What are the “red flags” to avoid when searching for a business to buy?

Depending upon whether you are in the search process or whether you’ve progressed beyond that stage, there are various red flags which will give an indication that the business in question might not be the one to progress. For example:

• The sellers won’t release the Info Memorandum (IM)
• It’s proving too difficult or taking too long to get relevant financial information from the sellers/their accountants
• There is a high staff turnover
• The sellers can’t identify where the future development potential might lie
• The owners can’t convey a