List: 11 Questions to Ask Potential Buyers of Your Business
- Why do you want to buy my business?
- What do you know about my industry?
- Have you ever bought a business before?
- Do you plan to run the business, or resell it?
- Are you interested in my business and what we do, or do you want it for its assets – real estate, contacts, equipment, etc.
- What is your timeframe to buy a business?
- Will you keep the business name?
- Will you sign a confidentiality or non-disclosure agreement?
- Who will be running the business if you buy it? What are their qualifications?
- What is your due diligence process to purchase a business?
- How will you finance the purchase?Can you show me you have access to the funds needed to buy my business?
