Thorough due diligence is essential when buying a business, but experts say prospective buyers should first assess whether they are genuinely suited to running the specific operation they are considering. Peter Wallace, managing director of business brokers Endeavour Capital, said many buyers are skilled in their professional trade but unprepared for the demands of managing staff, administration and the financial pressures of business ownership.
How to make sure you are buying a healthy business
Buying a business requires thorough due diligence across financials, operations, staff, customers and lease terms — but experts say the most important first step is an honest assessment of whether the buyer is suited to running the specific type of business.
By Amit Shukla
Expert in Costar News in DC market since 201418 June 2026 | 1:05 pm
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