Buying an existing business can be a very lucrative situation for a lucky buyer. It is also true that buying an existing business can be tricky and full of risk. There are lots of ways to value a business; however, many of these ways cost money, and are done by third parties.
One of the better ways to get a feel for a business being sold is by using a free business valuation model Excel template. This is a fantastic tool for the average business buyer to utilize. People can get caught up in the excitement of buying a business, but they need to be prudent at the same time.