Updated almost 8 years ago on . Most recent reply
Buying an existing business help
Does anyone know of an attorney and accountant in the Philadelphia area who can evaluate the ins and outs of a business we want to purchase? The business comes with a property! Thank you.
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You may want to contact a CPA before an Attorney. The Attorney will help you with the sale while a CPA could help you evaluate the deal. You really want to see a 3-5 year payback on the investment after paying yourself a normal wage. You would probably want to own the property separately and pay yourself rent. A CPA could also provide you with financial statistics about the company's specific industry. Unless you really know the business and the owner's reasons for leaving, you should do your due diligence first.