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Ronald Jones
  • Investor
  • Birmingham, AL
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What needs to be considered when contemplating buying a business?

Ronald Jones
  • Investor
  • Birmingham, AL
Posted Sep 1 2015, 14:50

BP, this is not necessarily a REI question, but here it goes. What are some of the things that one should consider before deciding to buy a business? In particular, a friend was approached about buying an existing dry cleaning business. I have no idea which direction to point her in. Supposedly the operation grosses $500k/month. Any thoughts?

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