Assignment task:
OK, finally, everything is set, and the owners of Campus Coffee have decided they will retire to Miami and will sell you Campus Coffee for $10,000. Hmmm, they agreed really quickly and $10,000 is kind of a low price - you wonder, why did they agree so fast to your first offer? I mean you were even willing to haggle up to $15,000 or even a bit more. They said they were just ready to retire... but do you believe them or wonder if there may be something wrong that they just want to get away as fast as possible? is getting really nervous too and thinks there may be some hidden skeletons in that business. You want to find out before you hand over the cash. Make a checklist of things you want to verify on your due diligence before you sign to buy the business and hand over the cash. Just in case, make several checklists to confirm.