Zions Bank Business Resource Center - Business Success Academy Workshops

Description

Tuesday Tea: The Inside Scoop
What to Consider When Buying a Business
A Microsoft Teams invite will be emailed the morning prior to our time together.
Ten thousand baby boomers turn 65 every day and a record 3.2 million baby boomers retired in 2020. Boomers own 2.34 million small businesses in the U.S.—presenting a great opportunity for the next generation of entrepreneurs when they go to sell.
If you’re thinking of purchasing an existing business, please join us for a dialog with Community Banker Adam Allred about what questions to ask and what information to gather to ensure you’re making a sound decision.
 
In this complimentary half hour, virtual dialog using Teams technology, you’ll learn to identify:

• What you’re actually buying and what type of purchase you’re making
• How the asking price was arrived at
• How the business is performing
• Can it afford to pay you an adequate salary
• Will it be able to cover debt payments used for purchase