Ask Question
26 September, 22:11

When you purchase an existing business why is it important to know the owners reason for selling?

+1
Answers (1)
  1. 26 September, 22:25
    0
    In purchasing an existing business, it is important to know the owner's reason for selling his or her business, because the business may be unprofitable or under-performing, which is why they are selling it or maybe they have a succeeding debt to one of their investors in their business. But, there are also some advantages in buying existing businesses, you get to acquire current customers, inventories, contacts, staff and suppliers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When you purchase an existing business why is it important to know the owners reason for selling? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers