Check for outstanding bills, payroll, past litigation, or workers' compensation claims.
Request at least 3 years of actual tax returns; do not rely solely on internal profit and loss (P&L) statements. buying an existing restaurant
Verify the validity of books, especially if cash is a large factor in revenue. Check for outstanding bills, payroll, past litigation, or
The most critical phase of the purchase is the verification of the seller's claims and the physical state of the business. 1. Financial Verification Check for outstanding bills
Seeking Advice; Buying Existing Restaurant : r/restaurantowners