Once a target is identified, you must verify basic fit before moving to a formal offer.
Find opportunities through online marketplaces (like BizBuySell or Flippa ), business brokers, or direct outreach to owners. 2. Evaluation and Initial Contact
Focus on a specific Industry (e.g., HVAC, plumbing, accounting), Size (revenue/profit targets), and Geography .
Review the Confidential Information Memorandum (CIM), which acts as a marketing "sales pitch" for the business.
Decide if you want to be a hands-on operator or a passive owner hiring a general manager.