1. Considerations for Hiring an Attorney and an Accountant When Purchasing a Business
While some buyers manage without professional help, we strongly encourage involving both a business attorney and a CPA. Their guidance ensures that contracts are sound, financials are accurate, and your interests are protected throughout the transaction.
2. I’m Based Outside the U.S. and Interested in an E-2 Visa—Can You Assist?
Yes, we can help. If you're a foreign national pursuing an E-2 investor visa, it's important to work with experts familiar with immigration requirements. We’ve assisted multiple clients through E-2 visa business purchases and can connect you with experienced professionals to support your journey.
​3. Where Can I Find Businesses for Sale?
You can browse available listings directly on karibiz.com. Our searchable marketplace allows you to filter businesses by industry, location, size, and more. If you're looking for something specific or want a tailored list, just contact us—we're happy to assist.
4. What Expenses Should I Expect During the Purchase Process?
While seller commissions are typically covered by the seller, buyers should plan for additional costs such as legal fees, CPA reviews, due diligence expenses, Taxes, escrow fees, rent and security deposit and working capital needs. These vary by deal but should be part of your budget planning.
5. Will the Current Owner Provide Support During My Transition into the Business?
​Most sellers provide some form of transition assistance to ensure a smooth handover. Depending on the business, this may include one to four weeks of training at no extra cost, or extended support by mutual agreement.
6. What Steps Can I Take to Verify the Accuracy of a Business’s Reported Profits?
​During the due diligence phase, you’ll have the opportunity to review financial records and operational details to verify the seller’s claims. This includes access to tax returns, P&Ls, bank statements, and other critical documents.
7. Do I Need the Full Purchase Amount Upfront?
Not necessarily. Many buyers finance their purchase with a combination of personal funds, loans, or seller financing. In some cases, SBA loans allow you to finance up to 90% of the total price—meaning a significantly smaller down payment may be possible.
​8. Estimated Costs of Starting a Small Business
Every business is unique, but in California, most small business purchases require at least $20,000 to $50,000 in available capital for a down payment. We’ll help you assess opportunities that fit your budget and growth goals.
9. Should You Buy a Business?
Yes—if done right. Buying an existing business means you skip the risky startup phase and gain immediate access to a proven model, customers, staff, and systems. From retail stores to service-based companies, purchasing an established business can fast-track your entrepreneurial success.
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Of course, every opportunity comes with its risks, which is why proper planning, due diligence, and expert support are essential. KARIBIZ is here to help you make informed decisions every step of the way.
10. What Are the Steps to Buying a Small Business?
Here’s a simplified roadmap to guide your business buying journey:
Step 1: Define Your Goals
Clarify what type of business fits your skills, interests, and budget. Consider factors like location, industry, size, and lifestyle compatibility.
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Step 2: Work With a Business Broker
Partnering with KARIBIZ gives you access to vetted listings, negotiation support, and expert advice to streamline the process.
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Step 3: Begin the Search
We’ll help you filter businesses based on your criteria and schedule introductions with sellers.
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Step 4: Visit and Evaluate Opportunities
Tour businesses, meet the owners, and review basic information to identify the right fit.
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Step 5: Make an Offer
Once you’ve found a business you like, we’ll help you prepare a Letter of Intent (LOI) outlining your proposed terms.
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Step 6: Conduct Due Diligence
Dig into the business’s financials, legal standing, contracts, and operations. Typical items to review include:
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Required business licenses & permits
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Tax returns and financial statements
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Employee agreements and payroll details
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Inventory, equipment, and lease terms
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Non-compete or confidentiality agreements​
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Step 7: Close the Deal
Once everything checks out and terms are agreed upon, the closing process begins. Congratulations—you’re now a business owner!