letter of intent commonly covers, which provisions may be binding, and what buyers should settle before due diligence.
Read guide →Understand why sellers require confidentiality agreements and what buyers should review before receiving sensitive business information.
Read guide →A beginner-friendly explanation of how asset and equity business purchases differ in ownership, liabilities, contracts, taxes, and closing mechanics.
Read guide →Estimate the down payment, closing costs, working capital, reserves, and debt coverage involved in purchasing an existing business.
Read guide →