Written by Bill Kopp
A Guide to Selling and Buying a Small Business in Western North Carolina
Many people dream of owning a small business, and while starting from scratch is often a viable means of achieving that goal, there exists another option: buying an existing business. Doing so has obvious advantages: Picking up where a previous business owner left off can mean that the new owner can build on the momentum already there. The reputation, prominence, and established customer base of an existing business can all help increase the likelihood of ongoing success.
But there’s a lot to know before entering into the world of buying—or selling—a small business. We’ve drawn on the wisdom of local experts—professionals and entrepreneurs in Western North Carolina who’ve earned their knowledge through firsthand involvement in successful sales and/or purchases—to bring together some of that hard-won expertise.
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