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?

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