Conducting thorough due diligence is crucial when purchasing a restaurant, and this 125-point checklist offers an in-depth guide for your evaluation. You’ll methodically assess key ares like profit and loss statements and health department compliance records to identify potential issues.
For example, when you’re examining a restaurant’s transition plan, you can verify whether the seller will provide adequate training and introductions to key suppliers—factors that significantly impact your success after acquisition. As reported in Forbes, around half of business deals fall apart during due diligence as buyers discover undisclosed problems. Careful preparation empowers you to avoid these common pitfalls and move forward with greater confidence.