(Retirement and health are good; "the industry is dying" or "lawsuit pending" are red flags.)
Contact businesses in industries you know. Owners may be thinking about retirement but haven't listed yet. buying into an existing business
The day after the sale is the most dangerous. You need a transition period (usually 3–6 months) where the former owner stays on as a consultant to introduce you to key clients and train you on the "unwritten rules" of the operation. (Retirement and health are good; "the industry is
Check for outstanding liens, employee contracts, and pending litigation. (Retirement and health are good
Talk to accountants, lawyers, and commercial brokers. They often know who is looking to exit before anyone else. 3. Initial "Sniff Test"