There are many ways of doing business.
You can start one on your own, or you can also have the options to purchase an existing business. The one thing for sure is all business need preparation.
Enough and solid preparation with the right validation tools.
Regardless wether the business is profitable or not, to purchase a business could not be based on location or the current value.
Future value should be evaluated as well.
A good business could be not profitable due to a wrong strategy chosen by the owner. A profitable business does not necessary guarantee to be successful if you take it over and vice versa.
Click on the link below as I shared some personal views on a friend’s idea to buy over a preschool.