This George & Company report originally appeared in the news on April 19th, 2016. In 2015, over 7,222 small and middle-market businesses were sold in the United States according to BizBuySell.com (www.bizbuysell.com). These businesses could be broken down into two major categories: 50% Retail, which includes customer service oriented product selling, including retail stores, gas stations, convenience stores, and food & beverage businesses; and 38% Service, which include professional s...

Many people are fond of the Confucius quote, “Choose a job you love, and you will never have to work a day in your life.” It’s an inspiring idea, and one that has motivated thousands of foodies and aspiring chefs to entertain dreams of running a restaurant. Realistically, passion for the product is not enough to guarantee a restaurant’s success. To avoid becoming a failure statistic, here are ten very important questions an entrepreneur must be able to answer before buying a restaurant:...