buying a business

[lostboy87]

ive seen a sandwich shop for sale which im interested in buying but i haven't much savings and want to know how i go about getting the right and safe backing and also there is a second sandwich shop very close to the first also for sale is this a concern? any help? id be very grateful!

[meglet]

I think its worth popping into the other shop and seeing if you can find out why they're selling up. If things aren't going too well then it will give you an idea about the local market. If though its because the one that you're thinking of buying is getting all the business, then great!

[buildersmate]

You will need to put a reasonable proportion of your own equity into the business if you are proposing to ask a bank for a loan. They will also want to see your business plan for how you think you can make to profitable.