By: Mike Desrosiers

Mike Desrosiers — Tue, 02 Feb 2010 23:59:19 +0000

I’m interested in buying a local motorcycle shop which recently started up 8 months ago and the owner unexpectedly passed away and now his wife would just like to sell and have nothing to do with it. I’m currently meeting with her and asking for financial statements along with a list of inventory, vendors and licenses, permits, building lease, and busi. insurance. What might be some other suggestions be on actually getting an acurate value on this business when it has only been in operation for 8 months. A little history: Average medium size town with no other motorcycle shops, a surrounding town does have one, besides numerous dealers in the surrounding city. Good location on main street through town. Lease seems to be of fair value. Any help would be appreciated. Thanks Mike

Comments on: Questions to Ask When Buying a Business

By: Mike Desrosiers