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What is your experience in this business?
3. What will be special about your business?
4. Have you contacted prospective suppliers and what information can they provide?
5. Do you have any letters of intent for prospective suppliers of purchases?
6. Have you asked about trade credit?
For a takeover only:
1...
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When and by whom was the business founded?
2. Why is the owner selling it?
3. How did you arrive at a purchase price for the business?
4. What is the trend of sales over the past three years?
5. Is the business going downhill, why? How can you turn it around?
THE MARKET
1. Who exactly is your market? Describe characteristics: age, gender, profession, income, geographic
location, etc...
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