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Could you please clarify your objective ?
1. You have decided on a particular tattoo shop and want to know what sort of due diligence you should do.
OR
2 You want to know if you should buy "a tattoo shop' , in other words is it a good idea
to get into the tattoo business ?
I'd like to confirm the problem before I approach solving. Thanks!
1. You have decided on a particular tattoo shop and want to know what sort of due diligence you should do.
OR
2 You want to know if you should buy "a tattoo shop' , in other words is it a good idea
to get into the tattoo business ?
I'd like to confirm the problem before I approach solving. Thanks!
1
Ray Steitz advised on 17 Jan 2012
Expert in Sales Management, Pricing & Revenue Management and sales systems development.
Good questions from Ranga. Whatever you do, do not enter into a contract to buy the business without having an attorney draft a letter of intent first. This will give you the opportunity to do your "due diligence" as Ranga suggests, and will give you an out should you uncover some deal breakers. Most sellers will not provide any confidential information, such as P & L statements, etc until a non-disclosure agreement is signed first.
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