Sometime the it’s best to try to keep things simple in life. And sometimes you just don’t have the energy to start a business. Starting a business takes a lot more energy than most people think. If you fall in that category, you should look into trying buy a business from a broker.

Some advantages of buying a business from a broker are:

1) You can look the financials of the business and see how well it has performed. You will know how much you are going to make before you ever spend a single dime.

2) The employees will already be trained. This saves you money, time and energy.

3) Established customer base. This keeps you from having to build one. Again saving you money, time and energy with expensive advertising.

4) Easier to get loans for the business. Because you will already have a proven track record, banks will be more willing to make a loan to buy the business, and working capital for it.

5) Turn key.

Be warned though, if you are interested in buying a business from a broker, there’s a lot of crap businesses for sale out there. And people selling their business through a broker tend to lie about the financials. So it’s up to you do your due diligence if you want to buy a business from a broker.

When I was looking at businesses to buy, I had a little check list I gave to each seller.

Here’s what I asked from them:

Copies of each:

If you get all these things, you should be able to get a good idea of how well the business is actually doing. And just because you are smart and know everything, swallow you pride and let an attorney and an accountant look over it all to.

I hope this information helps give you a little more ammo if you decide to buy a business from a broker.