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7 "Real" Sample Business Plans |
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Melinda's Pet Salon Purchasing an existing grooming business can actually boost first year net operating income compared to a start-up operation. It may prove much easier to get a business loan when you inform the lender you are buying an existing business. Generally you are more likely to succeed when you buy an existing business at an appropriate price and carefully manage the change in ownership with care and concern. There are extra steps to take when buying an existing business, such as reviewing the last 3 years of financial statements of the business being sold. Since you are buying the financial performance of the business, you need to ensure that your financial projections for the future are in alignment with the current financials. Now you can see how we do that in a professional business plan. |
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